Stockideas

CrowdStrike
(NASDAQ:CRWD)
CrowdStrike

CrowdStrike Holdings, Inc. provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT oper...
Founded: 2011
IPO date: 2019-06-12
IPO price: $34
Full Time Employees: 4,965
CEO / Founder: George P. Kurtz 
CFO: Burt Podbere 
CTO: Michael Sentonas 
Sector: Technology
Industry: Software-Infrastructure
Next Earnings Date: 2023-03-09
Stock price: $124.01 (-0.04%)
crwd stock
By: bahnhopf Ich bin gut   💬 25   
   on Nov 30, 2022

https://www.stockresearchhq.com/stocks/crwd if you see their user count you'd see the numbers start to flat out. this is similar to what they guided in the last q when you see consolidation from big companies. -20% ah is quite punishing though. $crwd


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antivirus
By: raspberry lazy guy   💬 31   
   on Nov 14, 2022

This is when people realize your Norton is running so slow on your machine that you cannot take it anymore and then you would start to look into this one. $crwd


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CrowdStrike Secures Significant Impact Level 4 (IL-4) Authorization to Protect Critical U.S. Department of Defense Assets
By: ssmlee04 Community Lead :))   💬 98   
   on Apr 07, 2022

https://www.crowdstrike.com/press-releases/crowdstrike-secures-significant-impact-level-4-authorization-to-protect-critical-us-dod-assets/

 CrowdStrike (Nasdaq: CRWD), a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced it has been granted a Provisional Authorization to Operate (P-ATO) at Impact Level 4 (IL-4).

$CRWD


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Cloudflare and CrowdStrike Expand Partnership to Bring Integrated Zero Trust Security to Devices, Applications and Networks
By: ssmlee04 Community Lead :))   💬 98   
   on Mar 19, 2022

https://cloudflare.net/news/news-details/2022/Cloudflare-and-CrowdStrike-Expand-Partnership-to-Bring-Integrated-Zero-Trust-Security-to-Devices-Applications-and-Networks/default.aspx

Cloudflare, Inc., the security, performance, and reliability company helping to build a better Internet, today announced it is expanding its partnership with CrowdStrike Holdings, Inc., a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data. Cloudflare is integrating its Zero Trust platform with CrowdStrike Falcon Zero Trust Assessment (ZTA) to give joint customers simple and powerful controls to ensure employees have secure access to applications wherever they are working. 

long $NET $CRWD


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interesting earnings next week
By: ssmlee04 Community Lead :))   💬 98   
   on Nov 27, 2021

$crwd. $Snow. $Okta. $Asan. $Docu. $Domo. $Estc. $ZS. Next week is gonna be interesting, lots of innovative high growth companies announcing their earnings next week.

https://i.imgur.com/t74lqCp.jpg


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Crowdstrike
By: ssmlee04 Community Lead :))   💬 98   
   on Oct 15, 2021

Crowdstrike. They know a lot about how to grow their customers. Up another 7% day 2 days ago.

https://i.stack.imgur.com/QtaKk.jpg

Prices going up is just a consequence of them being good.

$crwd


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Crowdstrike Q2 earnings call
By: ssmlee04 Community Lead :))   💬 98   
   on Sep 03, 2021

Crowdstrike Q2 revenue was 337.7m. And the growth yoy is around 70% compared to 199.0m a year ago. Subscription revenue is also growing at around 70%. It's great but considering their previous quarterly revenue growth yoy was 84.05%, 85.79%, 74.17%, 70.06% this is actually decreasing. And we might not see their growth rate going back to 80-100% area for a while. And there's a chance that might not happen again.

Net cash generated from operations was $108.5 million, compared to $55.0 million in the second quarter of fiscal 2021. Free cash flow was $73.6 million, compared to $32.4 million in the second quarter of fiscal 2021. So their cashflows are growing 100% yoy which is again really really impressive.

Their next quarter guidance beat is a measly 4%, and the yearly revenue growth is looking at 63% with gross profit margin again in the mid 70% area. Total number of subscribers go up to 13080 now, which is up from 7230 a year ago. And as we see more people using more modules that means they're able to continue to growth their user counts and upsell quickly.

Overall this is a great earnings call. It's just everything is probably already priced in since they have move up around 800% from dip last year. But this would definitely continue to be a company that you want to pay attention to in the long run. They're the leaders in some sort of end-point protection cybersecurity space.

