CrowdStrike, which is officially known as CrowdStrike Holding, Inc., is a publicly traded technology company whose focus areas are information and cybersecurity. Major services provided by the company include cloud security, endpoint protection, and information technology services.
The company was founded in the United States in 2011. The main CrowdStrike location (headquarters) is also in the United States. It was founded by George Kurtz, Demitri Alperovitch, and Greg Marston. George Kurtz is the current CEO of the company.
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General Information
| HQ: | Sunnyvale, California, U.S. |
| Zip Code: | 94086 |
| Traded as: | Nasdaq: CRWD |
| Industry: | Information security |
| Founded: | 2011 |
| Products: | Endpoint security, Security and IT operations, Security cloud |
| Website: | www.crowdstrike.com |
| Business data: | Google Finance / Yahoo! Finance / SEC filings |
What is CrowdStrike, and how it works?
CrowdStrike is a sensor that works by using agent-based technology. It is a software as a service (SaaS) solution. CrowdStrike can be used on Windows, Mac, and Linux. It can work online as well as offline. CrowdStrike works by using modern machine learning models and artificial intelligence.
The CrowdStrike antivirus is installed on your computers, and it automatically starts scanning your files actively without manually activating them.
Where is CrowdStrike headquarters located?
The headquarters of CrowdStrike is located in Sunnyvale, California, United States. There are around 12 other CrowdStrike locations around the world.
Address of headquarters: 150 Mathilda PI Sunnyvale, CA 94086
How do I contact CrowdStrike corporate?
You can contact CrowdStrike using the relevant phone numbers given below or by sending an inquiry email to them. Their email address is also mentioned below.
Email: [email protected]
| Region | Phone Numbers |
| United States | 1.888.512.8906 |
| United Kingdom | +44(0)118.453.0400 |
| Australia and New Zealand | (+61) 1300.245.584 |
| Middle East, Turkey, and Africa | +971 4 429 5829 |
Does CrowdStrike have chat support?
Yes, CrowdStrike does have a chat support facility. You can get information from their chatbot by visiting their official website. You can also send an email to the address given below to request a chat support portal account.
Email: [email protected]
Company History
As we mentioned in the introduction that the company was founded by George Kurtz, Demitri Alperovitch, and Greg Marston. George is the CEO of CrowdStrike. Dmitri is the former CTO, and Greg is the retired CFO of the company. Shawn Henry was appointed to lead CrowdStrike Services in 2012. Shawn is a former FBI official. CrowdStrike services mainly focus on incident and proactive response services. The first service which was introduced by CrowdStrike was CrowdStrike Falcon. It was launched in June 2013. CrowdStrike Falcon was created to deal with endpoint security and threat management.
In 2014, CrowdStrike made an achievement when its reports helped the United States Department of Justice in catching Chinese military hackers. They had been doing espionage against corporations of the United States. Not only this, but CrowdStrike also exposed schemes of Advanced Persistent Threat (Berserk Bear). It is a group of Russian espionage. Berserk Bear is connected with Russian Federation and helped them engage in illegal intelligence operations against the world’s energy projects.
In November 2014, an incident occurred. A group of hackers- “Guardians of Peace”-hacked the sensitive data of Sony Pictures. CrowdStrike again helped trace the hackers. The attack was fabricated by the government of North Korea. Complete detail of the crime was also provided by CrowdStrike. Again in 2014, CrowdStrike assisted in tracing the hackers of Putter Panda. Putter Panda is a group of state-sponsored hackers of China. This group is also known as PLA Unit 61486.
Google started investing in CrowdStrike in 2015. After a series of investments, the company almost got $480 million in funding. It fueled the growth of the company. In 2015, Jason Gaffner, an employee of CrowdStrike, discovered a security flaw named VENOM. This flaw was introduced in 2004 in an open-source hypervisor. This hypervisor was named Quick Emulator, commonly known as QEMU. Sensitive information could be easily hacked by anyone using this flaw. In the same year, CrowdStrike also announced that they had traced the hackers who were sponsored by China against the United States, but the presidents of that time of both nations made a deal to not engage in any kind of economic espionage against each other.
In 2017, CrowdStrike worked on several research projects and improved the security systems of various organizations with their research outcomes. CrowdStrike announced its research outcome in February 2018, explaining that according to its data, 39% of the cyberattacks are spyware-free. In this research, a list of industries was also announced which commonly get attacked by hackers. CrowdStrike store and an updated version of CrowdStrike Falcon were also released in 2018. It became a publicly traded company in 2019 and is listed on the NASDAQ stock exchange.
The company compiled another research citing that Ryuk (Cryptotrojan), since it was founded, had hacked over $3.7 million worth of crypto coins. Another research was done by them named “Global Threat Report.” It made it clear that Russia is the country with the fastest cybercrime growth rate. China was also named on the list. Recently, CrowdStrike has started to acquire other technology companies. It has acquired Humio, Preempt Technology, and Zero Trust.
