Well, Crowd Strike is just out now with its third quarter results. Let's get you those numbers. Q3 EPS 96 cents versus an estimate of 94 cents. Q3 revenue 1.23% billion versus an estimate of 1.21% billion.So, beats there on the bottom and the top. Let's get to the guidance. Q4 adjusted EPS calling for between 109 to 111.The estimate was 108. Q and Q4 revenue, they're calling for between 1.2% 29 or 1.3% billion. The estimate was 1.29% billion.And for fullear revenue outlook, they're now seeing, it looks like ...

Financial Data and Key Metrics Changes - Record Q3 net new ARR of $265 million, growing 73% year-over-year, exceeding expectations by over 10% [6][31] - Ending ARR reached $4.92 billion, accelerating to 23% growth year-over-year [6][31] - Record Q3 free cash flow of $296 million, representing 24% of revenue [7][31] - All-time record operating income of $265 million, or 21% of revenue, marking the second consecutive quarter of record operating income [7][31] - Total revenue grew 22% year-over-year to $1.23 billion, with subscription revenue growing 21% to $1.17 billion [35][31] Business Line Data and Key Metrics Changes - Broad-based ending ARR acceleration across cloud, next-gen identity, and next-gen SIEM, along with acceleration in the endpoint business [7][31] - Falcon Flex subscription model contributed over $1.35 billion in ending ARR, growing more than 200% year-over-year [7][33] - Falcon Shield had a record net new ARR quarter, growing nearly 50% sequentially [16][31] Market Data and Key Metrics Changes - Geographic revenue mix consisted of approximately 67% from the U.S. and 33% from international markets, with both U.S. and APAC revenue growth accelerating year-over-year [35][31] - The cloud security market is maturing, with customers realizing the need for active defense within their cloud environments [17][31] Company Strategy and Development Direction - CrowdStrike positions itself as the operating system for cybersecurity in the agentic era, emphasizing the need for a single platform to manage cybersecurity effectively [10][11] - The company is focused on consolidating its offerings through the Falcon platform, which integrates various security solutions to lower total cost of ownership for customers [33][31] - The acquisition of Onum and Pangea is aimed at enhancing the platform's capabilities and customer experience [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand environment driven by AI adoption and the need for robust cybersecurity solutions [29][31] - The company anticipates continued growth in net new ARR, projecting at least 50% year-over-year growth in the second half of FY26 [37][31] - Management highlighted the importance of cybersecurity as a necessity in the evolving digital landscape, reinforcing CrowdStrike's critical role [7][29] Other Important Information - The company reported a GAAP net loss of $34 million, which included costs associated with a prior incident and acquisition-related expenses [36][31] - Cash and cash equivalents stood at $4.80 billion, with record cash flow from operations of $397.5 million [36][31] Q&A Session Summary Question: Insights on emerging segments and seasonality of net new ARR - Management noted that emerging products like Next-Gen SIEM and Identity performed exceptionally well, with strong customer adoption [44] Question: Value captured in SIEM displacements - Management indicated that customers are seeking better outcomes and lower costs, allowing CrowdStrike to offer competitive pricing and grow wallet share [47] Question: Further push into observability - Management acknowledged the opportunity for consolidation in observability, leveraging existing technology and customer data [51] Question: Dynamics of Flex licensing and its impact on NRR - Management emphasized that Flex licensing is designed for continuous growth, making it easier for customers to buy more over time [56] Question: AI's impact on customer conversations - Management highlighted that CrowdStrike's AI capabilities differentiate it from competitors, enabling faster and more effective security solutions [61]