Some of their achievements:
  • Added 1,660 net new subscription customers in the quarter for a total of 13,080 subscription customers as of July 31, 2021, representing 81% growth year-over-year.
  • CrowdStrike’s subscription customers that have adopted four or more modules, five or more modules and six or more modules increased to 66%, 53%, and 29%, respectively, as of July 31, 2021.
  • Ranked number one for Modern Endpoint Security 2020 revenue market share in IDC’s Worldwide Corporate Endpoint Security Market Shares, 2020 report and named as a Leader in the IDC MarketScape report for U.S. Managed Detection & Response Services 2021 Vendor Assessment.
  • Announced Falcon X Recon+, a new managed solution that simplifies the process of hunting and mitigating external threats to brands, employees and sensitive data.
  • Added multiple new CrowdStrike Store partner integrations in the quarter, including Rapid7, Google Cloud, ExtraHop and Siemplify.
  • Launched Falcon Complete for GovCloud, a U.S. FedRAMP compliant program, which provides cloud-native managed detection and response for the public sector.
  • Won a fourth consecutive Approved Security Product award from leading independent testing organization AV-Comparatives. Within the AV-Comparatives Malware Protection Test, Falcon Pro for Mac achieved 99.8% malware protection.
  • Named the winner of multiple partner-focused awards including the 2021 AWS Global Public Sector Partner Award for best cybersecurity solution, 2021 Canada AWS Partner Award as the ISV Partner of the Year and the Go-to-Market Technology Partner of the Year Award at Zscaler’s 2021 ZenithLive Cloud Summit.

long $CRWD

Source: https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-second-quarter-fiscal-year-2022-financial


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Crowdstrike Is Entering the Nasdaq-100 Index
By: ssmlee04 Community Lead :))   💬 98   
   on Aug 26, 2021

https://www.fool.com/investing/2021/08/25/crowdstrike-is-entering-nasdaq-100-index/

Crowdstrike rocketed higher Tuesday morning after an announcement that the company is entering

  • the Nasdaq-100 Index
  • the Nasdaq-100 Equal Weighted Index, and
  • the Nasdaq-100 Technology Index

prior to market open on Aug. 26

This is just another confirmation about how good the company is, but it's irrelevant of the company.

long $CRWD


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Tech crash continued
By: ssmlee04 Community Lead :))   💬 98   
   on Mar 09, 2021

It feels like tech stock has nowhere else to go but down and a market crash for tech is imminent. A lot of great tech companies are retracing 20-40% from the top already. A lot of stocks have really bearish charts like this. And it does not feel like this is going to end well.

https://i.imgur.com/bhc7qyk.png

But if you look back at the past couple of years things are getting out of control. Take Tesla for example, it rallies around 20x in 2 years. And even with the 35-40% drop from all time-high it is still up 12 times from the dip 2 years ago. But when you look at the fundamentals you'll see there's not a lot changed in the past 2 years. The number of deliveries in 2019 is around 360,000 and around 500,000 in 2020. Also, the revenue is around 50-100% higher in 2021 than 2019. And it's way less than the increase in the stock price multiples.

SaaS stocks are also like that. Many good SaaS names like $okta, $net, $ayx, $crwd, $docu, $zm, $hubs are also up 5x - 10x from where it was 3 years ago. And they're not even close to profitability. And even with the 20-40% drop from all-time high they're still trading at p/s multiples of over 20-40.

A p/s ratio of 40 means if you assume the current revenue run rate can last, and if 100% of the revenue is paid back to you in earnings it would still take 40 years for this investment to break even. So, arguably, even with the 20-40% drop in the stock price lots of the SaaS companies still would not be considered cheap.

So maybe this crash in tech is just things going back to the norm. During year 2000 it took the Nasdaq index almost 2 years to drop 80% and run the course before another bull market starts. And if this one follows a similar pattern that would potentially mean we still have about 23 months to go before we can safely get back to investing in tech stocks again. But of course it would also be entirely different than the tech bubble case in 2000.

So what happens next in the stock market would potentially be the make or break moment for tech in the next couple of years. Finger crossed. $tsla ^IXIC


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Twilio delivers surprise adjusted profit as revenue growth accelerates, stock up 10%
By: ssmlee04 Community Lead :))   💬 98   
   on Feb 18, 2021

https://www.cnbc.com/2021/02/17/twilio-delivers-surprise-adjusted-profit-as-revenue-growth-accelerates.html

In my opinion the reason why it is up is very simple: the valuation of Twilio when compared to $ddog or $crwd or $net or $okta is simply way cheaper. Take Datadog for example both of them growth their revenue in the 60% yoy area but dog has p/s ratio of 60 while Twilio is 43. That means Twilio is easily 30-40% cheaper for the same level of growth. Same thing for $okta, it is growing around 40% yoy and it has a p/s ratio of 48, which again means Okta is easily 20-30% more expensive than Twilio for the same level of growth.

Market is honestly not very efficient these days. There are just a lot of hidden jewels for you to pick up. Twilio has been cheaper in that sense compare to those companies since Marh 2020 dip and maybe that's why Twilio is up 6x while datadog is only up 3.5x since and Okta is only up 3x since. But whether or not you can hold it thru the rally is another story.


