Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike (Nasdaq: CRWD) has launched Falcon for Insurability, a program that allows cyber insurers to offer companies advanced cyber protection from the AI-native CrowdStrike Falcon platform at preferred rates.

This initiative involves partners like Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber Risk Solutions, Coalition, and Resilience.

The program aims to reduce underwriting risks by enhancing cyber resilience and breach prevention. It helps insurers provide coverage to more businesses, requiring advanced cyber defenses to qualify for policies.

The Falcon platform enables organizations to detect 96% more threats and conduct investigations 66% faster than other vendors, significantly improving their cyber defense capabilities.

CrowdStrike (NASDAQ: CRWD) has been recognized as a Leader in The Forrester Wave™: Extended Detection and Response (XDR) Platforms, Q2 2024, receiving the highest possible scores in Vision, Innovation, and Roadmap categories. The report highlights CrowdStrike's ability to set a new standard in the XDR market through its latest platform release, which includes comprehensive and integrated cybersecurity measures. Notably, CrowdStrike has accelerated XDR adoption by offering native XDR capabilities free to all its EDR customers, enhancing security with advanced telemetry across endpoints, identity, cloud, and data protection. The company's focus on real-time detection and comprehensive visibility is emphasized as key to protecting critical assets against evolving threats.

CrowdStrike (Nasdaq: CRWD) announced its Q1 FY25 financial results, showcasing substantial growth. Total revenue increased by 33% YoY to $921 million, with subscription revenue rising by 34% to $872 million. The company's Annual Recurring Revenue (ARR) grew 33% YoY, reaching $3.65 billion. Net new ARR was $212 million, a 22% increase. CrowdStrike recorded a GAAP net income of $42.8 million, up from $0.5 million in Q1 FY24. Free cash flow was $322 million, 35% of revenue. The company also announced several strategic partnerships and product launches, including expansions with AWS and Google Cloud. For FY25, CrowdStrike projects revenue between $3.98 billion and $4.01 billion and non-GAAP net income per share of $3.93 to $4.03.

CrowdStrike (Nasdaq: CRWD) will partner with The Washington Post Live to present 'Securing Cyberspace: The global cyberthreat landscape in 2024' on June 6, 2024.

The event will feature key discussions with prominent figures such as Ambassador Nathaniel C. Fick, General (Ret.) Paul M. Nakasone, Kemba Walden, and CrowdStrike's own Drew Bagley.

Topics will focus on cybersecurity threats to U.S. national security, safeguarding critical infrastructure ahead of the 2024 elections, and ecosystem-level cybersecurity issues like concentration risk.

The detailed agenda includes sessions on healthcare defenses, the cyber ecosystem, next steps for ecosystem-level cybersecurity, and building a resilient future.

Learn more and register on The Washington Post's website.

CrowdStrike and Cloudflare (NYSE: NET) announced an expanded strategic partnership aimed at enhancing cybersecurity from device to network. This alliance integrates Cloudflare's Zero Trust protection from Cloudflare One™ with CrowdStrike Falcon®'s AI-native cybersecurity platform. The collaboration aims to simplify vendor management, reduce costs, and operational complexity for global customers. This partnership targets the increasing sophistication of cyber threats, providing a robust, holistic security approach for organizations. The integration offers a single API for seamless security management, enhancing threat detection and response across endpoints, cloud, identity, data, and applications.

CrowdStrike and eSentire have announced an expanded partnership to enhance global threat protection. eSentire will integrate CrowdStrike's AI-native Falcon cybersecurity platform into its managed security operations, taking over protection of Carbon Black customer accounts. This partnership aims to address the increasing velocity of cyberattacks and the growing cybersecurity skills gap by consolidating vendor solutions and enhancing threat intelligence, protection, and value. eSentire's 24/7 Managed Detection and Response (MDR) will leverage CrowdStrike's capabilities across Endpoint Detection and Response, Identity Threat Detection, Intelligence, Threat Hunting, Cloud Security, and Next-Gen SIEM. The collaboration seeks to provide customers with advanced managed protection to stop breaches.

CrowdStrike (Nasdaq: CRWD) has announced an expanded distribution partnership with Ignition Technology to bring the AI-native CrowdStrike Falcon cybersecurity platform to Denmark, Sweden, Norway, Finland, and Iceland. The collaboration aims to drive vendor consolidation and enhance security solutions within Ignition's Nordic partner network.

The partnership builds on successful market traction in the UK and seeks to address customer challenges by simplifying cybersecurity and reducing costs. Ignition's channel development expertise and partner network will aid in the rapid adoption of the Falcon platform across key attack surfaces, aiming to transform cybersecurity in the region.

Daniel Bernard, Chief Business Officer at CrowdStrike, emphasized the importance of strategic partnerships to scale their go-to-market approach, while Mikko Vaajamo, CEO of Ignition Technology Northern Europe, noted the Falcon platform's ability to consolidate and simplify cybersecurity for clients.

CrowdStrike recently announced the winners of its annual Europe Partner Awards at the CrowdStrike Partner Symposium in Venice, Italy. This event brought together top regional partners to strategize on scaling businesses, consolidating security spend, and stopping breaches using the AI-powered CrowdStrike Falcon® XDR platform.

The awards recognize the outstanding contributions of regional partners in the previous year. Awardees include BT, Henning Dey from PMCS, Exaprobe, Kudelski Security, Computacenter GmbH, Telefonica Tech Spain, Softcat, and AWS.

John Taylor, VP of Alliances, Europe at CrowdStrike, emphasized the importance of the Falcon platform and partner expertise in achieving exceptional results for joint customers. CrowdStrike aims to continue expanding its market presence in Europe and globally.

CrowdStrike and Google Cloud have announced a strategic partnership to enhance cybersecurity services utilizing AI technology to combat cloud intrusions and modern threats. The collaboration aims to provide a holistic security solution for customers across multi-cloud environments.