Financial Data and Key Metrics Changes - Record Q3 net new ARR of $265 million, growing 73% year over year, exceeding expectations by over 10% [6][32] - Ending ARR reached $4.92 billion, accelerating to 23% growth year over year [6][32] - Record Q3 free cash flow of $296 million, representing 24% of revenue [7][32] - All-time record operating income of $265 million, or 21% of revenue, marking the second consecutive quarter of record operating income [7][32] - Non-GAAP net income attributable to CrowdStrike was a record $245.4 million, or $0.96 on a diluted per-share basis [37][41] Business Line Data and Key Metrics Changes - Broad-based ending ARR acceleration across cloud, next-gen identity, and next-gen SIEM, along with acceleration in the endpoint business [7][33] - Falcon Flex subscription model contributed over $1.35 billion in ending ARR, growing more than 200% year over year [7][34] - Falcon Shield had a record net new ARR quarter, growing nearly 50% sequentially [16][34] - Next-Gen SIEM achieved record net new ARR, reflecting strong customer adoption and performance [12][33] Market Data and Key Metrics Changes - Geographic revenue mix consisted of approximately 67% from the U.S. and 33% from international markets, with both U.S. and APAC year-over-year revenue growth accelerating compared to Q2 [36] - The cloud security market is maturing, with customers realizing the need for active defense within their cloud environments [17] Company Strategy and Development Direction - CrowdStrike positions itself as the operating system for cybersecurity in the agentic era, emphasizing the need for a single platform solution [10][11] - The company is focused on consolidating security needs and lowering total cost of ownership for customers, resulting in higher retention rates and increased module adoption [35] - The partnership with AWS enhances CrowdStrike's market position, providing native access to Falcon Next-Gen SIEM for AWS customers [14][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand environment and robust pipeline entering Q4, anticipating continued profitable growth [36][38] - The AI-driven demand environment is seen as a significant opportunity, with AI adoption necessitating enhanced cybersecurity measures [29][30] - Management highlighted the importance of cybersecurity as a constant necessity amid technological transformations [30] Other Important Information - The company achieved record cash flow from operations of $397.5 million [37] - Non-GAAP gross margin was reported at 78%, with subscription gross margin increasing to 81% [36] - The company expects total revenue for Q4 FY26 to be in the range of $1.290-$1.300 billion, reflecting a year-over-year growth rate of 22%-23% [40] Q&A Session Summary Question: Insights on emerging segments and seasonality for net new ARR - Management noted that emerging products like Next-Gen SIEM and Identity performed well, with strong customer adoption and consolidation on the platform [46] Question: Value captured in SIM market displacements - Management indicated that customers are seeking better outcomes and lower costs, with CrowdStrike's existing EDR data providing a competitive advantage [50] Question: Further push into observability - Management views observability as a consolidation opportunity, leveraging existing technology and data collection capabilities [55] Question: Dynamics of Flex licensing and its sustainability - Management emphasized that Flex licensing is designed for continuous net ARR growth, making it easier for customers to buy more over time [62] Question: Impact of AI on customer conversations - Management highlighted that CrowdStrike's AI capabilities differentiate it from competitors, with AI agents embedded in the platform delivering significant value [66] Question: Key products driving growth impact for next year - Management identified Next-Gen SIEM, cloud, and Falcon Shield as key products with significant growth potential [72]

Financial Data and Key Metrics Changes - Record Q3 net new ARR of $265 million, growing 73% year over year, exceeding expectations by more than 10% [4][31] - Ending ARR reached $4.92 billion, accelerating to 23% growth year over year [4][31] - Record Q3 free cash flow of $296 million, representing 24% of revenue [5][31] - All-time record operating income of $265 million, or 21% of revenue, marking the second consecutive quarter of record operating income [5][31] - Non-GAAP net income attributable to CrowdStrike was a record $245.4 million, or $0.96 on a diluted per-share basis [36][31] Business Line Data and Key Metrics Changes - Broad-based ending ARR acceleration across cloud, next-gen identity, and next-gen SIEM, as well as acceleration in the endpoint business [5][31] - Falcon Shield had a record net new ARR quarter, growing nearly 50% sequentially [15][31] - Falcon Flex customer ending account ARR more than tripled year over year, with re-Flex activity more than doubling quarter over quarter [20][31] Market Data and Key Metrics Changes - Geographic revenue mix consisted of approximately 67% from the U.S. and 33% from international markets, with both U.S. and APAC year-over-year revenue growth accelerating compared to Q2 [33][31] - The cloud security market is maturing, with customers realizing that posture does not equate to prevention, leading to increased demand for active defense within cloud environments [16][31] Company Strategy and Development Direction - CrowdStrike positions itself as the operating system of cybersecurity for the agentic era, emphasizing the need for a single platform to manage cybersecurity effectively [10][12] - The company is focused on leveraging AI to enhance its cybersecurity offerings, with AI adoption being a significant driver of demand [29][30] - The partnership with AWS is a strategic focus, providing native access to Falcon Next-Gen SIEM for AWS customers, enhancing customer acquisition opportunities [12][26] Management's Comments on Operating Environment and Future Outlook - Management expressed strong conviction in the ability to deliver profitable growth as they finish FY26 and look into FY27, supported by a robust demand environment and record pipeline [31][37] - The company anticipates continued strong demand for its products, particularly in the context of AI adoption and the need for enhanced cybersecurity measures [29][30] - Management highlighted the importance of consolidating security needs to lower total cost of ownership, resulting in higher retention rates and increased module adoption [32][31] Other Important Information - The company achieved a total revenue of $1.23 billion in Q3, growing 22% year over year, with subscription revenue growing 21% [33][31] - Non-GAAP gross margin was 78%, with subscription gross margin increasing to 81% [34][31] - The company expects total revenue for Q4 FY26 to be in the range of $1.290-$1.300 billion, reflecting a year-over-year growth rate of 22%-23% [39][31] Q&A Session Summary Question: Insights on emerging segments and seasonality of net new ARR - Management noted that emerging products like Next-Gen SIEM and Identity performed exceptionally well, with strong customer adoption and outcomes [41][42] Question: Value captured in SIM market displacements - Management indicated that customers are seeking better outcomes and lower costs, with the opportunity to activate Next-Gen SIEM for existing customers [43][44] Question: Further push into observability - Management sees observability as a consolidation opportunity, leveraging existing technology and data collection capabilities [45][46] Question: Dynamics of Flex licensing and its impact on NRR - Management emphasized that Flex licensing is designed for continuous net ARR growth, making it easier for customers to buy more and consolidate their security needs [48][50] Question: AI's impact on customer conversations - Management highlighted that CrowdStrike's AI capabilities differentiate it from competitors, with AI agents embedded in the platform delivering significant operational efficiencies [51][52]

