Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike announced the successful completion of its third ATT&CK® Evaluation by MITRE Engenuity. The evaluation tested CrowdStrike Falcon® against sophisticated threats from CARBON SPIDER and Carbanak across 20 test steps on Linux and Windows systems. Falcon achieved comprehensive detection, providing actionable alerts for all steps and enabling swift responses to adversary intrusions. The results highlight Falcon’s ability to reduce alert fatigue and manual work for security teams, showcasing its effectiveness in cybersecurity.

CrowdStrike Holdings (Nasdaq: CRWD) will host an investor briefing on April 8, 2021, at 1:00 p.m. PT. Co-founder and CEO George Kurtz, alongside CFO Burt Podbere, will discuss CrowdStrike’s vision and business insights. The event will be held virtually, enabling broader access for investors. A live webcast and replay will be available on CrowdStrike's investor relations website. This briefing aims to enhance understanding of the company's cloud-delivered endpoint protection services that leverage AI to combat cyberattacks.

CrowdStrike (Nasdaq: CRWD) has been named a Leader in Forrester's Q1 2021 Managed Detection and Response report. The report highlights CrowdStrike's strong financial performance, user-friendly interface, and superior threat hunting capabilities. It received top scores in 11 out of 19 criteria, including Time-to-Value and Threat Intelligence. This recognition underscores the effectiveness of the CrowdStrike Falcon Platform in providing robust cybersecurity solutions, particularly amid a growing threat landscape.

CrowdStrike (Nasdaq: CRWD) has been recognized as a Leader in The Forrester Wave™: External Threat Intelligence Services, Q1 2021 report. The report evaluated key providers, highlighting CrowdStrike's Falcon X suite, which scored the highest in 17 criteria across three categories: Current Offering, Strategy, and Market Presence. Notably, CrowdStrike received a perfect score in Market Presence, recognized for its significant client base and revenue. This acknowledgment underscores CrowdStrike's position as a trusted leader in threat intelligence, delivering actionable insights to combat cyber threats.

CrowdStrike Holdings (Nasdaq: CRWD) reported strong financial results for Q4 and fiscal year 2021, ending January 31, 2021. The company achieved total revenue of $264.9 million, up 74% year-over-year, with subscription revenue rising 77% to $244.7 million. Annual Recurring Revenue (ARR) reached $1.05 billion, reflecting a 75% growth. Despite a GAAP net loss of $19.0 million, non-GAAP net income was $31.6 million. CrowdStrike's cash flow from operations hit $114.5 million, underscoring operational strength.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD) has completed the acquisition of Humio, a cloud log management provider, for approximately $392 million, which includes $352 million in cash and $40 million in stock and options. This strategic move aims to enhance CrowdStrike’s cloud security capabilities and improve data ingestion and analysis for customers. The integration of Humio is expected to accelerate the development of CrowdStrike’s XDR capabilities and redefine industry standards.

CrowdStrike announces enhancements to its Falcon® platform that improve SOC efficiency, empowering security teams to prioritize against cyber threats. New features include automated notification workflows and Real Time Response (RTR) capabilities, which streamline incident responses. The upgrades offer UI improvements and enable SOCs to visualize detections linked to incidents. CrowdStrike aims to minimize alert fatigue through automation and tailored notifications, enhancing security operations and response times. These developments align with the 1/10/60 response rule for effective threat management.

CrowdStrike has expanded its Cloud Security Posture Management (CSPM) and Cloud Workload Protection (CWP) for the Falcon platform, enhancing security for cloud workloads and applications throughout their lifecycle. The new capabilities target vulnerabilities in multi-cloud environments, ensuring compliance and visibility for Azure Active Directory. Additionally, the advanced CWP features provide comprehensive container security, identifying threats early and during runtime. With increased adoption of cloud technologies predicted by Gartner, CrowdStrike aims to offer robust security solutions that support DevSecOps without hindering production cycles.

CrowdStrike has released the 2021 Global Threat Report, revealing critical insights into the cybersecurity landscape, including the rise of supply chain attacks, ransomware, and nation-state threats. The report highlights that eCrime attacks accounted for 79% of all intrusions. Key findings include a projected increase in attacks on the healthcare sector and a focus by China on supply chain compromises. CrowdStrike has also introduced an eCrime index to capture the evolving cybercriminal market.