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CrowdStrike Holdings, Inc. (symbol: CRWD) is a premier player in the field of cloud-delivered cybersecurity solutions. Founded in 2011 and headquartered in Texas, CrowdStrike has distinguished itself by offering next-generation endpoint protection. The company's flagship product, the Falcon platform, provides a comprehensive, single-pane-of-glass view for enterprises to detect and respond to security threats effectively.
CrowdStrike has revolutionized cybersecurity by being the first and only company to unify next-generation antivirus (AV), endpoint detection and response (EDR), and a 24/7 managed hunting service—all through a single lightweight agent. This trifecta of services ensures robust protection against sophisticated threats and breaches.
The company boasts a diverse clientele that includes three of the 10 largest global companies by revenue, five of the top 10 financial institutions, three of the top 10 healthcare providers, and three of the top 10 energy companies. These partnerships attest to CrowdStrike's reliability and efficacy in the cybersecurity domain.
In 2019, CrowdStrike went public, marking a significant milestone in its journey. Since then, the company has continued to expand its offerings and improve its Falcon platform with cutting-edge features and capabilities. CrowdStrike's financial performance has reflected its growth trajectory, showing strong revenue growth and increased market adoption.
Explore more about CrowdStrike's innovations, partnerships, and services by visiting their official website or following them on Twitter. Stay updated with the latest developments through their blog.
CrowdStrike announced the appointment of Jennifer Johnson as its new Chief Marketing Officer, bringing over 20 years of experience in software marketing, particularly in cybersecurity. Johnson previously held leadership roles at Tenable (NASDAQ: TENB) and Amplitude (NASDAQ: AMPL), helping both companies through successful public offerings. Under her guidance, CrowdStrike aims to enhance brand awareness and global communications as it continues its impressive growth, having recently crossed $500 million in quarterly revenue and added a record 1,741 new subscription customers.
CrowdStrike Holdings (Nasdaq: CRWD) will host an investor briefing on September 20, 2022, at 1:00 PM PDT during the Fal.Con 2022 customer conference in Las Vegas. The event will feature CrowdStrike management, customers, partners, and industry experts discussing the company’s technology and vision for the future of cybersecurity. Due to limited space, pre-registration is required for analysts and investors. A live webcast of the briefing will be available on CrowdStrike's investor relations page.
The latest CrowdStrike Falcon OverWatch threat hunting report reveals a 50% year-over-year rise in hands-on intrusion attempts, with over 77,000 potential intrusions identified. The report indicates a significant decrease in breakout time for eCrime adversaries, now one hour and 24 minutes. The data shows that 43% of interactive intrusions are eCrime-related, with 71% of all detections being malware-free. The report highlights technology as the top targeted industry, and healthcare facing a surge in ransomware attempts.
CrowdStrike reported strong Q2 fiscal 2023 results, with total revenue of $535.2 million, a 58% increase year-over-year. Ending Annual Recurring Revenue (ARR) grew 59% to $2.14 billion, with a record $218 million in net new ARR. Cash flow from operations surged 94% to $210 million, while free cash flow grew 84% to $136 million. The company added 1,741 new subscription customers, achieving a total of 19,686 customers. CrowdStrike raised its full-year guidance, reflecting strong growth potential in cybersecurity.
CrowdStrike (Nasdaq: CRWD) has launched the industry's first AI-powered Indicators of Attack (IoAs) on its Falcon platform, enhancing threat detection and response capabilities. These AI-driven IoAs enable organizations to quickly identify new attack vectors, leveraging advanced machine learning and real-world threat intelligence. The new innovations also include improved fileless attack prevention and enhanced visibility for cloud intrusions. With these updates, CrowdStrike aims to bolster cybersecurity defenses against increasingly sophisticated threats.
CrowdStrike Holdings (NASDAQ: CRWD) is set to release its financial results for the fiscal second quarter of 2023, ending July 31, 2022. The announcement comes after the U.S. market closes on August 30, 2022. A conference call will take place at 2:00 p.m. Pacific Time to discuss the results. Interested parties can pre-register for the call via a provided link and access the live webcast through the company's investor relations page. CrowdStrike is recognized for its advanced cybersecurity solutions delivered via the CrowdStrike Falcon platform.
CrowdStrike (Nasdaq: CRWD) announced enhancements to its Cloud Native Application Protection Platform (CNAPP) at AWS re:Inforce 2022. These updates include support for Amazon ECS, expanded image registry scanning for eight new container registries, and new Software Composition Analysis (SCA) capabilities. The aim is to help DevSecOps teams improve security and visibility in AWS environments. Customers can identify vulnerabilities before deployment, reinforcing CrowdStrike's position as a leader in cloud security.
CrowdStrike has launched Falcon OverWatch Cloud Threat Hunting, the first standalone service focused on detecting advanced threats in cloud environments. This service provides organizations with continuous threat hunting expertise without significant overhead costs. The offering addresses growing security challenges due to the rapid adoption of cloud-native architectures, which have expanded attack surfaces. Falcon OverWatch combines human intelligence with advanced technology to protect against sophisticated cloud threats across major platforms like AWS, GCP, and Azure.
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