Tenable Conference Call Summary Company Overview - **Company**: Tenable (NasdaqGS:TENB) - **Industry**: Cybersecurity Key Points and Arguments AI and Security Landscape - The AI threat landscape is challenging traditional reactive security approaches, necessitating a shift towards proactive measures, termed "fireproofing" rather than "firefighting" [5][11][13] - Companies are increasingly focused on three questions regarding AI: integration into products, internal productivity, and safeguarding AI usage [5][7] - Tenable's product, AI-Aware, provides visibility into AI usage within customer environments, helping to protect against misuse and ensuring compliance with policies [7][8] Customer Growth and Tenable One - In Q3, Tenable added nearly 450 new enterprise customers, with 40% of new business growth attributed to Tenable One, the company's exposure management platform [14][16] - Tenable One allows customers to assess vulnerabilities across their environments, providing risk ranking and prioritization tools for overwhelmed security teams [16][17] - The company is optimistic about future growth as more customers transition from point solutions to the comprehensive Tenable One platform [18][32] Market Dynamics and Competitive Landscape - Tenable is experiencing strong win rates against competitors, particularly in transitioning existing VM customers to Tenable One [19][22] - The company sees significant opportunities in both greenfield (new AI and cloud opportunities) and brownfield (existing customer transitions) markets [21][22] - The net retention rate is stable in the 105%-107% range, with expectations of slight declines in the near term due to historical growth comparisons [25][28] Federal Sector Performance - Tenable's public sector business accounts for approximately 15% of revenue, with federal customers representing about half of that [64][66] - The company has successfully navigated uncertainties in the federal sector and expects continued opportunities, especially with FedRAMP certification for Tenable One [71] Operational Efficiency and Margin Expansion - In Q3, Tenable achieved a 23% operating margin, up 350 basis points year-over-year, despite an 18% increase in R&D spending [75][76] - The company is focused on improving sales and marketing efficiency while continuing to invest in product development [87][88] Future Outlook and Demand Environment - Tenable is optimistic about the cybersecurity budget landscape, with a healthy pipeline and continued focus on AI and exposure management [93][96] - The company aims to expand its existing customer base onto Tenable One, which is expected to enhance retention and growth opportunities [96][98] Strategic Positioning - Tenable is well-positioned in the exposure management market, with recognition from industry analysts such as IDC, Forrester, and Gartner [101][102] - The management team is focused on execution and capitalizing on market opportunities, reinforcing confidence in the company's future [101][102] Additional Important Insights - The company is open to future acquisitions if they align with strategic goals, but currently focuses on maximizing the effectiveness of existing technologies [89][90] - Tenable's cloud security offerings are gaining traction, with efforts to increase awareness among potential customers [53][55][59]

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Core Viewpoint - Okta's stock experienced a decline despite reporting third-quarter earnings and revenue that exceeded consensus estimates, driven by significant deals with large customers, while the guidance for the January-ending quarter was also above expectations [1] Financial Performance - For the quarter ending October 31, Okta reported earnings of 82 cents per share on an adjusted basis, reflecting a 22% increase compared to the previous year [1]

The cybersecurity company posted a loss of $34.0 million, or 14 cents a share, in the quarter ended Oct. 31, compared with a loss of $16.8 million, or 7 cents a share, a year earlier. ...

Financial Performance - CrowdStrike's Q3 FY2026 ending annual recurring revenue (ARR) reached $4.92 billion, a 23% year-over-year increase[8] - Net new ARR for Q3 FY2026 was $265 million, representing a 73% year-over-year growth[8] - The company achieved a record operating income of $265 million in Q3 FY2026[8] - Q3 FY2026 diluted earnings per share (EPS) was $0.96[8] - Free cash flow for Q3 FY2026 was $296 million, with a free cash flow margin of 24%[8] Platform Adoption - Module adoption rates among subscription customers are increasing, with 49% adopting 6+ modules, 34% adopting 7+ modules, and 24% adopting 8+ modules[19] Market Opportunity - CrowdStrike estimates the cybersecurity total addressable market (TAM) to be $140 billion in CY2026 and $300 billion in CY2030[12, 14] Guidance - The company projects total revenue for Q4 FY2026 to be between $1.29 billion and $1.3 billion[32] - Non-GAAP income from operations for Q4 FY2026 is projected to be between $315.4 million and $319.4 million[32] - Full year FY2026 total revenue is expected to be between $4.7966 billion and $4.8066 billion[32]

By Kritika Lamba Dec 2 (Reuters) - CrowdStrike (CRWD) forecast fourth-quarter revenue above analysts' estimates on Tuesday, as the cybersecurity firm ​benefits from growing adoption of AI across its ‌product suite. Shares of the company fell 2% in premarket trading on Wednesday. The company has ‌been rolling out AI-driven features on its Falcon platform, including new detection and triage tools launched in September, as part of a broader push to consolidate security operations and attract customers ⁠see ...