CrowdStrike Holdings, Inc. - CRWD STOCK NEWS

CrowdStrike (NASDAQ: CRWD) has secured the top position on the 2021 Fortune Future 50 list, highlighting its potential for long-term growth through innovation. The assessment evaluated over 1,000 companies based on factors predicting growth over five years. CrowdStrike is recognized for transforming the security industry with its cloud-native Falcon platform, providing superior protection against cyber threats. This honor underscores the company's solid workplace culture and commitment to ongoing innovation.

CrowdStrike has achieved a remarkable milestone by being recognized by Gartner as the 'Customers’ Choice' in the Endpoint Protection Platforms category for the third consecutive year. The company's Falcon® platform received the highest customer satisfaction rating, with a 98% willingness to recommend from users across various sectors. CrowdStrike also scored 4.8 out of 5 in product capabilities, deployment experience, support experience, and sales experience, reflecting its commitment to innovation and customer-centric solutions.

CrowdStrike reported strong third-quarter results for fiscal 2022, ending October 31, 2021, with total revenue of $380.1 million, up 63% year-over-year. Subscription revenue reached $357.0 million, a 67% increase. Annual Recurring Revenue (ARR) surged 67% to surpass $1.5 billion, including $170 million in net new ARR. The company added 1,607 new subscription customers, marking 75% growth year-over-year. Despite a GAAP net loss of $50.5 million, non-GAAP net income grew to $41.1 million. CrowdStrike raised its fiscal 2022 guidance, projecting total revenue between $1.427 billion and $1.433 billion.

CrowdStrike (Nasdaq: CRWD) has been selected by the Cybersecurity and Infrastructure Security Agency (CISA) to enhance its mission of securing U.S. federal networks under Executive Order 14028. This partnership involves utilizing CrowdStrike's cloud-native Falcon platform to improve cybersecurity across multiple federal agencies. The collaboration will strengthen the Continuous Diagnostics and Mitigation program, facilitating better threat detection and response capabilities. Additionally, CrowdStrike is an initial partner in CISA’s Joint Cyber Defense Collaborative, aimed at enhancing national cybersecurity through improved collaboration.

CrowdStrike (NASDAQ: CRWD) has announced new product integrations and certifications to enhance security across Amazon Web Services (AWS). These updates include EKS Anywhere Support for improved breach protection and AWS Outposts Launch Partner status to provide a unified security experience. Customers can benefit from faster threat detection and access to Humio for observability. AWS Well Architected ISV Certification has also been achieved, showcasing adherence to AWS best practices, enabling better security and performance outcomes.

CrowdStrike Holdings (CRWD) has successfully acquired SecureCircle, a SaaS-based cybersecurity company. This acquisition enhances CrowdStrike's Zero Trust capabilities, enabling protection of data at the endpoint level. The integration of SecureCircle's technology allows for frictionless deployment and management without disrupting user workflows. Key personnel from SecureCircle, including co-founders Jeff Capone and Artem Tsai, will join CrowdStrike's team. This strategic move aims to modernize data protection and strengthen CrowdStrike's position in the cybersecurity market.

CrowdStrike Holdings (Nasdaq: CRWD) will participate in several virtual investor conferences in December 2021 and January 2022. Key events include the 5th Annual Virtual Wells Fargo TMT Summit on December 2, at 1:40 p.m. PST, the UBS Global TMT Virtual Conference on December 6, at 10:00 a.m. PST, and the Barclays Global Technology, Media and Telecommunications Conference on December 8, at 11:25 a.m. PST. Additionally, the 24th Annual Needham Virtual Growth Conference is scheduled for January 13, 2022, at 9:30 a.m. PST. All presentations will be webcast live and archived on the company's investor relations website.

CrowdStrike (Nasdaq: CRWD), a leader in cloud-delivered cybersecurity, has been recognized as one of the fastest growing companies in North America by the Deloitte Technology Fast 500. This accolade highlights CrowdStrike's significant growth rates despite its large revenue base, showcasing its ability to expand its customer base and maintain a high market valuation. The Falcon platform is noted for its innovation in security solutions, enabling rapid deployment and comprehensive protection across various workloads and endpoints.