Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike (NASDAQ: CRWD) has received a Provisional Authorization to Operate (P-ATO) at Impact Level 4 (IL-4), allowing it to deploy its Falcon cybersecurity platform to Department of Defense (DoD) and Defense Industrial Base customers. This milestone enhances CrowdStrike's investment in public sector cybersecurity. The company is also progressing towards DoD Impact Level 5 (IL-5) authorization. The Falcon platform is already utilized by 65 of the Fortune 100 and 15 top global banks, emphasizing its effectiveness in protecting against cyber threats.

CrowdStrike (Nasdaq: CRWD) and Mandiant (Nasdaq: MNDT) have announced a strategic partnership aimed at enhancing cybersecurity services for their joint customers. This alliance will integrate the CrowdStrike Falcon platform into Mandiant's services, bolstering breach investigation and response capabilities. As cyber threats become increasingly sophisticated, this collaboration seeks to combine advanced technologies and expert teams to better defend organizations.

CrowdStrike (NASDAQ: CRWD) recently announced a remarkable performance in the MITRE Engenuity ATT&CK Evaluations, achieving 100% prevention rates.

The company's Falcon platform demonstrated superior capabilities in stopping over 93% of attacker tactics, techniques, and procedures (TTPs), delivering comprehensive visibility, actionable alerts, and a unified approach to cybersecurity.

CrowdStrike Holdings (Nasdaq: CRWD) will conduct an investor briefing on April 7, 2022, at 1:00 p.m. PDT. The event will be held virtually and will feature presentations by key executives including George Kurtz (CEO), Burt Podbere (CFO), and Mike Sentonas (CTO). Investors can access the live webcast and replay through the ir.crowdstrike.com website. CrowdStrike is recognized as a leader in cybersecurity, offering a range of cloud-delivered solutions for endpoint protection and identity security.

CrowdStrike has been recognized as a Leader in the Forrester Wave™: Cybersecurity Incident Response Services, Q1 2022 report. The report highlighted CrowdStrike's Falcon platform for its superior incident response capabilities. Notably, the company received the highest scores across nine criteria, emphasizing its robust offerings in incident response and recovery. The 2022 CrowdStrike Global Threat Report indicated an 82% rise in ransomware-related leaks, underscoring the growing demand for expert cybersecurity support. This recognition positions CrowdStrike favorably in a competitive market.

Cloudflare (NYSE: NET) and CrowdStrike (NASDAQ: CRWD) announce an expansion of their partnership to enhance Zero Trust security solutions for businesses. The integration of Cloudflare's Zero Trust platform with CrowdStrike's Falcon Zero Trust Assessment (ZTA) aims to provide secure access and robust controls for users, regardless of their location. This collaboration addresses the challenges businesses face in adopting Zero Trust practices, leveraging CrowdStrike's threat intelligence and Cloudflare's global network capabilities.

CrowdStrike reported strong fourth-quarter and full-year financial results for fiscal 2022, ending January 31, 2022. Total revenue surged 63% year-over-year to $431 million, with subscription revenue rising by 66%. The company achieved a record net new ARR of $217 million and a total ARR of $1.73 billion, showing a 65% annual growth. Despite a net GAAP loss of $42 million, non-GAAP net income reached $70.4 million. Operating cash flow was a record $575 million for the year. For fiscal 2023, CrowdStrike projects revenues of $2.13 billion to $2.16 billion.

Humio, a CrowdStrike company, has set a new industry benchmark by achieving over one petabyte of daily log data ingestion, operating at 30 million events per second across 45 nodes with 96 cores each.

This represents a 10x increase in capacity from its previous record, illustrating Humio's capability for real-time observability and operational efficiency. Their platform offers substantial cost savings, with 80% reduction in infrastructure costs and 75% in operational costs compared to legacy vendors, enhancing IT performance and security.