Dec. 3, 2020
Summary
CrowdStrike reported phenomenal Q3’2021 results. Growth accelerated from Q2 to achieve $907M ARR, of which 92% came from subscriptions. Net dollar-based net retention rate exceeded 120%.
Underlying the rapid growth were CrowdStrike’s impressive AI-enabled Threat Graph and its ability to add capabilities to fortify customer defenses and identity-based attacks. Okta became a partner and customer!
Signs of economies of scale and sustainability are crystal clear as CrowdStrike reduced GAAP operating loss YoY and generated free cash flow for the fifth consecutive quarter.
Coupled with a 10% CAGR of the total addressable market and under-investment in cloud security worldwide, CrowdStrike has so much room to grow from here.
CrowdStrike's outstanding performance deserves to trade at a premium at 36x EV/Sales.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
Recent CRWD News
- CrowdStrike Named a Leader in 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms for Fifth Consecutive Time • Business Wire • 09/25/2024 05:11:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/24/2024 08:06:16 PM
- CrowdStrike Named a Leader in Attack Surface Management by Independent Research Firm • Business Wire • 09/24/2024 01:53:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/23/2024 10:58:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/23/2024 09:47:24 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/23/2024 06:13:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/23/2024 04:08:00 PM
- CrowdStrike Holdings, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before September 30, 2024 to Discuss Your Rights - CRWD • PR Newswire (US) • 09/23/2024 09:45:00 AM
- Seraphic Security Brings Secure Enterprise Browsing to CrowdStrike Marketplace • PR Newswire (US) • 09/20/2024 01:00:00 PM
- CrowdStrike Recognizes Global Customer and Partner Champions at Fal.Con 2024 • Business Wire • 09/19/2024 12:00:00 PM
- September 30, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against CRWD • PR Newswire (US) • 09/19/2024 09:45:00 AM
- New CrowdStrike Falcon Platform Innovations Unify End-to-End Security and IT Operations to Remove Complexity and Stop Breaches • Business Wire • 09/18/2024 04:00:00 PM
- CrowdStrike Unveils Falcon Cloud Security Innovations to Unify Protection Across Cloud Infrastructure, Applications, Data and AI Models • Business Wire • 09/18/2024 04:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 11:00:05 PM
- CrowdStrike Launches CrowdStrike Financial Services, Accelerating Platform Consolidation • Business Wire • 09/17/2024 05:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 05:11:25 PM
- CrowdStrike Expands Cybersecurity Startup Accelerator with AWS and NVIDIA to Support the Next Generation of Global Cloud Security Companies • Business Wire • 09/16/2024 12:00:00 PM
- Lost Money on CrowdStrike Holdings, Inc.(CRWD)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm • PR Newswire (US) • 09/16/2024 09:45:00 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- CrowdStrike and 1Password Expand Partnership to Protect 150,000 Customers and Empower SMBs • Business Wire • 09/12/2024 04:00:00 PM
- Shareholders that lost money on CrowdStrike Holdings, Inc.(CRWD) should contact The Gross Law Firm about pending Class Action - CRWD • PR Newswire (US) • 09/12/2024 09:45:00 AM
- Fal.Con 2024 Welcomes Record Number of Partner Sponsors to the Cybersecurity Event of the Year • Business Wire • 09/09/2024 06:28:00 PM
- CrowdStrike Appoints Kartik Shahani as Vice President of India and South Asian Association for Regional Cooperation (SAARC) • Business Wire • 09/09/2024 02:07:00 PM
- Investors who lost money on CrowdStrike Holdings, Inc.(CRWD) should contact The Gross Law Firm about pending Class Action - CRWD • PR Newswire (US) • 09/09/2024 09:45:00 AM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of CrowdStrike Holdings, Inc.(CRWD) Shareholders • PR Newswire (US) • 09/05/2024 09:45:00 AM
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