CrowdStrike Holdings, Inc. - CRWD STOCK NEWS

CrowdStrike Holdings (Nasdaq: CRWD) reported strong financial results for Q4 and fiscal year 2021, ending January 31, 2021. The company achieved total revenue of $264.9 million, up 74% year-over-year, with subscription revenue rising 77% to $244.7 million. Annual Recurring Revenue (ARR) reached $1.05 billion, reflecting a 75% growth. Despite a GAAP net loss of $19.0 million, non-GAAP net income was $31.6 million. CrowdStrike's cash flow from operations hit $114.5 million, underscoring operational strength.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD) has completed the acquisition of Humio, a cloud log management provider, for approximately $392 million, which includes $352 million in cash and $40 million in stock and options. This strategic move aims to enhance CrowdStrike’s cloud security capabilities and improve data ingestion and analysis for customers. The integration of Humio is expected to accelerate the development of CrowdStrike’s XDR capabilities and redefine industry standards.

CrowdStrike announces enhancements to its Falcon® platform that improve SOC efficiency, empowering security teams to prioritize against cyber threats. New features include automated notification workflows and Real Time Response (RTR) capabilities, which streamline incident responses. The upgrades offer UI improvements and enable SOCs to visualize detections linked to incidents. CrowdStrike aims to minimize alert fatigue through automation and tailored notifications, enhancing security operations and response times. These developments align with the 1/10/60 response rule for effective threat management.

CrowdStrike has expanded its Cloud Security Posture Management (CSPM) and Cloud Workload Protection (CWP) for the Falcon platform, enhancing security for cloud workloads and applications throughout their lifecycle. The new capabilities target vulnerabilities in multi-cloud environments, ensuring compliance and visibility for Azure Active Directory. Additionally, the advanced CWP features provide comprehensive container security, identifying threats early and during runtime. With increased adoption of cloud technologies predicted by Gartner, CrowdStrike aims to offer robust security solutions that support DevSecOps without hindering production cycles.

CrowdStrike has released the 2021 Global Threat Report, revealing critical insights into the cybersecurity landscape, including the rise of supply chain attacks, ransomware, and nation-state threats. The report highlights that eCrime attacks accounted for 79% of all intrusions. Key findings include a projected increase in attacks on the healthcare sector and a focus by China on supply chain compromises. CrowdStrike has also introduced an eCrime index to capture the evolving cybercriminal market.

CrowdStrike (Nasdaq: CRWD) has announced its acquisition of Humio for approximately $400 million, aimed at enhancing its eXtended Detection and Response (XDR) capabilities. The acquisition is expected to close in CrowdStrike's fiscal first quarter, pending customary conditions. This move will allow CrowdStrike to integrate Humio’s advanced log management technology, enabling deeper analytics and real-time protection. It highlights CrowdStrike's commitment to providing comprehensive security solutions by improving data ingestion and operational efficiency.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD) will release its financial results for the fourth quarter and fiscal year 2021, ending January 31, 2021, after U.S. market close on March 16, 2021. The company will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss these results. Investors can access the financial results press release and listen to the call live via the CrowdStrike website. A telephonic replay will be available until March 23, 2021, and an audio webcast will be accessible for one year.

CrowdStrike Holdings has priced an offering of $750 million in senior notes due 2029. The offering, expected to close on January 20, 2021, will yield approximately $740.6 million net proceeds for general corporate purposes, including acquisitions and capital expenditures. The notes carry a semi-annual interest rate of 3.000% and are guaranteed by CrowdStrike's subsidiaries. J.P. Morgan and other major banks are the lead bookrunners. The press release includes forward-looking statements subject to risks and uncertainties, including market conditions.