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CrowdStrike (CRWD) Unveils Falcon Data Protection Solution
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CrowdStrike (CRWD - Free Report) released Falcon Data Protection, a solution that claims to replace traditional data loss prevention (“DLP”) tools. Integrated within the CrowdStrike Falcon Extended Detection and Response (“XDR”) platform, this solution lets cybersecurity professionals gain visibility of endpoints and the web as the information is shared across various applications.
CrowdStrike Falcon XDR is a comprehensive cybersecurity platform that goes beyond traditional endpoint security solutions. It is designed to detect, investigate and respond to cyber threats across various endpoints, networks and cloud environments.
The Falcon Data Protection Solution, like the XDR, improves upon traditional DLPs and provides a unified, lightweight platform where the information is put together, reducing cost and complexity.
The solution enables the cybersecurity team to customize data classifications. It prevents accidental or intentional leakage of Personally Identifiable Information and Protected Health Information data through generative artificial intelligence tools.
The Falcon Data Protection solution allows customers to envision potential threats by defining and simulating future scenarios. This capability assists cybersecurity teams in testing policies preemptively, ensuring they work effectively without causing disruptions to end-user experiences before their actual implementation.
CrowdStrike Gaining From its Security Solution Offerings
The increased number of individuals accessing company networks emphasizes the heightened demand for security. The rising adoption of hybrid work setups and the Bring Your Own Device trend are actively fueling the demand for CrowdStrike's security products.
The introduction of Falcon Data Protection will add to CRWD’s Endpoint Security and XDR Module’s business, which includes solutions like Falcon Prevent, Falcon Insight XDR, Falcon Device Control and Falcon Firewall Management. This will further contribute to CrowdStrike’s Subscription revenues.
During the third quarter of fiscal 2024, the company saw a substantial double-digit rise in new annual recurring revenue. This surge was propelled by customers pursuing the advanced features offered by CrowdStrike's AI-powered XDR platform.
Zacks Rank and Other Stocks to Consider
CRWD currently carries a Zacks Rank #2 (Buy). Shares of the company have climbed 140% year to date.
The Zacks Consensus Estimate for MongoDB's fourth-quarter fiscal 2024 earnings has been revised 10 cents northward to 46 cents per share in the past 30 days. For fiscal 2024, earnings estimates have moved upward by 56 cents to $2.90 per share in the past 30 days.
MDB’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 277.91%. Shares of MDB have gained 113% year to date.
The Zacks Consensus Estimate for Clouflare's fourth-quarter 2023 earnings moved northward by 2 cents to 12 cents in the past 60 days. For fiscal 2023, NET’s earnings estimates have been revised 9 cents upward to 46 cents per share in the past 60 days.
Cloudflare’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 63.22%. Shares of NET have climbed 87.3% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has been revised upward by 38 cents to $1.44 per share in the past 60 days. For fiscal 2023, earnings estimates have been raised 72 cents to $6.28 in the past 60 days.
Bel Fuse’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 56.92%. Shares of Bel Fuse have surged 93.2% year to date.
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CrowdStrike (CRWD) Unveils Falcon Data Protection Solution
CrowdStrike (CRWD - Free Report) released Falcon Data Protection, a solution that claims to replace traditional data loss prevention (“DLP”) tools. Integrated within the CrowdStrike Falcon Extended Detection and Response (“XDR”) platform, this solution lets cybersecurity professionals gain visibility of endpoints and the web as the information is shared across various applications.
CrowdStrike Falcon XDR is a comprehensive cybersecurity platform that goes beyond traditional endpoint security solutions. It is designed to detect, investigate and respond to cyber threats across various endpoints, networks and cloud environments.
The Falcon Data Protection Solution, like the XDR, improves upon traditional DLPs and provides a unified, lightweight platform where the information is put together, reducing cost and complexity.
CrowdStrike Price and Consensus
CrowdStrike price-consensus-chart | CrowdStrike Quote
The solution enables the cybersecurity team to customize data classifications. It prevents accidental or intentional leakage of Personally Identifiable Information and Protected Health Information data through generative artificial intelligence tools.
The Falcon Data Protection solution allows customers to envision potential threats by defining and simulating future scenarios. This capability assists cybersecurity teams in testing policies preemptively, ensuring they work effectively without causing disruptions to end-user experiences before their actual implementation.
CrowdStrike Gaining From its Security Solution Offerings
The increased number of individuals accessing company networks emphasizes the heightened demand for security. The rising adoption of hybrid work setups and the Bring Your Own Device trend are actively fueling the demand for CrowdStrike's security products.
The introduction of Falcon Data Protection will add to CRWD’s Endpoint Security and XDR Module’s business, which includes solutions like Falcon Prevent, Falcon Insight XDR, Falcon Device Control and Falcon Firewall Management. This will further contribute to CrowdStrike’s Subscription revenues.
During the third quarter of fiscal 2024, the company saw a substantial double-digit rise in new annual recurring revenue. This surge was propelled by customers pursuing the advanced features offered by CrowdStrike's AI-powered XDR platform.
Zacks Rank and Other Stocks to Consider
CRWD currently carries a Zacks Rank #2 (Buy). Shares of the company have climbed 140% year to date.
Some other top-ranked stocks from the broader technology sector are MongoDB (MDB - Free Report) , Cloudflare (NET - Free Report) and Bel Fuse (BELFB - Free Report) . While BELFB sports a Zacks Rank #1 (Strong Buy), MDB and NET each carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MongoDB's fourth-quarter fiscal 2024 earnings has been revised 10 cents northward to 46 cents per share in the past 30 days. For fiscal 2024, earnings estimates have moved upward by 56 cents to $2.90 per share in the past 30 days.
MDB’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 277.91%. Shares of MDB have gained 113% year to date.
The Zacks Consensus Estimate for Clouflare's fourth-quarter 2023 earnings moved northward by 2 cents to 12 cents in the past 60 days. For fiscal 2023, NET’s earnings estimates have been revised 9 cents upward to 46 cents per share in the past 60 days.
Cloudflare’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 63.22%. Shares of NET have climbed 87.3% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has been revised upward by 38 cents to $1.44 per share in the past 60 days. For fiscal 2023, earnings estimates have been raised 72 cents to $6.28 in the past 60 days.
Bel Fuse’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 56.92%. Shares of Bel Fuse have surged 93.2% year to date.