Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike (NASDAQ: CRWD) announced the winners of its annual Customer Excellence Awards and Global Partner Awards at Fal.Con 2024, which attracted a record 6,000 in-person attendees from 2,300 organizations across 60 countries. The awards celebrate the 'power of the Crowd' by recognizing organizations demonstrating leadership and innovation with the CrowdStrike Falcon® cybersecurity platform.

Notable winners include Aflac (Innovator of the Year), Hyatt Hotels & Resorts (Falconer of the Year), Dell Technologies (Global Partner of the Year), and Amazon Web Services (Ecosystem GTM Partner of the Year). The event underscores CrowdStrike's commitment to empowering customers and partners in tackling cybersecurity challenges and shaping the industry's future.

CrowdStrike (NASDAQ: CRWD) unveiled new innovations for its Falcon® cybersecurity platform at Fal.Con 2024, unifying security and IT operations to enhance breach prevention. Key updates include:

1. Project Kestrel: A new user experience providing a consolidated view of security data.
2. CrowdStrike Signal: AI-powered engines for improved threat detection.
3. AI Security Posture Management: Monitors AI services and LLMs in the cloud.
4. Falcon Privileged Access: Enforces least privilege access across hybrid cloud environments.
5. AI-generated Parsers: Uses LLMs to analyze log data and build parsers automatically.
6. Network Vulnerability Assessment: Continuous, sensor-based scans for real-time visibility.
7. Charlotte AI: GenAI-powered detection triage for faster incident response.

These innovations aim to simplify security operations, accelerate response times, and provide a more proactive approach to stopping breaches.

CrowdStrike (NASDAQ: CRWD) unveiled significant innovations to its Falcon Cloud Security platform at Fal.Con 2024. The company introduced AI Security Posture Management (AI-SPM) and announced the general availability of Data Security Posture Management (DSPM). These additions make Falcon Cloud Security the only CNAPP offering comprehensive protection across cloud infrastructure, applications, data, and AI models from a single platform.

CrowdStrike also enhanced Falcon Identity Protection with Falcon Privileged Access and real-time threat protection for Microsoft Entra ID. These innovations aim to stop cross-domain attacks that use stolen credentials to breach cloud environments. The company reported a 110% increase in cloud exploitation cases over the past year, with 75% of initial access attacks being malware-free.

CrowdStrike (NASDAQ: CRWD) has launched CrowdStrike Financial Services, a wholly-owned subsidiary offering tailored financing solutions for its AI-native Falcon cybersecurity platform. This initiative aims to accelerate platform consolidation by simplifying procurement processes for customers. The new service complements CrowdStrike's Falcon Flex, introduced last year, which provides adaptable licensing for the platform's modules.

Key benefits of CrowdStrike Financial Services include:

• Comprehensive and simplified in-house financing
• Flexible payment structures (monthly, quarterly, annual, skip, step, and customizable)
• Ecosystem support for customers and partners
• Hands-on customer service from seasoned finance professionals

CrowdStrike (NASDAQ: CRWD) has announced the launch of its second annual Cybersecurity Startup Accelerator in collaboration with Amazon Web Services (AWS) and NVIDIA. The program aims to support innovative startups in the U.S. and EMEA, offering mentorship, technical expertise, funding, and go-to-market opportunities. Applications are open from September 16, 2024 to January 10, 2025.

Selected startups will participate in a free eight-week program with access to industry experts, executives, and global cybersecurity investors. Benefits include up to $25,000 in AWS Activate credits and the opportunity to present at a Demo Day during the RSA Conference in April 2025. Winning presentations may receive funding from the CrowdStrike Falcon Fund.

CrowdStrike (NASDAQ: CRWD) has expanded its partnership with 1Password to enhance security for 150,000 customers, focusing on small and midsize businesses (SMBs). The collaboration offers an easy-to-use bundle that combines CrowdStrike Falcon® Go with 1Password Extended Access Management (XAM), providing enterprise-grade protection against ransomware and data breaches.

This partnership aims to address the challenges faced by SMBs in the complex cybersecurity landscape, including IT resources and budget constraints. The bundle integrates next-gen antivirus from Falcon Go with 1Password XAM, reducing costs and complexity in securing identities, applications, and devices for SMBs.

CrowdStrike (NASDAQ: CRWD) announced a record 97 partners as exhibiting sponsors at Fal.Con 2024, the premier cybersecurity conference. The event, taking place September 16-19 in Las Vegas, will host 6,000 attendees from 2,300 organizations across 60 countries. Key sponsors include AWS, Dell, Google Cloud, and Intel.

The conference features a Global Partner Summit, the Fal.Con Hub for live demos, and a Partner Power Theatre. Breakout sessions will cover topics like Cloud Security, AI security, and IT Automation. The event also includes a Women in Cyber Lunch, highlighting CrowdStrike's commitment to diversity in the industry.

CrowdStrike's partner-first approach is central to their 'we stop breaches' mission, with the Falcon platform serving as the foundation for ecosystem innovations and go-to-market initiatives.

CrowdStrike (NASDAQ: CRWD) has appointed Kartik Shahani as vice president of India and SAARC. With over 30 years of IT and cybersecurity experience, Shahani will lead CrowdStrike's regional go-to-market strategy to accelerate growth and customer adoption of the CrowdStrike Falcon® platform. Previously, Shahani served as managing director of India/SAARC at Tenable and held leadership roles at Dell EMC, IBM, and McAfee.

This appointment comes as CrowdStrike expands its global footprint, with India and SAARC being important markets. The company recently opened a new 52,000 square foot office in Pune, demonstrating significant investment in regional operations. Shahani's leadership is expected to play a key role in delivering innovation and platform capabilities to stop breaches for customers across the Asia-Pacific and Japan region.

CrowdStrike (NASDAQ: CRWD) announced record-breaking attendance for Fal.Con 2024, its flagship cybersecurity conference. The event, scheduled for September 16-19 at the ARIA in Las Vegas, will host 6,000 in-person attendees from 60 countries, representing 2,300 organizations. Attendees will have access to over 200 breakout sessions covering various cybersecurity topics, including Cloud Security, AI-Native SOC, and Identity Threat Detection. The conference will feature 70 customer-led best practice sessions from leading companies like Charles Schwab and Paramount. With nearly 100 partner sponsors, including AWS, Dell, and Intel as Premier sponsors, Fal.Con 2024 aims to shape the future of cybersecurity and guide organizations through platform consolidation with CrowdStrike.