Got five things to know ahead of the opening bell. President Trump saying that the US will provide insurance to tankers in the Persian Gulf to get traffic moving through the straight of Hormuz. You can see we were we had a five handle for very briefly on crew now almost 75.Nvidia, Amazon, Alphabet among the tech companies that have been scrambling to ensure the safety of their employees who are based in or traveling through the Middle East. Nvidia has temporarily closed its Dubai offices with employees ther ...

Core Insights - CrowdStrike Holdings, Inc. is experiencing increased demand for its cybersecurity solutions, driven by the evolving threat landscape influenced by artificial intelligence [1][5] Financial Performance - For the fourth quarter, CrowdStrike reported revenue of $1.31 billion, surpassing analyst expectations of approximately $1.30 billion [2] - The company anticipates first-quarter revenue between $1.36 billion and $1.364 billion, exceeding estimates of $1.354 billion [2] - Fiscal 2027 revenue is projected to be between $5.87 billion and $5.93 billion, slightly above estimates of $5.86 billion [2][9] Growth Metrics - CrowdStrike achieved a record annual recurring revenue (ARR) of $5.25 billion, a 24% increase year-over-year, with quarterly net new ARR reaching $331 million, up 47% year-over-year [4] - The company generated $376 million in free cash flow for the quarter and $1.24 billion for the fiscal year [4] AI Impact - AI is enhancing CrowdStrike's product offerings while simultaneously increasing cyber risks, leading to heightened demand for the Falcon platform [5] - The Threat Graph system processes extensive security telemetry, analyzing trillions of daily security events, providing a competitive edge over generic AI models [5][6] Product Adoption - The Falcon platform is gaining traction, with about half of subscription customers utilizing six or more modules [7] - The Falcon Flex subscription model is seeing increased adoption, with over 1,600 Flex customers reported [8] Future Outlook - The company expects fiscal 2027 ARR to be between $6.47 billion and $6.52 billion, supported by a strong pipeline and expanding partnerships [9] - Full-year adjusted earnings are projected to be in the range of $4.78 to $4.90 per share, compared to estimates of $4.82 per share [9]

Core Insights - NETSCOUT SYSTEMS, INC. released its second half of the year 2025 Distributed Denial-of-Service (DDoS) Threat Intelligence Report, highlighting a significant increase in DDoS attacks globally [1] - The report indicates that over eight million DDoS attacks occurred worldwide, with some attacks reaching sizes of up to 30 terabits per second (Tbps), showcasing a new era of hyper-scale, coordinated threat activity [1] Summary by Categories DDoS Attack Trends - The report reveals that more than eight million DDoS attacks were recorded globally [1] - Some of these attacks reached sizes as large as 30 terabits per second (Tbps) [1] Attacker Collaboration and Infrastructure - The findings indicate sophisticated collaboration among attackers, which has contributed to the increase in DDoS incidents [1] - Resilient botnets and compromised IoT infrastructure are identified as key factors driving the surge in DDoS attacks [1]

Market Overview - U.S. stock futures increased after a volatile session, with investors monitoring the ADP private payrolls report and quarterly results from Broadcom, Abercrombie & Fitch, and Okta [1] - The 10-year Treasury bond yield was at 4.08%, while the two-year bond yield stood at 3.53%, with a 97.3% likelihood of the Federal Reserve maintaining current interest rates in March [1] Index Performance - Dow Jones increased by 0.17% - S&P 500 rose by 0.32% - Nasdaq 100 gained 0.36% - Russell 2000 saw a rise of 0.45% [2] Company Focus - Okta Inc is expected to report Q4 earnings per share (EPS) of $0.62 on revenues of $749.58 million [4] - Broadcom, Abercrombie & Fitch, and Okta are highlighted as key companies to watch in the upcoming session [2] Economic Data - The February ADP National Employment Report will be released at 8:15 AM ET, followed by the final S&P U.S. services PMI at 9:45 AM ET, ISM services data at 10:00 AM ET, and the Fed's Beige Book at 2:00 PM ET [5] Commodities and Crypto - WTI Crude oil futures rose by over 2.2% to approximately $77 per barrel, while Brent crude increased by $2.67, or 3.3%, to $84.07 per barrel [3] - Gold Spot prices increased by 1.5% to $5,162.06 per ounce, with futures up 0.82% at $5,165.30 [3] - Bitcoin was trading at $69,265.34, up 2.16% in the past 24 hours [6]

