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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike CEO George Kurtz: We started talking about AI before it was fashionableCrowdStrike President and CEO George Kurtz joins 'Mad Money' host Jim Cramer to talk AI's usecase when it comes to cybersecurity, quarterly earnings and more.
Persons: George Kurtz, Jim Cramer
George Kurtz, CEO of cybersecurity company CrowdStrike , spoke with CNBC's Jim Cramer on Wednesday about the company's focus on automation and the use of generative artificial intelligence to launch Charlotte AI, a "virtual security analyst." "Generative AI is a new type of artificial intelligence, and essentially Charlotte AI is our, is our virtual security analyst," Kurtz said. Kurtz explained that Charlotte AI can help automate the duties of a security operations center (SOC) analyst, or someone who deals with cybersecurity duties on a day-to-day basis. The program is intended to lessen mundane work that analysts perform, turning tasks that may have taken hours into ones that take only minutes, he said. According to Kurtz, analysts can have conversations with Charlotte AI and ask questions about security threats in the environment, how it applies to their industry, what assets are at risk, how to fix those assets — and even create a report about the situation.
Persons: George Kurtz, CrowdStrike, CNBC's Jim Cramer, Kurtz, Charlotte, it's, Charlotte AI, we've Organizations: Charlotte
Watch CNBC's full interview with Crowdstrike CEO George Kurtz
  + stars: | 2023-06-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Crowdstrike CEO George KurtzGeorge Kurtz, Crowdstrike CEO, joins 'Closing Bell Overtime' to discuss its new A.I. tool, the state of U.S. cybersecurity, and more.
Persons: George Kurtz George Kurtz Locations: U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdstrike CEO George Kurtz: New A.I. tool 'Charlotte' acts as a 'virtual security analyst'George Kurtz, Crowdstrike CEO, joins 'Closing Bell Overtime' to discuss its new A.I. tool, the state of U.S. cybersecurity, and more.
Persons: George Kurtz, Charlotte Locations: U.S
CrowdStrike CEO George Kurtz goes one-on-one with Jim CramerCrowdStrike CEO George Kurtz sits down with 'Mad Money' host Jim Cramer to discuss quarterly results, A.I. capabilities, and government partnerships.
Persons: George Kurtz, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Adversarial A.I.' made to take down security technology, says CrowdStrike CEO George KurtzCrowdStrike CEO George Kurtz sits down with 'Mad Money' host Jim Cramer to discuss quarterly results, A.I. capabilities, and government partnerships.
Persons: George Kurtz, Jim Cramer
CEO of cybersecurity firm CrowdStrike George Kurtz told CNBC's Jim Cramer on Thursday that his company is ready to take on "adversarial AI," or antagonists — often outside of the country — who use AI technology to hack into systems for nefarious purposes. Kurtz stressed that his company has been working to fight these adversaries for some time, and that their intelligence and strength should not be underestimated. "Nation-state adversaries are using the same technologies — generative AI and other techniques — to try and defeat systems," he said. "So, it's one of those areas you have to have the best AI, you have to have the best data set, which we believe this kind of human-annotated information that we have to be able to train our generative AI algorithms, but yeah — it's an arms race, and we think we're positioned well." The legacy technologies were not capable of stopping breaches, he said, adding that many of their incident response engagements are Microsoft customers.
Persons: CrowdStrike George Kurtz, CNBC's Jim Cramer, , Kurtz, it's, CrowdStrike's Organizations: U.S . Department of Defense, Microsoft
CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. : 57 cents, adjusted, vs. 51 cents expected. Revenue: $692.6 million, vs. $676.4 million expected. CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago. The company offered current quarter guidance of $717.2 million to $727.4 million, compared with a consensus range of $698 million to $742 million.
Persons: CrowdStrike, George Kurtz, Burt Podbere, Kurtz Organizations: Revenue, Nasdaq, Microsoft, U.S . Navy, National Security Agency, U.S . Department of Justice Locations: cybersecurity, China, U.S, Guam
CrowdStrike Takes Big Swing at Microsoft
  + stars: | 2023-04-06 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
George Kurtz, chief executive officer of CrowdStrike Inc., said Microsoft uses the same model as rivals, which he described as a failure. Give CrowdStrike credit at least for trying to punch up. The provider of cloud-based cybersecurity software has been one of the hottest names in the space, and for good reason. Revenue growth has averaged 67% annually over the last three years—well above the 45% average growth over that time shown by other cloud-software companies generating at least $2 billion in annual revenue. Still, CrowdStrike’s annual revenue is about what Microsoft Corp. generates in sales every four days, and the tech giant has recently locked its gaze on CrowdStrike’s end of the security market with offerings such as its Defender software.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOrganizations are understanding security is key to saving money, says CrowdStrike CEOMad Money host Jim Cramer talks to CrowdStrike CEO George Kurtz about the company's earnings and strategy going forward, as well as the importance of keeping security up to date.
