Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike reported record financial results for Q3 of fiscal 2021, ending October 31, 2020. The company achieved total revenue of $232.5 million, an 86% increase year-over-year. Subscription revenue grew 87% to $213.5 million. Key highlights include 117 million in net new ARR and a total ARR of $907.4 million. CrowdStrike also saw a reduction in GAAP operating loss from $38.5 million to $24.2 million. Positive cash flow was demonstrated with $76.1 million in free cash flow. The company raised its guidance for Q4 and full FY2021, reflecting continued business momentum.

CrowdStrike Holdings (Nasdaq: CRWD) has appointed Laura J. Schumacher to its board of directors, effective immediately. Schumacher, vice chairman and chief legal officer at AbbVie, will also join the Nominating and Corporate Governance Committee. Her extensive experience in legal affairs, corporate governance, and business development is seen as a key asset as CrowdStrike aims to enhance its cloud-native endpoint protection platform. The company's leadership expressed confidence that Schumacher's guidance will contribute to its growth and innovation strategies.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD) announced it will release its fiscal Q3 2021 financial results on December 2, 2020, after market close. The results will be discussed in a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the press release and the live webcast through the CrowdStrike website. A replay of the call will be available until December 9, 2020. CrowdStrike is known for its AI-driven cybersecurity solutions, protecting endpoints and workloads against cyberattacks.

CrowdStrike Inc. (Nasdaq: CRWD) has launched the Falcon X Recon module, enhancing situational awareness for cybersecurity teams. This tool goes beyond the dark web to gather data from various digital sources, helping identify potential threats and malicious activity. It provides features like deep data collection, customizable dashboards, and real-time alerts. By automating data collection from underground forums and social media, CrowdStrike aims to empower organizations to proactively manage security risks. Falcon X Recon is expected to be available in early 2021.

CrowdStrike (Nasdaq: CRWD) recently announced new security capabilities and partnerships during the Fal.Con 2020 event. Key advancements include a Zero Trust Assessment for real-time security posture evaluations, the Falcon Horizon module for automated cloud security, and enhancements to the Endpoint Protection Platform. Additionally, CrowdStrike formed a go-to-market alliance with EY to improve cyber risk management. These initiatives aim to bolster defenses against evolving cyber threats and improve decision-making from the Security Operations Center to the Boardroom.

CrowdStrike Inc. (Nasdaq: CRWD) has launched a new feature at Fal.Con 2020, enhancing threat detection through contextual enrichment. This integrates third-party threat intelligence with Falcon detections, streamlining security operations.

As cyberattacks rise, the unified console experience helps security teams respond quickly, reducing the burden of managing multiple systems. Key partners like DomainTools and OPSWAT are involved, offering valuable threat data. The introduction of a free trial app, X-Ray, aims to bolster malicious incident remediation across various platforms.

CrowdStrike Inc. (Nasdaq: CRWD) has launched Falcon Forensics, a new cloud-based tool designed to enhance incident response for cybersecurity breaches. This tool aims to provide IR partners with rapid deployment, increased visibility, and automation during critical incidents. It features deep forensic data analysis, historical artifact collection, and pre-packaged dashboards for efficient data handling. The initiative emphasizes the importance of quick response times in the evolving threat landscape, ultimately helping organizations recover faster and improve their security measures.

CrowdStrike Holdings (Nasdaq: CRWD) will host a virtual product briefing for investors on October 15, 2020, at 1:00 p.m. PDT during its Fal.Con 2020 user conference. CEO George Kurtz and CTO Michael Sentonas will discuss the market opportunity for cloud workload protection and showcase CrowdStrike's capabilities in this area. A live webcast and replay of the session will be available on the investor relations section of CrowdStrike's website. The company is known for its cloud-delivered endpoint and workload protection, leveraging AI through the CrowdStrike Falcon platform.