CrowdStrike Listed on the S&P 500
CrowdStrike (Nasdaq: CRWD) has been added to the S&P 500 Index, becoming the fastest cybersecurity company to achieve this milestone. This inclusion reflects CrowdStrike's innovation and leadership in the cybersecurity industry, primarily driven by its AI-powered Falcon platform. Since its 2019 IPO, CrowdStrike has shown significant growth, reaching over $3 billion in Annual Recurring Revenue (ARR) in Q3 FY2024, with a record-ending ARR of $3.65 billion, up 33% year-over-year. CEO George Kurtz emphasized CrowdStrike's mission to protect customers and stop breaches through its cloud-native, AI-driven solutions.
- CrowdStrike added to the S&P 500 Index, the fastest cybersecurity company to achieve this.
- Achieved over $3 billion in Annual Recurring Revenue (ARR) in Q3 FY2024.
- Record-ending ARR of $3.65 billion, a 33% year-over-year increase.
- Continuous innovation with an AI-powered, cloud-native Falcon platform.
- None.
Insights
Inclusion in the S&P 500 marks a significant milestone for CrowdStrike, as this index is one of the most widely followed benchmarks in the world. This achievement indicates the company's substantial growth and stability, which can attract more institutional investors due to the enhanced credibility and visibility. Annual Recurring Revenue (ARR) of
From a valuation standpoint, inclusion in the S&P 500 often correlates with increased demand for the stock as index funds and ETFs that track the S&P 500 will need to purchase shares. This can provide a short-term uplift in stock price. However, investors should remain cautious of potential volatility as the stock adjusts to its new status.
CrowdStrike’s innovative use of AI and cloud-native architecture in cybersecurity sets it apart from traditional security firms. The Falcon platform’s AI capabilities enable real-time threat detection and response, which is critical in today’s rapidly evolving threat landscape. The fact that CrowdStrike is the fastest cybersecurity company to join the S&P 500 underscores the effectiveness and market acceptance of their technology solutions.
The focus on AI and cloud-native solutions resonates with current trends in the tech industry, where the need for scalable and intelligent cybersecurity solutions is paramount. For retail investors, it’s worth noting that CrowdStrike's technological advancements contribute to its competitive edge and could drive sustained long-term growth, especially as cybersecurity threats continue to grow.
The cybersecurity market is expected to continue its rapid growth, driven by increasing digital transformation and the proliferation of cyber threats. CrowdStrike’s inclusion in the S&P 500 and its rapid growth reflects a well-positioned strategy in a high-demand market. The company's focus on a unified, AI-driven platform caters to a wide range of clients, from small businesses to large enterprises, enhancing its market reach.
For retail investors, understanding CrowdStrike’s market positioning can provide insights into its potential for future growth. Their pioneering approach in leveraging AI and cloud-native technologies can be a significant differentiator in an increasingly crowded market, potentially leading to increased market share and revenue streams.
Fastest cybersecurity company to join the benchmark stock index, demonstrating leadership in revolutionizing cybersecurity
CrowdStrike's inclusion in the S&P 500 reflects its track record of industry leadership and innovation, transforming cybersecurity with AI through a single platform that stops breaches. CrowdStrike brought SaaS cybersecurity to the cloud, natively built the Falcon platform with AI from the start and has consistently delivered hyper growth results since its blockbuster 2019 IPO.
In Q3 FY2024, CrowdStrike achieved over
“We founded CrowdStrike on the belief that the future of security would be driven by AI and a cloud-native architecture that could collect data at scale. We built the first cybersecurity platform, born in the cloud, AI-native, with a single, intelligent sensor that forever changed what organizations expect from modern security,” said George Kurtz, CEO and Founder, CrowdStrike. “From day one, the CrowdStrike team has been steadfast in our mission to protect customers and stop breaches. This mission endures, serving as our north star on the path to sustained impact today and well into our future.”
Supporting Quotes:
Marc Benioff, Chair and CEO, Salesforce: "Just as Salesforce created the SaaS model that revolutionized business operations, CrowdStrike has transformed how cybersecurity is delivered and experienced. CrowdStrike is a critical cybersecurity partner, allowing us to consolidate multiple products on the Falcon platform. CRM is Salesforce. Cybersecurity is CrowdStrike."
Matt Garman, CEO, AWS: "CrowdStrike's inclusion in the S&P 500 is a well-deserved milestone that underscores their pioneering work in cybersecurity. CrowdStrike is a trusted AWS customer and partner, and we have a long history of working together to secure sensitive data and workloads for the world's most innovative and highly regulated organizations, from startups to enterprises to governments. Congratulations to the CrowdStrike team on this significant achievement."
Toto Wolff, Team Principal & CEO, Mercedes-AMG Petronas Formula One Team: "In car production and motorsport, speed, quality and consistency are key to success. Working closely with George Kurtz and the CrowdStrike team, I couldn’t be prouder of the cybersecurity outcomes they deliver. Stopping breaches requires extreme speed, and that’s exactly what the AI-native Falcon platform delivers. Congratulations to CrowdStrike on reaching the exclusive S&P 500 list."
About CrowdStrike
CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.
Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.
Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.
CrowdStrike: We stop breaches.
Learn more: https://www.crowdstrike.com/
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© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240623781335/en/
Jake Schuster
CrowdStrike Corporate Communications
press@crowdstrike.com
Source: CrowdStrike
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