CrowdStrike Holdings, Inc. - CRWD STOCK NEWS

CrowdStrike has been recognized as a Leader in the Forrester Wave™: Cybersecurity Incident Response Services, Q1 2022 report. The report highlighted CrowdStrike's Falcon platform for its superior incident response capabilities. Notably, the company received the highest scores across nine criteria, emphasizing its robust offerings in incident response and recovery. The 2022 CrowdStrike Global Threat Report indicated an 82% rise in ransomware-related leaks, underscoring the growing demand for expert cybersecurity support. This recognition positions CrowdStrike favorably in a competitive market.

Cloudflare (NYSE: NET) and CrowdStrike (NASDAQ: CRWD) announce an expansion of their partnership to enhance Zero Trust security solutions for businesses. The integration of Cloudflare's Zero Trust platform with CrowdStrike's Falcon Zero Trust Assessment (ZTA) aims to provide secure access and robust controls for users, regardless of their location. This collaboration addresses the challenges businesses face in adopting Zero Trust practices, leveraging CrowdStrike's threat intelligence and Cloudflare's global network capabilities.

CrowdStrike reported strong fourth-quarter and full-year financial results for fiscal 2022, ending January 31, 2022. Total revenue surged 63% year-over-year to $431 million, with subscription revenue rising by 66%. The company achieved a record net new ARR of $217 million and a total ARR of $1.73 billion, showing a 65% annual growth. Despite a net GAAP loss of $42 million, non-GAAP net income reached $70.4 million. Operating cash flow was a record $575 million for the year. For fiscal 2023, CrowdStrike projects revenues of $2.13 billion to $2.16 billion.

Humio, a CrowdStrike company, has set a new industry benchmark by achieving over one petabyte of daily log data ingestion, operating at 30 million events per second across 45 nodes with 96 cores each.

This represents a 10x increase in capacity from its previous record, illustrating Humio's capability for real-time observability and operational efficiency. Their platform offers substantial cost savings, with 80% reduction in infrastructure costs and 75% in operational costs compared to legacy vendors, enhancing IT performance and security.

The Critical Infrastructure Defense Project is a collaborative initiative by Cloudflare (NYSE: NET), CrowdStrike (NASDAQ: CRWD), and Ping Identity (NYSE: PING) to offer free cybersecurity services to U.S. hospitals and utilities. This project aims to enhance defenses against rising cyber threats amid the geopolitical landscape, particularly following heightened risks like the Russian invasion of Ukraine. Eligible organizations will gain access to a suite of Zero Trust solutions, endpoint protection, and tailored security roadmaps to bolster their cybersecurity measures.

CrowdStrike (Nasdaq: CRWD) has launched Falcon Identity Threat Protection Complete, the first fully-managed identity protection solution. This initiative addresses the rising threat of identity-based cyberattacks, which now account for nearly 80% of all cyberattacks, according to the 2022 CrowdStrike Global Threat Report. The solution integrates identity monitoring and expert management, enabling organizations to swiftly stop identity-driven attacks and reduce their attack surfaces. The service is now generally available.

CrowdStrike (NASDAQ: CRWD) released its 2022 Global Threat Report, revealing an alarming 82% increase in ransomware-related data leaks, with 2,686 attacks recorded in 2021. The report introduced new adversaries, WOLF from Turkey and OCELOT from Colombia, and highlighted that eCrime activity constituted 49% of intrusion attempts. Additionally, adversaries are evolving tactics, with 62% of recent detections being malware-free. The report emphasizes the ongoing threat of nation-state actors like Russia, Iran, and China, prompting businesses to enhance their security strategies.

CrowdStrike (Nasdaq: CRWD) has launched the Falcon XDR module, enhancing its endpoint detection and response (EDR) capabilities. This new service improves threat visibility and simplifies security operations, aiming to accelerate response time to complex cyberattacks. By unifying detection data from various sources, Falcon XDR empowers security teams to operate more efficiently. The module offers features like centralized alert prioritization and real-time automation through Falcon Fusion. Analysts believe this positions CrowdStrike for significant growth as the demand for XDR solutions increases in the cybersecurity market.

CrowdStrike Holdings (Nasdaq: CRWD) will release its financial results for the fourth quarter and fiscal year 2022 on March 9, 2022, after market close. A conference call is scheduled for 2:00 p.m. PT to discuss these results. Investors can access the live webcast on the CrowdStrike website. A replay will be available until March 16, 2022. CrowdStrike provides endpoint and cloud workload protection, leveraging AI to guard against cyberattacks.