CrowdStrike Holdings Inc. - S&P Global Ratings’ Credit Research

CrowdStrike Holdings Inc.

CrowdStrike Holdings Inc. - S&P Global Ratings’ Credit Research
CrowdStrike Holdings Inc.
Published Dec 22, 2023
12 pages (3819 words) — Published Dec 22, 2023
Price US$ 500.00  |  Buy this Report Now

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Abstract:

Overview Key strengths Key risks Strong leadership position in the endpoint and workload security space. Operates in a competitive end market. Significant net cash position, with close to $3.17 billion of cash versus $750 million of unsecured notes, supported by strong deal pipeline. Softness across the security industry will affect revenue growth in 2024. . CrowdStrike remains one of the fastest-growing companies in the security space, with annual recurring revenue (ARR) growth of 35% year over year in the most recent quarter. The company?s strong performance is indicative of its robust pipeline, strong execution, and favorable demand trends. The company also benefits from vendor consolidation and the improving traction of its Falcon platform. CrowdStrike?s fiscal 2024 (year ending January 2024)

  
Brief Excerpt:

...CrowdStrike continues to deliver promising growth and improved profitability. CrowdStrike remains one of the fastest-growing companies in the security space, with annual recurring revenue (ARR) growth of 35% year over year in the most recent quarter. The company's strong performance is indicative of its robust pipeline, strong execution, and favorable demand trends. The company also benefits from vendor consolidation and the improving traction of its Falcon platform. CrowdStrike's fiscal 2024 (year ending January 2024) revenue is projected to be over $3 billion, representing 36% year-over-year revenue growth. The company is also materially...

  
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MLA:
S&P Global Ratings’ Credit Research. "CrowdStrike Holdings Inc." Dec 22, 2023. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/CrowdStrike-Holdings-Inc-3105712>
  
APA:
S&P Global Ratings’ Credit Research. (). CrowdStrike Holdings Inc. Dec 22, 2023. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/CrowdStrike-Holdings-Inc-3105712>
  
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