Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike has been recognized as the top provider for endpoint security by G2, PeerSpot, and TrustRadius. The company's Falcon platform excelled in Endpoint Detection and Response (EDR), Endpoint Protection Platform (EPP), and eXtended Detection and Response (XDR) categories. Notably, CrowdStrike ranked #1 on G2 in multiple segments and received numerous accolades including the 2022 PeerSpot Gold PeerAward in both EDR and EPP categories.

CrowdStrike Holdings (Nasdaq: CRWD), a leader in cybersecurity, will present at the Barclays Global Technology, Media & Telecommunications Conference in San Francisco on December 8, 2022, at 11:35 a.m. PST. George Kurtz, CEO, and Burt Podbere, CFO, will represent the company. The presentation will be available via live webcast on the company’s investor relations website. CrowdStrike is known for its innovative Falcon platform, providing advanced cloud-based security for endpoints and cloud workloads.

CrowdStrike Holdings reported a 53% year-over-year revenue increase, reaching $580.9 million, with a subscription revenue of $547.4 million. Annual Recurring Revenue (ARR) rose 54% to $2.34 billion. The company achieved record cash flows: $243 million from operations and $174 million in free cash flow. Despite strong results, total net new ARR fell below expectations due to macroeconomic challenges. The firm anticipates Q4 FY23 revenue between $619.1 and $628.2 million.

CrowdStrike (CRWD) has been recognized as a Leader in Frost & Sullivan’s inaugural Frost Radar report for Cloud-Native Application Protection Platform (CNAPP). The report highlights CrowdStrike as one of the fastest-growing cloud security vendors. Its CNAPP solution, which combines agent-based and agentless capabilities, ensures organizations can effectively detect and prevent cloud misconfigurations. Additionally, CrowdStrike's managed service offerings, including Falcon OverWatch Cloud Threat Hunting, contribute to its competitive edge. This recognition validates the company's growth strategy in the cloud security sector.

CrowdStrike, a leader in cloud-delivered cybersecurity, has been recognized as a winner of the 2022 CRN Tech Innovator Awards for its Cloud Native Application Protection Platform (CNAPP). This recognition highlights CrowdStrike's agent-based and agentless solutions for comprehensive cloud security, providing improved visibility, compliance, and threat intelligence. The awards celebrate technology vendors making significant impacts in digital transformation, underlining the importance of innovative products in the IT space.

CrowdStrike (NASDAQ: CRWD) announced its impressive performance in the inaugural MITRE Engenuity ATT&CK Evaluations, achieving 99% detection coverage of adversary behavior from 16 evaluated vendors. The CrowdStrike Falcon platform identified 75 out of 76 adversary techniques related to the Iranian government-aligned group, OilRig. The evaluation showcased the platform's Managed Detection and Response service, which provides rapid identification and response capabilities. The results reaffirm CrowdStrike's leadership in EDR/XDR solutions, emphasizing its effectiveness and ease of use for organizations globally.

CrowdStrike Holdings, Inc. (CRWD) will release its fiscal Q3 2023 financial results on November 29, 2022, after market close. A conference call will follow at 2:00 PM PT (5:00 PM ET) to discuss the results. Investors can pre-register for the call online to receive dial-in information. The company, a leader in cybersecurity, specializes in cloud-delivered endpoint protection powered by its Falcon platform. More information is available on the CrowdStrike investor relations website.

CrowdStrike (NASDAQ: CRWD) announced that its CrowdStrike Falcon platform achieved a AAA rating in SE Labs’ inaugural Enterprise Advanced Security Ransomware test. The platform successfully detected and blocked 100% of ransomware files during rigorous testing with 270 variations and complex attacks. With an 82% increase in ransomware data leaks reported, the need for CrowdStrike's protection is critical. The Falcon platform's machine learning capabilities enhance threat detection and prevention, solidifying the company's market dominance.

CrowdStrike (NASDAQ: CRWD) and EY have expanded their alliance to enhance DevSecOps by integrating CrowdStrike Cloud Security and Falcon LogScale services. This partnership aims to assist global clients in fortifying their cloud security and observability capabilities. Notable benefits include secure migration to the cloud, risk reduction for crucial workloads, and improved incident response times. The new offerings are now available to customers, helping organizations tackle emerging cyber threats more effectively.