CrowdStrike Holdings Inc. (NASDAQ:CRWD) is one of the stocks that should double by 2030. On January 9, CrowdStrike announced a $740 million deal to acquire identity security startup SGNL to strengthen its cybersecurity portfolio against AI-powered threats. The acquisition focuses on SGNL’s continuous identity technology, which performs real-time evaluations to prevent hackers from exploiting user identities. This strategy addresses the growing risk associated with autonomous AI agents and machine identit ...

Investor Relations Presentation February 2026 Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements, which express the current beliefs and expectations of CyberArk's (the "Company") management. These forward-looking statements generally include statements regarding the Company's financial and operational performance, industry trends, and the proposed transaction with Palo Alto Networks ("PANW"), including the anticipated benefits of the transaction. ...

Key Takeaways CRWD plans to acquire SGNL to strengthen its Next-Gen Identity Security portfolio for AI-driven enterprises.SGNL adds continuous, risk-based access that replaces static privileges with just-in-time controls.CRWD targets a fast-growing identity security market, with the acquisition expected to close in Q1 FY27.CrowdStrike (CRWD) recently agreed to acquire SGNL to strengthen its position in identity security, especially for the artificial intelligence (AI)-driven enterprise. The deal adds SGNL’s ...

Core Viewpoint - CrowdStrike Holdings Inc. is acquiring SGNL, an identity management startup, for $740 million to enhance its position in the Next-Gen Identity Security market [1][2]. Group 1: Acquisition Details - The acquisition is expected to close in the first quarter of FY 2027, with the purchase price primarily in cash and a portion in stock [2]. - The CEO of CrowdStrike, George Kurtz, emphasizes the importance of identity security in the AI era, stating that AI agents require protection as they operate with superhuman speed and access [3]. Group 2: Market Potential - The identity security market is projected to grow from approximately $29 billion in 2025 to $56 billion by 2029, indicating significant growth potential for CrowdStrike's new offerings [3]. Group 3: Analyst Reception - Analysts have positively received the acquisition, with firms like Jefferies and Barclays reiterating their Buy ratings, and Berenberg Bank upgrading CrowdStrike to Buy due to its reasonable valuation and long-term benefits from the SGNL deal [4]. Group 4: Company Overview - CrowdStrike is an American cybersecurity technology company based in Austin, Texas, providing endpoint security, threat intelligence, and cyberattack response services [5].

Core Insights - Okta, Inc. announced the appointment of Rob Bernshteyn and Paul Sagan to its board of directors, effective December 19, 2025, to enhance its leadership in identity security and AI integration [1][2] Company Developments - The addition of Bernshteyn and Sagan is aimed at driving Okta's growth, particularly as identity becomes crucial for secure AI applications [2] - Mary Agnes (Maggie) Wilderotter stepped down from the board on December 15, 2025, for unforeseen reasons [3][4] Leadership Background - Rob Bernshteyn has over 30 years of experience in the business software industry, previously serving as CEO of Coupa Software and holding roles at SuccessFactors and Siebel Systems [5][6] - Paul Sagan has a strong background in cloud computing and cybersecurity, having held leadership positions at Akamai Technologies and currently serving on the boards of Moderna and Thomson Reuters [8][9][11]

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced that it has been recognized as a Leader in the IDC MarketScape: Worldwide Integrated Solutions for Identity Security 2025 Vendor Assessment. CyberArk extends dynamic privilege controls across all identity types with its unified platform, enabling organizations to improve efficiencies and streamline security operations. This IDC MarketScape report notes, "More c. ...

SAN FRANCISCO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Delinea, a pioneering provider of solutions for securing human and machine identities through centralized authorization, has been named the recipient of Frost & Sullivan’s Technology Innovation Leadership Recognition Award in Non-Human Identity (NHI) Solutions. The company was also recognized as a Leader in the Frost Radar™: NHI Solutions 2025, earning the highest score for innovation, which underscores its strong Privileged Access Management (PAM) foundation ...

