Research archive for CRWD

CrowdStrike offers cybersecurity software and consulting services, and is a Vestact-recommended portfolio holding. It's probably our most future-focused and ambitious pick yet, because it's not profitable.

Last week, Vestact recommended stock CrowdStrike released a good set of quarterly numbers that handily beat analysts' expectations. The Sunnyvale, California-based cybersecurity company grew its earnings per share by 227% to 36 cents, while revenues jumped 58% to $535.2 million. Additions of new corporate subscribers to their security products continue to grow.

Late last week, cybersecurity company CrowdStrike released quarterly results which looked impressive. Annual recurring revenues (ARR) seems to be the metric that analysts really pay attention to here, because it looks at locked-in clients and excludes consulting jobs that were once off in nature. ARR grew 61% year over year, resulting in a 61% growth in revenues and a 46% increase in cash flow from operations.

Our latest recommended stock is cybersecurity company CrowdStrike. There are now 156 Vestact clients who own their shares. My favourite finance podcast, The Compound and Friends, recently interviewed the founder and CEO George Kurtz. I must say, I learnt a lot about the company in 30 minutes.

The newest recommended stock in the Vestact portfolio is cybersecurity company CrowdStrike. It's smaller than the others on our list, with a market capitalisation of just $43.7 billion. One of our "future heroes" we think.

On Wednesday night, Crowdstrike, one of our 'future hero' stocks reported their latest numbers. The stock has had a very volatile year so far. It started the year at $200, dropped to $175, then soared to $298 and is now back at $209. Your view of the stock will be very different depending on when you bought it.

On Tuesday after the market close, CrowdStrike released a good set of quarterly numbers that beat analysts' expectations. The Sunnyvale, California-based cybersecurity company grew its earnings per share by 266% to 11 cents, while revenues jumped 70% to $337.7 million year-on-year thanks to 1 660 new corporate subscribers, bringing the total to 13 080.

Yesterday big tech companies met with officials at the White House and committed billions of dollars towards cybersecurity initiatives. As the world digitises and we become more connected online, we become more vulnerable to cyber-attacks. Data theft and the interruption of crucial systems can impact millions of people. Governments around the world are pushing both private and public operators to protect their data.

You may have heard us speak about cybersecurity lately. We feel it is a good investment theme going forward. One of the leaders in the field is called CrowdStrike and they reported numbers last night which were very good.

It is always nice when a stock beats expectations. On Tuesday night Crowdstrike reported a stellar set of numbers. Their revenue grew 74%, thanks to an 82% increase in customers. Management expect revenue to grow by at least 50% in the next 12 months.

At Vestact our job is to think ahead and try to get you into sectors before they become mainstream. As part of our research process, we generally buy shares in our personal name that we think clients could own in the future because the best way to track a company is to have skin in the game. A stock that I bought earlier this year is a company called Crowdstrike. If you are an F1 fan, their logo appeared on the Mercedes car at some point this year.