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2020 SaaS review
By: ssmlee04 Community Lead :))   💬 98   
   on Jan 03, 2021

2020 is an interesting year for SaaS companies. Some of them went public and gained huge success in the stock market. Some of them continued their rally from 2016-2019 and have another great year. Some of them have greater success than the others because of their business models in the work-from-home environment. And there's a common thing for those SaaS companies, that is: those companies probably developed something people want.

The following is a list of the top 15 SaaS performers in our database in the last 250 days as of December 31, 2020. https://i.imgur.com/xL1w2F2.jpg

Some of the companies here are getting a lot of attention this year. Terminologies like Zoom Fatigue even appeared in the second quarter. It seems everyone was talking about Zoom at some point. And that's reasonable because Zoom is the clear winner in this video conferencing space. They keep your company operational by providing you a smooth video call user experience for your employees and your clients. There are literally companies built on top of Zoom calls that provide you remote journey experiences, and they do great because of Zoom and Covid.

https://i.imgur.com/KWx3Ea2.png

Cybersecurity is also something to worry about for companies in 2020. Intuitively, when companies are working remotely it would be harder for companies to safeguard their infrastructure. That's when companies like CrowdStrike or Zscalar or Okta come into play. Okta help companies manage their employees' access identities. Zscalar and CrowdStrike protect your web infrastructure using technologies to derive insights from your data and protect your infrastructure in real-time or near real-time.

Also when a lot of people are working remotely you'd expect Internet usage to go up. Cloudflare is a CDN company that help websites serve their requests fast. Fastly is also doing similar things in the video CDN space and helps companies like TikTok serve their videos. And as more people spend more time on their mobile devices those companies also do well. And to support those web requests you need companies like Twilio to send you SMS messages or phone calls, without Twilio you might not even able to login to your apps.

Also when people are staying at home people have more time to get creative. So maybe people start selling stuff on Shopify or Etsy or Pinterest or create websites on Wix. And at the same time, you have marketing companies like Facebook or TradeDesk or Digital Turbine to help you advertise your stuff on mobile devices. The success stories for those SaaS companies are inter-connected.

There are many other interesting SaaS companies that are not mentioned above. They are not in the top 15 maybe because they're not directly related to the stay-at-home trend, but that doesn't mean they're less interesting. As a software engineer, I have to use application monitoring services, database services, image compression and processing services, mailing services... and many others. This is what makes a modern software company functional. And as long as your company is growing you would continue to add and look for the best services for your company. And when more companies are becoming software companies I can imagine those SaaS companies to have a great future ahead.

A few things in common here for the companies on the list:

  • They grow REALLY fast. A lot of the companies on the list are growing 40-80% a year.
  • They all have really high gross profit margins.
  • They're traded at a very high valuation. A lot of them have a p/s ratio of 40-60.
  • The majority of them are losing money.
  • They don't pay dividends.

A possible explanation is that there are no clear winners in the space they're operating in, so they're doing whatever it takes to make sure they win in the long run. And of course that means they cannot afford to pay dividends. Also they're all traded at astronomical levels of valuations maybe because they have high profit margins, and the future for those companies are expected to be good.

Take DocuSign for example. They're one of the pioneers in e-signature. But e-signature is some sort of niche market. You may come up with another e-signature solution with a small team but by the time you have the solution in place you might already be spending millions achieving zero revenue while DocuSign might grow revenue another 40%. In the end there's just not enough market share for you to survive. So it would not be a good idea to copy DocuSign business model, this makes DocuSign (and all the SaaS companies) unique in a way.

If you look back at Amazon anytime in the past 20 years you'll see it's always traded at high multiples. It is still traded at high multiples today but would anyone complain that Amazon is too expensive? Probably not. Because now we know Amazon is dominating in any spaces they're operating in, we just couldn't see it 20 years ago. So maybe there's a correction between winning and being expensive and that's why all the cloud stocks are expensive because there's a chance all of them are dominating in their space in the next 5-10 years.

But, of course, being expensive does not mean the company would be successful eventually. But if you want to look for something good in the next 5-10 years there's a chance it's on the list but you just don't know it yet.