CrowdStrike profile
CrowdStrike is a cybersecurity company founded in 2011 and based in the United States. Its headquarters are located in Sunnyvale, California, United States. Its notable subsidiaries include Humio Limited, Preempt Security, and Payload Security UG.
Its famous products and services are Falcon Pro, Falcon Enterprises, Falcon Premium, and Falcon Complete. Besides this, the company provides threat intelligence, cloud and endpoint security, and information technology operations.
The company’s mission is to abolish cybercrimes. The team is dedicated to putting an end to the activities of hackers. They want to provide complete security to all organizations of the world and their users. CrowdStrike is striving to achieve this goal soon.
Working model of CrowdStrike Holding, Inc.
The world is transforming and becoming digital. This advanced world is not becoming more convenient for us, but it is also getting vulnerable day by day. The number of hackers and viruses has increased considerably in the past few years. Here comes CrowdStrike. CrowdStrike provides cybersecurity products and services.
The company is motivated to stop cybercrime rates in the world by providing top-quality services. This was the need of the marker and is fulfilled by CrowdStrike. No doubt, the services of CrowdStrike are very advantageous, especially for organizations that handle sensitive data.
These organizations are willing to pay an amount to get access to those services. This is the general and very brief business model of CrowdStrike.
What makes CrowdStrike successful?
CrowdStrike is one of the leading information security companies. There is a story behind its success. The initial introduction of CrowdStrike Falcon gave the company a boost and developed its name in the market.
After that, CrowdStrike kept on growing and growing. The major reason why it grew a lot in a little time is the dedication of the company to improve the world. This dedication allowed them to develop great cybersecurity services.
The amount customers pay to receive their services now makes CrowdStrike further invest in their future growth. This is how CrowdStrike became one of the leading and successful companies in the cybersecurity market.
CrowdStrike Holdings, Inc. CEO and Key Executive Team
| Names | Designation |
| George Kurtz | Chief Executive Officer |
| Paul Salmon | Regional Sales Director |
| Colin Black | Chief Operating Officer |
| Burt Podbere | Chief Financial Officer |
| Jerry Dixon | Chief Information Security Officer |
| Source: ir.crowdstrike.com, crowdstrike.com | |
How does CrowdStrike antivirus work?
The next-generation antivirus (NGAV) of CrowdStrike uses a combination of innovative technologies to readily block threats coming from any source. NGAV uses machine learning models, artificial intelligence, behavioral detection. In this way, it catches an idea of the user and blocks any kind of suspicious and distrustful programs. It is based on cloud technology which makes it easy to be deployed.
In comparison with traditional antiviruses, NGAV does not rely on signatures. Meaning they both are fundamentally different. The implementation process is also very short in terms of NGAV. This also increases its efficiency. It is developed to eliminate endpoint security problems.
Top industries that use CrowdStrike Falcon Platform
Following are some of the famous industries which use CrowdStrike Falcon Platform.
| Computer Software |
| Information Technology and Services |
| Financial Services |
| Hospitals and Health Care |
| Retail |
| Banking |
| Computer Hardware |
Top 5 biggest CrowdStrike Holdings, Inc. competitors or Alternative
1. Zscaler
Zscaler is a publicly-traded American information technology company founded in 20017 by Jay Chaudhry. Zscaler provides its services in around 185 countries. It is listed on the NASDAQ stock exchange. Zscaler is a part of the Russell 1000 component.
It is ranked at 1960th on Forbes Global 2000. It has a market capitalization of around $45 billion. In 2020, its revenue was $673 million.
2. Splunk Technology
Splunk Technology is another famous American software technology company. It was founded in 2003 by Michael Baum, Rob Das, and Eric Swan. It is listed on the NASDAQ stock exchange and is a part of the NASDAQ 100 component. In 2020, its revenue was $2.36 billion, and net income was around -$336 million.
The company is also ranked on Forbes Global 2000 at 1765th position in 2020.
3. Cloudflare
Cloudflare is a web security and cloud technology company. It was founded in 2009 in the United States. Cloudflare is listed on New York Stock Exchange. It is a part of the Russell 1000 component.
Its revenue in 2020 was $431 million, and the income was -$119.4 million. In 2019, Cloudflare was ranked on Forbes Cloud 100 at 11th. However, in 2020, it was dropped off the list.
4. Okta
It was founded in 2009 by Todd McKinnon and Frederic Kerrest. The company provides its services all over the world. Last year, its revenue was around $586 million.
Its stock is a part of the NASDAQ 100 component. In 2021, it was ranked on Forbes Global 2000 at 1814th.
5. Fortinet
Fortinet is an international cyber, network, and cloud security company. It was founded in the US in 2000 by Ken Xie and Michael Xie. Fortinet is listed on the NASDAQ stock exchange. It is also a part of the NASDAQ 100 component.
