CrowdStrike Shares Run Up Heading Into First Quarter Earnings Report

on Friday closed at a new record level of $351.47. So far this month, the stock has advanced 20%. The shares have risen 37.6% YTD, nearly triple the Nasdaq Composite’s gain of 12.7%.

CrowdStrike’s Falcon Platform is now made up of more than 20 cloud-based modules that cover everything from cloud workload protection and identity security to endpoint protection and security analytics. CrowdStrike offers customers a true platform experience, with a single agent and single interface. All of its offerings are designed to work together seamlessly—the platform is not just a hodgepodge of point products. The average new customer lands with five products.

In FQ4, total annual recurring revenue rose 34% to $3.435 billion. CrowdStrike added a record $281.9 million of net new ARR. The company closed more than 1,900 deals with total contract value over $100k and 490+ deals with TCV over $500k. There were 250+ deals with over $1 million in TCV, up 30% year over year.

Source: News Formal (newsformal.com)

George Kurtz Cybersecurity Cybersecurity Platform Palo Alto Networks Security Software CRWD Crowdstrike Stock

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