Barclays raises price target on Zillow (Z) to $30 per share from $24 but keeps underweight (sell) rating. Industrial gas and engineering giant Linde (LIN) gets another price target boost: UBS goes to $410 per share from $375. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
CrowdStrike CEO George Kurtz on cybersecurity in 2023
  + stars: | 2023-01-05 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike CEO George Kurtz on cybersecurity in 2023CrowdStrike CEO George Kurtz and CISA Director Jen Easterly join ‘TechCheck’ to outline expectations for cybersecurity in 2023 and the broader threat outlook over the next year.
Nov 30 (Reuters) - A warning from Crowdstrike Holdings Inc (CRWD.O) that clients were cutting back on spending and delaying purchases due to an economic slowdown slammed cybersecurity stocks on Wednesday, inflicting fresh pain on the battered sector. "Increased macroeconomic headwinds elongated sales cycles with smaller customers and caused some larger customers to pursue multi-phase subscription start dates," Crowdstrike Chief Executive Officer George Kurtz said. The results are the latest in a series of dour reports from cybersecurity firms, whose business boomed during the pandemic but is now seeing a slowdown, making them a hot target for private equity buyouts. "Resilient, but not immune is a theme that will likely dominate the narrative during our October quarter-cohort earnings cycle," Piper Sandler analysts said. Still, some analysts see long-term benefits from the rising demand for cybersecurity as more businesses take to the web and high-profile hacks force companies to be more cautious.
Even CrowdStrike Isn’t on Safe Ground
  + stars: | 2022-11-30 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
George Kurtz, CrowdStrike’s CEO, cited an 11% rise in the days required to close sales deals in the most recent quarter. At least no one can accuse CrowdStrike Holdings of playing it safe. The provider of subscription-based security software has been one of the hottest names in the cloud sector since going public in mid-2019. That is due to sky-high revenue growth rates that—before its fiscal third-quarter results late Tuesday—had averaged 68% year over year over the previous eight quarters. CrowdStrike is currently generating a little more than $2.2 billion in annual revenue—nearly five times what it made in the fiscal year that ended in January 2020.
CrowdStrike shares fell more than 17% in premarket trading Wednesday, a day after the cybersecurity company reported third-quarter results that said new revenue growth was weaker than expected. More than $198 million was net new ARR added in the quarter, which ended Oct. 31. Last year, CrowdStrike's ARR increased by more than 67% in the third quarter, and the company added 1,607 net new subscription customers for that same period. Analysts at Morgan Stanley also said CrowdStrike's results were "disappointing," but they said estimates did not reflect the current macroeconomic environment. An analyst at Stifel said CrowdStrike's results were "disappointing" and downgraded the stock from buy to hold.
CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected. More than $198 million was net new ARR added in the quarter, which ended Oct. 31. The company also added 1,460 net new subscription customers for the quarter. Last year, CrowdStrike's ARR increased by more than 67% in the third quarter, and the company added 1,607 net new subscription customers for that same period. Prior to the after-hours move, shares of CrowdStrike were down more than 32% so far this year.
Tech Meets the Track: George Kutz & Toto Wolff on F1
  + stars: | 2022-10-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech Meets the Track: George Kutz & Toto Wolff on F1Ahead of the Austin Grand-Prix, Crowdstrike CEO George Kurtz and Mercedes-AMG Petronas Formula One Team Principal and CEO Toto Wolff sit down exclusively with CNBC TechCheck's Deirdre Bosa. They discuss the technology behind F1 racing, the sport's surge in popularity post-Netflix series, and the outlook for demand in a softer economy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike's modular format appeals to customers facing economic downturnCrowdStrike Co-Founder and CEO, George Kurtz joins 'TechCheck' to discuss the appeal of CrowdStrike's modular format for companies looking to consolidate, their recent acquisitions, and the scope of vulnerabilities facing cybersecurity.
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