CrowdStrike Continues Its Good Results
Jun 6, 2024
CrowdStrike's Q1 results were excellent: revenues and annual recurring revenue up 33%, and strong cash flow trends. The Falcon platform continues to be one that large and small companies are standardizing on for security. Management is focusing on its path to $10 billion in ARR, from about $4 billion today. Still a lot of growth in this one! The stock price is a bit high though, even after a slight fair value bump to $251 (from a previous $249).
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Watch List
| CMG | 92.77% |
| GTLB | 13.00% |
| SMAR | -2.04% |
| VEEV | -1.61% |
| WDAY | -2.38% |
| SNPS | 90.72% |
| SNOW | -2.81% |
| SE | -0.81% |
| ENLT | 1.00% |
| MA | -3.89% |
| SPT | 8.12% |
| PINS | 51.97% |
| GOOG | 52.85% |
| MSFT | -0.90% |
vs. Fair Value Estimates
Buy List
| ASR | -31.62% |
| CELH | -33.62% |
| PAYC | -49.46% |
| HRMY | -53.58% |
| YOU | -59.33% |
| FTNT | -33.77% |
vs. Fair Value Estimates
Hold List
| FLYW | -21.95% |
| TOST | -12.64% |
| CPNG | -4.77% |
| HIMS | 18.76% |
| MNDY | 27.39% |
| GLBE | -17.57% |
| ZS | 27.28% |
| V | -19.73% |
| ADSK | -8.01% |
| NOW | 13.03% |
| ABNB | -18.48% |
| MELI | -20.45% |
| TEAM | -6.41% |
| ADBE | -4.05% |
| CRWD | 52.67% |
vs. Fair Value Estimates