Core Insights - Mimecast's 9th annual State of Human Risk Report indicates a significant rise in malicious insider incidents, with 42% of organizations reporting an increase, matching the same percentage for negligent incidents, highlighting a shift in enterprise security concerns [1][2] Summary by Categories Malicious Insider Incidents - The percentage of organizations reporting increases in malicious insider incidents rose from 33% in 2024 to 42% in 2026, marking a nearly 10 percentage point increase over two years [2] - Organizations experience an average of six insider-driven incidents per month, with an estimated cost of $13.1 million per incident [2] Security Challenges - Insider risk is identified as a critical and underestimated threat, with attackers increasingly exploiting insiders to bypass perimeter defenses [3] - 91% of organizations face challenges in maintaining governance and compliance over communications data, which hampers their ability to effectively detect and respond to incidents [6][8] - 65% of organizations find security tool integration complicated, while attackers face no such constraints, leading to vulnerabilities in defense efforts [7] AI and Security - AI is seen as a force multiplier for both external attackers and malicious insiders, with 69% of security leaders believing AI attacks are inevitable within 12 months, yet 60% are not fully prepared [5][8] - The attack surface is expanding due to the use of email, GenAI platforms, and collaboration tools, but security strategies have not kept pace, with 38% of organizations relying solely on native security controls [4][8] Recommendations for Improvement - Organizations need to adopt a holistic strategy that integrates communication channels, collaboration platforms, and employee behaviors to address human risk effectively [11][12] - Successful integration of security measures can lead to faster threat remediation, improved visibility, and better compliance readiness, with 40% of organizations reporting such benefits [10]

Market Overview - U.S. stocks closed lower due to rising tensions in the conflict with Iran, with the Dow Jones Industrial Average down 0.8% to 48,501.27, the S&P 500 down 0.9% to 6,816.63, and the Nasdaq Composite down 1.02% to 22,516.69 [1] CrowdStrike Holdings Inc. - CrowdStrike stock increased by 1.70% to close at $391.42, with an intraday high of $394.92 and a low of $367.99, within a 52-week range of $566.90 high and $298.14 low [2] - The company reported fourth-quarter revenue of $1.31 billion, exceeding estimates, with subscription revenue rising 23% year-over-year and annual recurring revenue reaching $5.25 billion, driven by AI adoption opportunities [2] Mobix Labs - Mobix Labs shares surged 532.77% to $1.12, with an intraday high of $1.24 and a low of $0.39, within a 52-week range of $1.44 high and $0.13 low [3] - The stock rose after securing a production purchase order for high-reliability filtering components for the U.S. Navy's Tomahawk cruise missile program, indicating increased demand from missile manufacturing schedules [3] Micron Technology Inc. - Micron's stock fell by 7.99% to $379.68, with a high of $390.09 and a low of $374.55, against a 52-week high of $455.48 and a low of $61.54 [4] Target Corporation - Target's stock advanced 6.77% to $120.80, with an intraday high of $122.43 and a low of $115, within a 52-week range of $122.43 high and $83.44 low [5] - The retailer exceeded profit expectations with adjusted earnings of $2.44 per share despite a slight sales dip, driven by growth in food, beauty, and toys, while gross margins improved to 26.6% due to lower costs and advertising gains [5] Moderna Inc. - Moderna's stock decreased by 5.71% to $49.83, with an intraday high of $51.86 and a low of $48.09, within a 52-week range of $55.19 high and $22.29 low [6] - The stock rebounded by 8.35% to $53.99 in after-hours trading [6]

Core Insights - The CEO of CrowdStrike highlighted an 'elevated demand' for the Falcon cybersecurity platform, particularly in the context of the growing importance of AI technologies [1] Company Summary - CrowdStrike's Falcon cybersecurity platform is experiencing increased demand, which is attributed to the rise of AI and its implications for cybersecurity [1]

