CrowdStrike Falcon platform secures FedRAMP High Authorization

AUSTIN – CrowdStrike Holdings, Inc. (NASDAQ: CRWD), a leader in cloud-delivered endpoint and cloud workload protection with a market capitalization of $90 billion and impressive revenue growth of 29% year-over-year, announced that its Falcon platform has received Federal Risk and Authorization Management Program (FedRAMP) High Authorization. The designation, announced today, allows U.S. federal agencies and public sector organizations to utilize the Falcon platform to protect their highly sensitive data against cyber threats. According to InvestingPro data, CrowdStrike maintains a strong financial position with more cash than debt on its balance sheet, positioning it well for continued government sector expansion.

FedRAMP’s High Authorization is the most stringent security compliance standard within the program, signifying that the Falcon platform meets the comprehensive requirements for handling the government’s most sensitive, unclassified data in cloud computing environments. This level of authorization is indicative of the platform’s capabilities in providing advanced security measures to federal agencies and public sector entities, particularly those within the Defense Industrial Base (DIB) and critical infrastructure sectors. The company’s robust financial health is reflected in its impressive 74.92% gross profit margin and healthy current ratio of 1.77, suggesting strong operational efficiency and liquidity. For detailed insights into CrowdStrike’s financial metrics and growth potential, investors can access comprehensive analysis through InvestingPro’s exclusive research reports.

The Falcon platform’s unified, AI-driven security is designed to detect and prevent breaches in real-time, a critical feature as adversaries increasingly target federal systems and supply chains. By achieving the FedRAMP High Authorization, CrowdStrike aims to offer these organizations a way to streamline compliance, reduce complexity, and enhance their cyber resilience.

Michael Sentonas, president of CrowdStrike, emphasized the importance of robust cybersecurity for government operations, noting that the Falcon platform consolidates multiple security capabilities into a single cloud-native solution. This integration is intended to eliminate operational silos, accelerate response times, and provide continuous visibility and protection across hybrid environments.

CrowdStrike’s FedRAMP High authorization confirms compliance with the NIST SP 800-53 Revision 5 FedRAMP High Impact Baseline, following a rigorous third-party security assessment. The platform boasts nearly 26 authorized offerings, covering endpoint, cloud, identity, next-gen SIEM, intelligence, vulnerability management, and data protection.

The announcement underscores CrowdStrike’s commitment to meeting the highest cybersecurity and information management standards independently and government-led. The Falcon platform’s achievement is expected to enable federal and public sector organizations to consolidate their cybersecurity efforts, reducing operational costs and streamlining compliance processes.

Information on how the CrowdStrike Falcon Platform for Government assists agencies in securing their assets and staying ahead of threats is available on CrowdStrike’s website. Further details regarding the company’s compliance and certifications can be found on the CrowdStrike Compliance and Certification Page.

This news is based on a press release statement from CrowdStrike.

In other recent news, CrowdStrike Holdings has reported a notable 25% increase in revenue year-over-year, surpassing expectations from both Stifel and the broader market. The company’s net new annual recurring revenue also exceeded forecasts, reaching $224 million. Despite these strong financial results, Stifel has adjusted its price target for CrowdStrike to $435, maintaining a Buy rating. Similarly, RBC Capital Markets has reduced its price target to $460 while keeping an Outperform rating, citing changes in tax methodology affecting EPS guidance.

CrowdStrike’s strategic partnerships are also making headlines. The company has entered into a distribution agreement with Arrow Electronics to enhance cybersecurity measures across North America, allowing Arrow’s partners access to the Falcon platform. In another development, CrowdStrike has collaborated with NVIDIA to advance AI capabilities in cybersecurity, reportedly doubling detection triage speed with reduced computing resources.

TD Cowen continues to hold a positive outlook on CrowdStrike, maintaining a Buy rating and a $450 price target. The firm highlighted CrowdStrike’s strong year-end performance, including a 40% increase in total contract value. These developments reflect CrowdStrike’s ongoing efforts to expand its market presence and enhance its technological capabilities in the cybersecurity space.

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