In 2020, its revenue was $2.59 billion, and its net income was $489 million. It is ranked at 1388th on Forbes Global 2000.
How is it working at CrowdStrike Holdings Inc.?
According to demographics given by greatplacetowork.com, working at CrowdStrike is worth it. There are around 3,394 people currently working at CrowdStrike, and almost 50% of their employees work remotely. The company provides family medical leaves, parental leaves, flexible working time, and family events, etcetera.
Around 96 percent of employees of CrowdStrike believe that it is a great place to work. On the other hand, only 59% of the employees of a typical US company think the same.
The majority of the employees of CrowdStrike feel proud to tell others about their job. In 2021, the company was also ranked at 17th position in Fortune Best Places to Work for Millennials.
Why is CrowdStrike stock so expensive?
There are several reasons behind the rise of CrowdStrike stock. The first reason is that false forecasts are being published, which motivates people to invest in the company and results in an increase in stock price.
Secondly, the company has announced new services and products which will ultimately increase its endpoint security. By considering this, people are investing in it in masses which increases the stock price.
Since the IPO of CrowdStrike, it has started to acquire other companies because they have liquidity. CrowdStrike has acquired several companies in the past 3 years. It has also announced collaborations and partnerships with other cybersecurity companies for the betterment of the industry. This also increased its stock price.
Is CrowdStrike stock a good buy when considering long-term investments?
The current stock price of CrowdStrike is around $201 as of 1st December. Its all-time high was $284 in November 2021. The all-time low was $39.5 in March 2020. Currently, the stock is in a state of quandary. A strong opinion cannot be given here.
It cannot be said that CrowdStrike stock will be profitable in the future or not, but we will try to analyze the performance of the company and its stock. Hopefully, you will understand if investing in it would be beneficial for you.
Company’s performance
So far, the performance of CrowdStrike is great. It had done a lot of major research projects and had also introduced real problem-solving products and services. But the problem is that it does not have a large portfolio. CrowdStrike was founded in 2011. The overall performance of the company is satisfactory and no doubt, it is making its space in the market.
Market reputation:
The market reputation of any company affects its stock performance a lot. During its short period of presence in the cybersecurity market, it has earned a great reputation.
The actual focus of the company on protecting the digital lives of society has made it a respected company. It has also earned the trust of people. If you are investing in it, you should not worry about its reputation.
Consensus rating:
CrowdStrike stock performed well in consensus rating. 24 stock analysts gave their opinion about CrowdStrike stock. Out of them, 12 said that it is a strong buy and 7 analysts said that it is a buy. 4 analysts recommended holding it. Only 1 said that it is a strong sell. However, no one gave it a “Sell” rating. This also gives a surety of stock’s profitability in the future.
Stock price predictions:
Gov. capital predicts that CrowdStrike stock will touch an average of $335 in the second quarter of 2022. The highest prediction is $385, and the lowest one is $285. Flipboard.com also predicted the stock price of CrowdStrike.
They mentioned that it may be priced at $683 in November 2022. According to them, in 2026, it will be priced at $3800. This seems unrealistic so, you should not make your decision based on these forecasts.
Our opinion:
Currently, the stock looks confusing, but if we look at the performance and plans of the company, we will be comfortable to say that its stock will be profitable. If you are considering a short-term investment in it, then you may not be able to grab profits, but if you plan to invest for a few years, your investment is protected.
FAQs:
When did CrowdStrike go public?
CrowdStrike became a publicly traded company in June 2019. It is listed on the NASDAQ stock exchange. Its stock symbol is CRWD. The IPO price of CrowdStrike was around $34.
Does CrowdStrike pay dividends?
Since it is a newly founded company, it does not pay any dividends. Not paying dividends allow the company to invest in its future growth.
What can CrowdStrike detect?
CrowdStike Falcon can detect suspicious log-in attempts and can store the user’s personal information to trace him/her afterward.
What data does CrowdStrike collect?
CrowdStrike Falcon collects data of suspicious users to trace them. It collects the name of the files opened by suspicious users, names of programs, and it also collects the personal data of suspicious users.
What makes CrowdStrike different?
CrowdStrike has revolutionized the processes of digital security by producing innovative gadgets and software. The research and development skills of the company make it stand out in the cybersecurity industry.
Executive Summary
In this article, we explained everything about CrowdStrike Holdings, Inc. We have discussed its stock, its competitors, its history, and its working and earning model.
CrowdStrike is not large enough to compete with other cybersecurity giants, but still, it is giving tough competition to others and is likely to continue doing so in the near future, considering the current health of the company.
No doubt, the company still has a lot to do, but during its short existence, it has completely changed the cybersecurity industry. Keeping in view its past achievements, we can say that it will keep on introducing innovative technologies.
The company is likely to achieve its mission to eliminate cyberattacks and to provide safety to all of the companies of the world.
