CRWD

CrowdStrike Holdings, Inc.

TMT


Presented:01/27/2020
Price:$58.06
Cap:$11.93B
Current Price:$302.31
Cap:$74.11B

Presented

Date01/27/2020
Price$58.06
Market Cap$11.93B
Ent Value$9.42B
P/E RatioN/A
Book Value$3.49
Div Yield0%
Shares O/S205.55M
Ave Daily Vol4,517,807
Short Int21.85%

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), Cisco Systems Inc (CSCO), Crowdstrike Holdings (CRWD), International Business Machines Corp (IBM), Oracle Corp (ORCL), salesforce.com Inc (CRM), ServiceNow Inc (NOW), VMware Inc (VMW)

Highlights

The presenter is long shares of Crowdstrike Holdings (CRWD) and believes the $12.2B cybersecurity provider is well-positioned as a leader in endpoint detection and response (EDR), and will continue to take market share due to weaker competition and a large cybersecurity TAM. Crowdstrike has $834MM in cash and has seen rapid revenue growth in the last few years: 125% in FY2018, 110% in FY2019, 94% in FY2020 as of Q3 (Fiscal year ending January 31st). While the Street models aggressive revenue deceleration, the presenter doesn’t expect this to occur in the next two years, and views this as an attractive entry point as the stock has pulled back from ~$100 per share to ~$58 on the unlocking of IPO shares in December 2019. Over the next year, he expects the stock to appreciate from ~$58 per share (~16x consensus FY2023 sales) towards its prior high of ~$100 per share. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.