Core Insights - CrowdStrike reported a 23% year-over-year growth in total Q4 revenue, reaching $1.31 billion, driven by subscription revenue of $1.24 billion and professional services revenue of $63.1 million [1][6] - The company achieved record non-GAAP gross margins of 79% and subscription gross margins of 81%, attributed to cloud optimization [1] - Ending Annual Recurring Revenue (ARR) reached $5.25 billion, marking a 24% year-over-year growth [1][6] - CrowdStrike's net new ARR for Q4 was $331 million, up 47% year-over-year, and for the full fiscal year, it was $1.01 billion, up 25% year-over-year [2][6] Financial Performance - The company generated record quarterly free cash flow of $376 million, representing 29% of revenue, and record quarterly operating income of $326 million, which is 25% of revenue [1][6] - For the fiscal year, CrowdStrike reported $1.24 billion in free cash flow, accounting for 26% of revenue, and $1.05 billion in operating income, exceeding $1 billion for the first time [1] Product and Service Highlights - The Falcon Flex subscription model is significantly contributing to growth, with ending ARR from Falcon Flex reaching $1.69 billion, up over 120% year-over-year [4][9] - The adoption of AI-driven products is accelerating demand, with the flagship agent Charlotte seeing usage increase more than 6x year-over-year [5][8] - The next-generation identity, cloud, and SIEM segments collectively achieved over 45% year-over-year growth, with combined ending ARR exceeding $1.9 billion [12][16] Future Outlook - CrowdStrike raised its fiscal 2027 ARR guidance to between $6.466 billion and $6.516 billion, anticipating net new ARR of $1.213 billion to $1.264 billion [14] - The company expects Q1 FY2027 ARR to be between $5.502 billion and $5.504 billion, with revenue guidance of $1.360 billion to $1.364 billion [13][14] - The company is changing the sales commission amortization period from four to five years, which is expected to enhance non-GAAP operating income by $85 million to $95 million in FY2027 [15] Customer Engagement - More than 1,600 customers have adopted the Falcon Flex model, with over 350 new customers added in the quarter [9] - The company reported a gross retention rate of 97% and a dollar-based net retention rate of 115% [11]

Core Insights - CrowdStrike Holdings, Inc. reported its best year yet in FY2026, driven by elevated demand for its Falcon platform, particularly due to AI advancements [1] - The company achieved record financial metrics, including net new ARR and free cash flow, highlighting its strong market position and growth potential [5][6] Financial Performance - Record net new ARR of $331 million for Q4, growing 47% year over year, and $1.01 billion for the year, up 25% year over year [5] - Ending ARR reached $5.25 billion, marking a 24% year-over-year growth [5] - Record free cash flow of $376 million for Q4, representing 29% of revenue, and $1.24 billion for the year, or 26% of revenue [6] - Operating income for Q4 was $326 million, or 25% of revenue, with a total of $1.05 billion for the year [6] Market Position and Strategy - The company is positioned as a leader in cybersecurity, particularly in the context of AI, with a focus on securing AI applications and infrastructure [1][11] - The Falcon platform is described as a vertically integrated net data creator and third-party data aggregator, providing unique real-time data that enhances its cybersecurity offerings [12] - The introduction of the Falcon Flex subscription model has significantly boosted customer adoption and revenue, with over 1,600 customers now using it [19] AI and Cybersecurity - AI is seen as both a driver of demand for cybersecurity solutions and a tool that adversaries are using to enhance their attack capabilities [1][9] - The company emphasizes the importance of securing AI at multiple layers, including hardware, cloud, and applications, to protect against emerging threats [14][15] - The AI revolution is expected to create a significant growth opportunity for CrowdStrike, as organizations increasingly require robust security measures for their AI deployments [42] Customer Engagement and Retention - The company reported a dollar-based net retention rate of 115% and a gross retention rate of 97%, indicating strong customer loyalty and expansion [7] - The Falcon Flex model has led to increased customer engagement, with many customers adopting multiple modules and experiencing significant ARR lifts [20][21] Future Outlook - CrowdStrike anticipates continued growth in FY2027, with expectations for net new ARR to reach between $1.213 billion and $1.264 billion, reflecting a year-over-year growth rate of 20% to 25% [49] - The company is confident in its ability to leverage AI and its platform capabilities to drive future growth, with a strong pipeline entering FY2027 [38][43]

CrowdStrike forecasts fiscal 2027 revenue above estimates on cybersecurity tools demand | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]CrowdStrike logo is seen in this illustration taken July 29, 2024. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies- Summary- Company forecasts first- quarter revenue above estimates- Fourth-quarter revenue rises 23% to $1.31 billion- Costs from Windows outage a ...