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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 (NASDAQ: CRWD) has announced a strategic partnership with Hewlett Packard Enterprise (NYSE: HPE) to enhance end-to-end AI innovation security, including large language models (LLMs), in collaboration with NVIDIA. This integration combines the CrowdStrike Falcon cybersecurity platform with HPE GreenLake cloud and OpsRamp AIOps to unify IT and security teams. This alliance aims to secure AI workloads and applications by providing a unified service map view of attack surface security, leveraging full-stack observability and AI-driven insights. This partnership will also facilitate the adoption of generative AI from edge to datacenter to cloud.
CrowdStrike (NASDAQ: CRWD) achieved a new speed benchmark in MITRE Engenuity's ATT&CK® Evaluations: Managed Services-Round 2, detecting a sophisticated eCrime attack in just four minutes. The company's Falcon Complete MDR identified 98% of adversary techniques without prior knowledge of the threat scenario, outperforming competitors by 6 to 11 times in speed. The evaluation tested the detection-only capabilities of the Falcon platform, where no automated actions were allowed. CrowdStrike's performance highlights its cloud-native, AI-driven architecture, emphasizing swift and effective cybersecurity measures.
For more details, visit the company's blog or register for their CrowdCast on June 27.
Rubrik (NYSE: RBRK) announced its Q1 FY 2025 financial results, highlighting a 46% year-over-year increase in Subscription Annual Recurring Revenue (ARR) to $856.1 million and a 38% rise in total revenue to $187.3 million. The company expanded its customer base by 41% to 1,859 clients with $100K+ in Subscription ARR. Despite strong revenue growth, Rubrik reported a GAAP net loss per share of $(11.48), primarily due to $630.3 million in stock-based compensation tied to its IPO. The company closed its IPO in April 2024, raising net proceeds of $710.3 million. For FY 2025, Rubrik projects Subscription ARR between $983 million and $997 million, and revenue between $810 million and $824 million. However, the company anticipates a non-GAAP net loss per share of $(2.35) to $(2.25).
CrowdStrike (Nasdaq: CRWD) has been named a Leader in The Forrester Wave™: Cybersecurity Incident Response Services, Q2 2024. The report highlights the company's powerful CrowdStrike Falcon® platform and elite services team, which offer rapid investigation, adversary ejection, and breach impact limitation. CrowdStrike stands out for its capabilities in handling sophisticated nation-state-level threats, ongoing monitoring, and post-incident response. The company aims to enhance business continuity and regulatory compliance through a comprehensive response strategy. Chief Global Services Officer Tom Etheridge emphasized the combination of expert teams, advanced platform, and deep understanding of modern adversaries as key to effective incident response and future breach prevention.
CrowdStrike (Nasdaq: CRWD) announced that its AI-native Falcon® cybersecurity platform won five awards at the SC Awards Europe 2024, the most of any vendor this year. The platform was recognized for Best Cloud Security Solution, Best Endpoint Solution, Best AI Solution, Best Threat Intelligence Technology, and Best Incident Response Solution. CrowdStrike's Falcon platform offers comprehensive visibility, real-time detection, and reduces operational complexity, making it a preferred choice for cybersecurity consolidation. Jennifer Johnson, CrowdStrike's chief marketing officer, highlighted that these awards underscore the platform's ability to stop breaches, eliminate complexity, and drive significant cost savings.
CrowdStrike (NASDAQ: CRWD) announced the winners of its inaugural Americas Partner Awards at the Americas Partner Symposium in Southern California. The event brought together partners from North, South, and Latin America to enhance their CrowdStrike businesses and help customers reduce security expenses using the AI-native Falcon cybersecurity platform. The awards recognized exceptional contributions from regional and national partners in 2024. Notable winners included Amazon Web Services (AWS) as Partner of the Year, Blackwood as Champion Partner of the Year, and Deloitte as both Canada Partner of the Year and Global System Integrator of the Year. Amanda Adams, VP of Americas Alliances at CrowdStrike, highlighted the importance of the Falcon platform and partner expertise in achieving significant results for customers.
CrowdStrike (Nasdaq: CRWD) has launched Falcon for Insurability, a program that allows cyber insurers to offer companies advanced cyber protection from the AI-native CrowdStrike Falcon platform at preferred rates.
This initiative involves partners like Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber Risk Solutions, Coalition, and Resilience.
The program aims to reduce underwriting risks by enhancing cyber resilience and breach prevention. It helps insurers provide coverage to more businesses, requiring advanced cyber defenses to qualify for policies.
The Falcon platform enables organizations to detect 96% more threats and conduct investigations 66% faster than other vendors, significantly improving their cyber defense capabilities.
CrowdStrike (NASDAQ: CRWD) has been recognized as a Leader in The Forrester Wave™: Extended Detection and Response (XDR) Platforms, Q2 2024, receiving the highest possible scores in Vision, Innovation, and Roadmap categories. The report highlights CrowdStrike's ability to set a new standard in the XDR market through its latest platform release, which includes comprehensive and integrated cybersecurity measures. Notably, CrowdStrike has accelerated XDR adoption by offering native XDR capabilities free to all its EDR customers, enhancing security with advanced telemetry across endpoints, identity, cloud, and data protection. The company's focus on real-time detection and comprehensive visibility is emphasized as key to protecting critical assets against evolving threats.
CrowdStrike (Nasdaq: CRWD) announced its Q1 FY25 financial results, showcasing substantial growth. Total revenue increased by 33% YoY to $921 million, with subscription revenue rising by 34% to $872 million. The company's Annual Recurring Revenue (ARR) grew 33% YoY, reaching $3.65 billion. Net new ARR was $212 million, a 22% increase. CrowdStrike recorded a GAAP net income of $42.8 million, up from $0.5 million in Q1 FY24. Free cash flow was $322 million, 35% of revenue. The company also announced several strategic partnerships and product launches, including expansions with AWS and Google Cloud. For FY25, CrowdStrike projects revenue between $3.98 billion and $4.01 billion and non-GAAP net income per share of $3.93 to $4.03.
CrowdStrike (Nasdaq: CRWD) will partner with The Washington Post Live to present 'Securing Cyberspace: The global cyberthreat landscape in 2024' on June 6, 2024.
The event will feature key discussions with prominent figures such as Ambassador Nathaniel C. Fick, General (Ret.) Paul M. Nakasone, Kemba Walden, and CrowdStrike's own Drew Bagley.
Topics will focus on cybersecurity threats to U.S. national security, safeguarding critical infrastructure ahead of the 2024 elections, and ecosystem-level cybersecurity issues like concentration risk.
The detailed agenda includes sessions on healthcare defenses, the cyber ecosystem, next steps for ecosystem-level cybersecurity, and building a resilient future.
Learn more and register on The Washington Post's website.
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