Research archive for CRWD

CrowdStrike has staged an impressive rebound, recently hitting new all-time highs, just under a year after being at the centre of one of the most disruptive IT outages in recent memory.

We are investors in the cybersecurity industry through CrowdStrike, but Palo Alto Networks is their most significant competitor. The latter just posted some decent results with revenue up 15% year-on-year to $2.3 billion. Profit dipped slightly as the company poured more into R&D and operations.

When markets are jittery they tend to overreact to news. On Tuesday night, Crowdstrike reported stronger-than-expected numbers for their past quarter but marginally missed profit expectations for the year ahead. As a result, the stock closed down 6.4% yesterday.

Cybersecurity firm CrowdStrike is a Vestact-recommended stock. They are based in Austin, Texas, and compete with SentinelOne, Microsoft Defender, and Palo Alto. Their core product is called Falcon which does endpoint detection and response, which replaces legacy anti-virus systems. They also do forensic investigations and data protection consulting.

CrowdStrike released quarterly earnings on Wednesday night. The shares initially fell 4% in after-hours trading but quickly turned around and are now 6% higher from Tuesday's close. The cybersecurity firm beat analyst expectations with adjusted earnings per share of $1.04 versus the anticipated 97 cents. Revenue was $963.9 million, a 32% YoY increase, with net income rising to $47 million, up from $8.47 million the previous year.

It's been estimated that around $5.4 billion was lost from the CrowdStrike outage according to Axios. On average, affected companies lost around $43.6 million each. The healthcare sector took the biggest hit, forgoing business of around $1.9 billion, while airlines gave up about $850 million in revenue. Sadly it seems that only around 20% of these lost sales were insured.

Now that was a classic case of commentators curse!. After writing a very positive piece about what a great company CrowdStrike is, that very same morning, they became the face of the biggest IT failure in history. Ouch, terrible timing.

I am a strong believer that good things happen to good companies. In other words, if a company improves society in some way or another, then naturally they are going to get extra support from both the government and the private sector.

CrowdStrike have had an exciting few weeks, building partnerships and announcing new products. As mentioned recently in Linkfest, the already strong partnership with Google took a leap forward after it was announced that CrowdStrike's threat-hunting team will now run Mandiant (a cybersecurity firm owned by Google).

CrowdStrike have had an exciting few weeks, building partnerships and announcing new products. As mentioned recently in Linkfest, the already strong partnership with Google took a leap forward after it was announced that CrowdStrike's threat-hunting team will now run Mandiant (a cybersecurity firm owned by Google).

In today's digital age, our lives are increasingly intertwined with the online world, making us susceptible to cybercriminals.

On Tuesday, our preferred cybersecurity company CrowdStrike released quarterly results, which were very well received. The stock shot up 24% in after-market trade but only ended up 10% the next day. We'll take it.

CrowdStrike has had a phenomenal 12 months, up nearly 150% since January 2023. Up until September, it was tracking the Nasdaq but then exploded higher in the last three months of the year. As it turns out, this business is one of the best direct AI plays on the market.

CrowdStrike, one of our "future hero" stocks, reported market-beating numbers on Tuesday night, and the share price popped 10% yesterday. You will recall that CrowdStrike is a leading cybersecurity company, that uses AI to identify threats in real time without draining too many resources from your computer or phone.

CrowdStrike is Vestact's most "out there" recommended stock. It's a cybersecurity software service provider that is growing fast. CrowdStrike jumped 9.3% yesterday after reporting strong second quarter numbers. Their revenue shot up nearly 37% year-on-year to $731.6 million. Earnings per share also grew from $0.36 to $0.74, surprising everyone in a good way.