Crowdstrike Holdings - CRWD STOCK NEWS

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) will present at several investor conferences on June 7-8, 2022. Notably, they will participate in the Baird 2022 Global Consumer, Technology & Services Conference in New York City at 3:10 p.m. EDT and the BofA Securities 2022 Global Technology Conference in San Francisco at 1:35 p.m. PDT, both on June 7. Additionally, they will speak at the Stifel 2022 Cross Sector Insight Conference in Boston at 8:35 a.m. EDT on June 8. Live webcasts of these presentations will be available on their investor relations website.

CrowdStrike reported impressive financial results for Q1 FY2023, with total revenue soaring to $487.8 million, up 61% year-over-year. Annuity Revenue (ARR) reached $1.92 billion, marking a 61% growth, including $190 million in net new ARR. Cash flow from operations was a record $215 million, while free cash flow increased to $158 million. The company raised its revenue and profit guidance for FY2023, reflecting its strong market position and growth potential amidst an expanding customer base.

CrowdStrike (Nasdaq: CRWD) has announced the launch of its Falcon Identity Threat Protection module tailored for U.S. public sector organizations, now available in the GovCloud-1 environment. This product supports Federal Risk and Authorization Management Program (FedRAMP) standards and addresses identity-based threats, crucial for federal and state agencies. The integration facilitates multi-factor authentication and ensures visibility of identity infrastructures, aligning with the Zero Trust Architecture principles highlighted in the White House's Executive Order on cybersecurity.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD) will announce its fiscal Q1 2023 financial results on June 2, 2022, post U.S. market close. A conference call will take place at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Investors can access the press release and live webcast via the CrowdStrike Investor Relations website. A telephonic replay will be available until June 9, 2022, and an audio webcast replay will be accessible for one year. CrowdStrike specializes in cloud-delivered cybersecurity solutions for endpoints and workloads.

CrowdStrike (NASDAQ: CRWD) has enhanced its Falcon platform by introducing new capabilities for its Cloud Native Application Protection Platform (CNAPP). These updates aim to boost threat hunting and reduce response times in cloud environments, integrating features from Falcon Horizon and Falcon Cloud Workload Protection (CWP). Key improvements include a centralized console, automated remediation workflows for AWS, and enhanced security measures for Azure and Google Cloud. The adversary-focused approach provides comprehensive visibility and can help organizations secure their multi-cloud infrastructures. The new features will be available to customers in May.

CrowdStrike (Nasdaq: CRWD) has been recognized by the German Federal Office for Information Security (BSI) as a qualified provider of Advanced Persistent Threat (APT) response services. This endorsement positions CrowdStrike among elite security service providers and enhances its credibility in Germany's cybersecurity landscape. The evaluation involved a rigorous two-stage assessment, confirming CrowdStrike's compliance and expertise. This recognition follows CrowdStrike's recent Impact Level 4 authorization from the U.S. Defense Information Systems Agency, paving the way for growth in the public sector.

CrowdStrike (Nasdaq: CRWD) has opened applications for its 2022-23 NextGen Scholarship Program, offering up to eight scholarships of $10,000 to students majoring in cybersecurity or artificial intelligence. This initiative, established in 2017, aims to foster talent in critical fields. To date, CrowdStrike has awarded over $165,000 to 24 recipients across the U.S. and Canada. Applicants must meet GPA criteria and demonstrate interest in the field. The application deadline is June 2, 2022.