Financial Data and Key Metrics Changes - The company surpassed $1 billion in annual recurring revenue (ARR), closing fiscal Q3 at $1.04 billion, representing a 28% year-over-year increase [18] - SaaS ARR grew 38% year-over-year, now standing at $669 million, which constitutes 64% of total ARR [19] - Revenue for fiscal Q3 2026 was $282 million, an increase of 20% year-over-year, with subscription revenue growing 22% [22] - Adjusted operating income was $56 million, or a 19.8% margin, exceeding guidance due to higher term subscription revenue and disciplined expense management [22] - Net revenue retention (NRR) was 114% for the quarter [22] Business Line Data and Key Metrics Changes - Strong growth was noted in cross-sale motions driven by non-employee risk management, machine identity security, and data access security solutions, which collectively more than doubled in ARR year-over-year [19] - The company experienced a strong migration quarter, with more than half of platform modernizations including at least one emerging cross-sale product [20] Market Data and Key Metrics Changes - The demand for new products introduced at the Navigate conference was strong, with orders booked for each newly available product despite only being generally available for one month [19] - The company noted broad-based strength across geographies and industry verticals [19] Company Strategy and Development Direction - The company is focused on reimagining identity security, moving towards real-time, adaptive identity solutions [5][6] - A new Flex licensing model was introduced to meet customers' needs in their identity journey, allowing for more choice and flexibility in adopting innovations [10] - The company aims to expand its family of identity security solutions while simplifying deployment and accelerating time to value [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline, indicating strong engagement across both new and existing customers [15] - The company is committed to building for the long term, focusing on the depth of identity context and breadth of identities protected [16] - The management highlighted the importance of adapting to the expanding threat landscape and the need for organizations to modernize their identity security [15][16] Other Important Information - The company completed its largest-ever global user conference, where significant product innovations were unveiled [7] - The introduction of the SailPoint Accelerated Application Management solution aims to simplify the administration of identity programs [14] Q&A Session Summary Question: Can you talk about the top-of-funnel pipeline with new logos? - Management noted strong demand from both new customers and existing customers excited about agentic security [26][27] Question: Any insights on the ramp into Q4? - Management expressed confidence in the overall health of the business and indicated that Q4 would represent about a third of total year-net new ARR [31][33] Question: How does SailPoint differentiate itself in a consolidating market? - Management emphasized the breadth and depth of their identity solutions, which they believe creates a defensible moat against competitors [39][42] Question: Can you discuss the Savvy acquisition and its impact? - Management highlighted that the Savvy technology enhances application discovery and governance, allowing for quicker deployment and deeper insights [46][49] Question: How is the company using AI internally? - Management confirmed that AI is being embraced across various business functions, with exciting use case possibilities emerging [58][59] Question: What are the expectations for fiscal '27? - Management indicated a focus on growth over profitability while maintaining strong margin performance [98][99] Question: What hurdles might arise in customer adoption of Agentic AI? - Management acknowledged the need to help customers manage the proliferation of agents and emphasized the importance of building trust in AI-driven identity decisions [102][103]

