CrowdStrike Holdings, Inc. (NASDAQ: CRWD) provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is headquartered in Austin, Texas.
CrowdStrike Holdings is a cloud-native software company that provides endpoint security protection for devices such as laptops, PCs, and smartphones, and any other device connected to a network. Since it’s cloud based, CrowdStrike is particularly well-suited for supporting remote work.
CrowdStrike’s software uses machine learning (a type of artificial intelligence) to detect security breaches and hunt down threats. It’s also easy to deploy to the millions of people working from home and the billions of machines connected to the internet. The company has steadily increased the number of modules on its platform to help its customers, and it has new integration agreements with other tech companies to make data protection more consistent across an organization’s IT infrastructure.
CrowdStrike’s sales have been booming, nonetheless. It’s also highly profitable as measured by free cash flow. In an increasingly mobile world with more devices continually coming online. CrowdStrike is poised to continue growing at a brisk rate. Thus, CrowdStrike is the best cybersecurity stock to own for long term.