$ZS $DBX $ZUO $AYX $DOCU $SMAR $DOMO $SVMK $AVLR $TTD $PCOM $NOW $WDAY $PD $WORK $ZEN $TEAM $VEEV $CLDR $SHOP $FSLY $TWLO $ADBE $AAXN $CRM $OKTA $GOOG $DT $ZM $SPLK $WIX $COUP $MDLA $LPSN $APPN $EPAY $AKAM $APPS $FIVN $BL $PANW $PFPT $CRWD $DDOG $NET $HUBS $NEWR $APPF $RNG $ESTC $BILL $GDDY $DCT $ECOM $PLAN $SNOW $SUMO $FROG $ASAN $JAMF $ADSK


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CrowdStrike Stock Pops; Cybersecurity Firm Swings To Profit As Revenue Beats
By: raspberry lazy guy   💬 31   
   on Dec 03, 2020

https://www.investors.com/news/technology/crowdstrike-stock-crwd-earnings-q3-2020/

This would bring a lot of cybersecurity or tech stocks up today for sure. $CRWD


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Advice for new investors
By: ssmlee04 Community Lead :))   💬 98   
   on Nov 10, 2020

I personally suggest people look into the business model of a company and understand why is it good. And once you find a company that works like Apple or Amazon or Google the next thing is to learn to stay invested for as long as possible. In retrospect finding Amazon or Apple or Google is not impossible it takes more intuition than hard work to discover them.

An example company that I'd like to use recently is Crowdstrike. This company grows 80% a year consistently, hiring like crazy during covid, cash is piling up so fast, CEO has a solid tech background, it's getting more popular on Google Trends... etc

And if you look into its business model you'll see revenue growing 80% a year could be very easy for modern SaaS companies like this. And maybe that means they have product market fit. And then you can continue to explore and research from here on. $CRWD


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CrowdStrike Climbs as Goldman Bullish on Growth Prospects
By: ssmlee04 Community Lead :))   💬 98   
   on Oct 07, 2020

https://www.thestreet.com/investing/crowdstrike-shares-climb-on-goldman-upgrade-to-buy $CRWD price target raised to $174 by Goldman Sachs. Not sure where would it go this time.


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Why CrowdStrike Stock Fell Sharply on Thursday
By: raspberry lazy guy   💬 31   
   on Sep 03, 2020

https://www.fool.com/investing/2020/09/03/why-crowdstrike-stock-fell-sharply-on-thursday/

This looks like a great opportunity to enter a hyper-growth companies that's growing at 80% pace year over year. You can't take 80% revenue growth for granted. $CRWD


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CrowdStrike
By: bennyhong lazy guy   💬 3   
   on Aug 31, 2020

CrowdStrike is a cloud-focused cybersecurity firm that utilizes machine learning and artificial intelligence to protect endpoints. This is vital in an age of rapid endpoint expansion


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Market turmoil early today
By: ssmlee04 Community Lead :))   💬 98   
   on Feb 21, 2020

There's a minor crash this morning. A lot of the tech stock dropped 5-10% in a short period of time but ended up only down a little. Tesla $TSLA was at a point down 6% and narrows the losses to 2% at close. $SPCE was up 10% in early trading session and quickly after 11:00am it plummeted to -10%, but it ended up closing only -0.19%. $CRWD and $DDOG and many great growth names are also down 6-10% before closing down only 2-3%. So if you panic during early session then you would not be doing well.

There are no news whatsoever to justify the crash. The only explanation is we're in a bull market for too long and market is very tense now. Anything happening in the market would cause some profit taking to happen.

The lesson is when you're in a bull market you shouldn't panic. If you're selling in early session then you would have a hard time buying them back. But since we're in the 10th year of the bull market anyone should have an exit plan just in case actual crash happens. But is it going to happen before the election? We'll see.

https://i.imgur.com/mKkNJ11.png


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CrowdStrike: Strike While Its Iron Is Hot
By: earningsfly lazy guy   💬 2   
   on Dec 21, 2019

https://seekingalpha.com/article/4312733-crowdstrike-strike-while-iron-is-hot

The company continues to disrupt the market for End Point security with a unique offering and a huge competitive moat. $CRWD


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201912 CrowdStrike (CRWD) opinion
By: ssmlee04 Community Lead :))   💬 98   
   on Dec 11, 2019

Excellent growth. Waiting for Trump free (bad) publicity to kick in maybe early next year. They collect trillions of data and use AI analyze those everyday and generate lots of insights to help you protect your network security. In theory this sounds doable.


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Gartner Endpoint Protection overview
By: ssmlee04 Community Lead :))   💬 98   
   on Nov 06, 2019

https://www.gartner.com/doc/reprints?id=1-1X9L7P3G&ct=191018&st=sb

Some charts in this link is worth take a look:

Vendors’ Product Scores for Type A Use Case

https://i.imgur.com/YVhWCJe.png

There are two other charts that shows similar things with Crowdstrike in the top 3.

Weighting for Critical Capabilities in Use Cases

https://i.imgur.com/Mjmlowg.png

So it's a great product. But somehow users don't like it.

This is quite a mixed signal, and wondering if that's related to why the price got slashed 60% in a short period of time. $CRWD


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