CRWD

CrowdStrike Holdings, Inc.

TMT


Presented:06/24/2019
Price:$67.97
Cap:$13.37B
Current Price:$302.31
Cap:$74.11B

Presented

Date06/24/2019
Price$67.97
Market Cap$13.37B
Ent Value$3.34B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S196.69M
Ave Daily Vol5,835,160
Short Int0.96%

Current

Price$302.31
Market Cap$74.11B
CrowdStrike Holdings, Inc. operates as a holding company. It provides cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. The company was founded by George P. Kurtz and Dmitri Alperovitch on November 7, 2011 and is headquartered in Sunnyvale, CA.

Publicly traded companies mentioned herein: BlackBerry Ltd (BB), Carbon Black Inc (CBLK), Crowdstrike Holdings Inc (CRWD), Elastic NV (ESTC), Intel Corp (INTC), Splunk Inc (SPLK), Symantec Corp (SYMC)

Highlights

The presenter is short shares of Crowdstrike Holdings Inc (CRWD), the endpoint security system that recently IPOed and is the first cloud-native security platform. He doesn’t buy into CRWD’s high valuation (17x FY’21 EV/Revenue), noting that cloud platforms don’t exist in security because it’s hard to achieve product efficacy in various places. Instead, it is more likely that the company will eventually focus just on Endpoint Detection and Response (EDR), limiting its TAM. Between the limited TAM, industry risks, and competitive risks, the presenter finds the current ~$70 stock price to be overvalued. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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