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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 Holdings reported strong financial results for Q2 FY 2022, with total revenue reaching $337.7 million, a 70% year-over-year increase. The company achieved record net new ARR of $151 million, pushing its ending ARR to $1.34 billion, also up 70% year-over-year. Despite a GAAP loss from operations of $47.4 million, non-GAAP income from operations was $35.3 million. With strong customer growth and rising demand, CrowdStrike raised its full-year guidance, reflecting its robust market position and scalability.
CrowdStrike has been recognized as a leader in the IDC MarketScape for U.S. Managed Detection & Response Services, highlighting its Falcon Complete solution's strengths such as Breach Prevention Warranty and advanced threat hunting capabilities. The report evaluated 15 vendors, emphasizing Falcon Complete's comprehensive approach to security with 24/7 expert management. The growing demand for modern cybersecurity is noted, as well as CrowdStrike's significant achievements, including being ranked #1 for modern endpoint security revenue market share and leading various reputable assessments.
CrowdStrike Holdings, Inc. (Nasdaq: CRWD) will release its financial results for the fiscal second quarter of 2022 on August 31, 2021, after U.S. market close. A conference call will be held at 2:00 p.m. Pacific time to discuss these results, with dial-in access available. Investors can view the press release and listen to the webcast on the CrowdStrike website. The company specializes in cloud-delivered endpoint protection and utilizes AI technology to safeguard against cyberattacks.
CrowdStrike has launched Falcon X Recon+, a new managed solution designed to enhance threat detection and mitigation for organizations. This service combines the advanced capabilities of Falcon X Recon with CrowdStrike's expert intelligence team, focusing on monitoring and responding to external digital threats.
Key features include unmatched visibility into cybercriminal activity, proactive threat takedowns, and detailed monthly reports for clients. The service aims to alleviate the burden on internal security teams, allowing them to focus on core business operations while CrowdStrike manages their digital risk protection.
CrowdStrike has launched Falcon Complete for GovCloud, a FedRAMP-authorized platform providing managed detection and response (MDR) services tailored for government agencies. This solution addresses key cybersecurity priorities outlined in the Biden Administration's Executive Order, such as endpoint detection, incident management, and cloud prioritization. Notably, Falcon Complete leverages advanced AI and expert threat intelligence to protect against persistent threats. The platform aims to alleviate staffing challenges by offering 24/7 monitoring, which enhances the agility and effectiveness of public sector security teams.
CrowdStrike has been awarded the Go-to-Market Technology Partner of the Year Award at Zscaler’s 2021 ZenithLive Cloud Summit. This recognition emphasizes the effectiveness of CrowdStrike's cloud-native technology in securing endpoints and workloads in a remote work environment. The CrowdStrike Falcon platform delivers real-time threat prevention through AI-powered analytics and crowd-sourced telemetry. The partnership with Zscaler enhances identity and data-centric Zero Trust approaches, providing seamless security and improved operational efficiency across organizations.
CrowdStrike, a leader in cloud-delivered endpoint protection, has been ranked #1 for Modern Endpoint Security revenue market share in IDC's report. The report highlights a significant increase in security spending due to the COVID-19 pandemic, which escalated the need for enhanced endpoint detection and response capabilities. CrowdStrike's Falcon platform utilizes machine learning and crowdsourced data, protecting a wide range of customers while continuously improving its services. The company has also earned recognition in the 2021 Gartner Magic Quadrant and Critical Capabilities reports.
CrowdStrike Holdings (Nasdaq: CRWD) will present at two virtual investor conferences in June 2021. The Baird 2021 Global Consumer, Technology & Services Conference is scheduled for June 9 at 9:15 a.m. PDT, followed by the BofA Securities 2021 Global Technology Conference on June 10 at 10:45 a.m. PDT. Both presentations will be webcast live and archived on CrowdStrike's investor relations website.
CrowdStrike specializes in cloud-delivered endpoint and workload protection, utilizing AI through its Falcon® platform to defend against cyberattacks.
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