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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 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.
CrowdStrike reported robust first-quarter fiscal 2022 results, with revenue soaring 70% year-over-year to $302.8 million. The company added $144 million in net new Annual Recurring Revenue (ARR), totaling $1.19 billion, marking a 74% increase. Subscription revenue reached $281.2 million, a 73% jump. Despite a GAAP net loss of $85 million, CrowdStrike generated record cash flow, with $147.5 million from operations. The company also highlighted the addition of 1,524 new subscription customers and positive guidance for Q2 and fiscal year 2022, indicating continued strong growth prospects.
CrowdStrike has announced the launch of new partner applications in the CrowdStrike Store and its availability in the EU Cloud, facilitating the purchase of security and IT applications. A global IT security survey commissioned by CrowdStrike highlighted significant challenges faced by IT teams, with 92% of respondents experiencing operational issues in security project implementations. Key survey findings include that 54% of respondents noted performance impacts when implementing security, and 82% believe that their security solutions could be more effective with shared data.
CrowdStrike has strengthened its alliance with Ernst & Young LLP, making CrowdStrike Falcon a preferred cybersecurity technology platform. This partnership aims to enhance global cybersecurity efforts, particularly in combating ransomware attacks. New joint offerings include Ransomware Readiness and Resilience, Incident Response, Recovery, and Zero Trust capabilities, expanding services into regions such as Australia, Belgium, and Brazil. The collaboration leverages real-time threat intelligence and response capabilities, enhancing business resiliency for enterprises worldwide.
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