Financial Data and Key Metrics Changes - In fiscal Q3 2026, the company surpassed $1 billion in annual recurring revenue (ARR), closing at $1.04 billion, representing a 28% year-over-year increase [16][17] - SaaS ARR grew 38% year-over-year, now standing at $669 million, which constitutes 64% of total ARR [17] - Revenue for Q3 was $282 million, an increase of 20% year-over-year, with subscription revenue growing 22% [19] - Adjusted operating income was $56 million, yielding a margin of 19.8%, driven by higher term subscription revenue and disciplined expense management [19] - Net revenue retention (NRR) for the quarter was 114% [19] Business Line Data and Key Metrics Changes - Strong growth was noted in cross-sell motions driven by non-employee risk management, machine identity security, and data access security solutions, which collectively more than doubled in ARR year-over-year [17] - The company experienced a strong migration quarter, with more than half of platform modernizations including at least one emerging cross-sale product [18] Market Data and Key Metrics Changes - The demand for identity security solutions is accelerating as organizations recognize the need for adaptive identity management in response to expanding threats [4][8] - The company noted strong initial interest in new products introduced at the Navigate conference, with orders booked for each newly available product despite being generally available for only one month [17] Company Strategy and Development Direction - The company is focused on reimagining identity security, moving from static compliance-first approaches to real-time adaptive identity solutions [4][6] - The introduction of the Flex licensing model aims to provide customers with more choice and flexibility in adopting innovations [9] - The company is positioning itself as a strategic identity layer in the security landscape, emphasizing the depth of identity context and breadth of identities protected [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong pipeline and diversified customer engagement, indicating that organizations are increasingly turning to the company for identity security solutions [13] - The company is committed to building for the long term, focusing on governance and adaptive identity models to efficiently protect enterprises [14] Other Important Information - The company completed its largest-ever global user conference, Navigate, unveiling significant product innovations [5][6] - The company is leveraging AI internally to enhance various aspects of the business, from product development to operational efficiency [40] Q&A Session Summary Question: Can you talk about the top-of-funnel pipeline with new logos? - Management noted that both new customers and existing customers are excited about the developments in agentic security, with the Flex pricing model expected to accelerate interest [24] Question: Can you provide insights on the fourth quarter's new business for ARR? - Management expressed confidence in the overall health of the business and indicated that Q4 is expected to represent about a third of total year-net new ARR [27] Question: How does SailPoint differentiate itself in a market defined by consolidation? - Management highlighted the company's defensible moat in breadth and depth of identity types, emphasizing the challenges competitors face in replicating this capability [29][31] Question: Can you discuss the Savvy acquisition and its impact on customer onboarding? - Management indicated that the Savvy technology enhances application discovery and governance, allowing for quicker onboarding and deeper compliance [33][34] Question: What hurdles might customers face in adopting Agentic AI for identity security? - Management acknowledged the need for organizations to manage the proliferation of agents and emphasized the importance of building trust in AI-driven identity decisions [60][61]

Financial Data and Key Metrics Changes - In Q3, the company reported strong performance driven by large customers and upsells, particularly with new products like Okta Identity Governance [6][14] - The company ended the quarter with nearly $2.5 billion in cash, cash equivalents, and short-term investments, indicating a strong balance sheet [17] - For Q4, the company expects total revenue growth of 10%, current RPO growth of 9%, non-GAAP operating margin of 25%, and free cash flow margin of approximately 31% [18] Business Line Data and Key Metrics Changes - New products such as Okta Identity Governance and Okta Privileged Access are contributing significantly to results, helping customers reduce complexity and improve security [7][14] - The company has seen a record number of customers and partners engaging with its new products, particularly in the AI security space [8][10] Market Data and Key Metrics Changes - The company has over 20,000 customers, positioning it well to become the identity layer for AI agents [9] - There is a growing interest in agentic security solutions, with over 100 current customers representing over $200 million in existing ARR [10] Company Strategy and Development Direction - The company is focusing on securing AI agents and non-human identities, which is seen as a critical growth opportunity [8][12] - The strategy includes expanding go-to-market specialization and increasing the number of quota-carrying sales representatives to meet demand [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming Q4, which is expected to be the largest quarter of the year, and highlighted the positive trends in sales productivity and customer interest in new products [14][18] - The company is confident in its strategy to capture emerging opportunities in the identity security space, particularly related to AI [14][35] Other Important Information - The company has been investing in innovation, with a focus on simplifying customer interactions through product suites [7] - The management team emphasized the importance of consolidating identity management solutions to enhance security and reduce complexity for customers [26][27] Q&A Session Summary Question: What convinces customers to consolidate their identity management with Okta? - Management indicated that technological changes, particularly related to AI, are driving customers to consolidate their identity management solutions with Okta [24][26] Question: Can AI capabilities be deployed by non-Okta customers? - Management confirmed that while many customers are interested in AI capabilities, they are primarily focused on existing Okta customers for deployment [30][33] Question: How does the company view the market for AI and identity security? - Management sees a significant market opportunity in securing AI agents, with a potential TAM larger than existing identity markets [34][35] Question: What is the outlook for next year? - Management refrained from providing specific guidance for FY27 but expressed confidence in the business momentum and upcoming Q4 performance [40][48] Question: How is the sales realignment affecting performance? - Management reported positive results from the sales realignment, with improved AE productivity and lower attrition rates [80][81]