Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike has released its annual Cyber Front Lines Report, detailing insights from its global incident response teams in 2020. The report highlights the impact of remote work on cybersecurity, showing a rise in financially motivated attacks, with 81% involving ransomware. Notable findings include that 68% of organizations faced multiple intrusion attempts, and 40% of antivirus solutions failed to detect malware. The report emphasizes the need for continuous monitoring and response to enhance cybersecurity readiness.

CrowdStrike, a leader in cloud-based cybersecurity, announced its participation in the launch of Professional Services in AWS Marketplace. This allows AWS customers to purchase services such as cloud security assessments and penetration testing exercises to enhance their cloud security. As one of the first cybersecurity vendors in AWS Marketplace, CrowdStrike’s services offer actionable insights into vulnerabilities and security configurations. The offerings include Cloud Security Assessment, IT Hygiene Assessment, and Red Team/Blue Team Exercises, aimed at improving security during digital transformation.

CrowdStrike Holdings (Nasdaq: CRWD) has announced its participation in two virtual investor conferences. The UBS Global TMT Virtual Conference will take place on December 8, 2020, at 9:05 a.m. PST, and the Barclays Global Technology, Media and Telecommunications Conference is scheduled for December 9, 2020, at 10:30 a.m. PST. Both presentations will be available via live webcast and archived on their investor relations website. CrowdStrike specializes in cloud-delivered endpoint and cloud workload protection using AI technology.

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.