To unite their AI-native endpoint security with next-generation firewall protection, CrowdStrike (CRWD, Financials) formed a strategic agreement with Fortinet (FTNT, Financials). Combining CrowdStrike's Falcon cybersecurity technology with Fortinet's FortiGate firewalls helps this alliance enhance consumer protection across networks, applications, and endpoints.
The partnership aims to provide improved visibility, detection, and reaction capability by combining network and endpoint protection, thereby tackling present cybersecurity issues. Combining these technologies would provide comprehensive, real-time protection against sophisticated threats and streamline security operations.
Fortinet's hardware has custom-built ASICs known for their energy efficiency and faster firewall performance. With its AI-driven threat intelligence, CrowdStrike's Falcon platform maintains the standard for endpoint protection.
As increasingly complex, multi-layered security solutions become accessible to consumers and partners of both companies, they stand to benefit from the relationship.
Recently, CrowdStrike has been rapidly expanding its offerings. One clear shift is their Falcon Next-Gen SIEM (Security Information and Event Management) technology, which they presented at Fal.Con 2024, their primary user conference. Security operations centers may use this new platform to improve response times, speed up threat detection, and simplify operations. It aggregates artificial intelligence-powered tools, most notably CrowdStrike Charlotte AI, which facilitates incident investigation and rapid response actions.
CrowdStrike has been doing financially very well over recent months. Having a second quarter of fiscal 2024 income of $963.87 million, the company saw a 31.74% yearly year-over-year rise, and reflecting a 33% annual growth rate, the company's profits over the last 12 months come to $3.52 billion.
The next revenue statement from CrowdStrike should arrive in late November 2024.
