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
| SNOW | 26.65% |
| APPF | 6.15% |
| S | -2.00% |
| NTNX | 42.78% |
| CRWD | 74.85% |
| SE | 97.72% |
vs. Fair Value Estimates
Buy List
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| YOU | -39.02% |
| MELI | -27.20% |
| ADBE | -30.36% |
vs. Fair Value Estimates
Hold List
| ZETA | -4.78% |
| CELH | 3.08% |
| TOST | 21.57% |
| CPNG | -9.51% |
| HIMS | 16.83% |
| PAYC | -21.80% |
| MNDY | 21.30% |
| GLBE | -11.96% |
| ZS | 24.34% |
| V | -2.30% |
| ADSK | -1.02% |
| NOW | 10.60% |
| ABNB | -19.90% |
| FTNT | 4.71% |
| TEAM | 21.37% |
vs. Fair Value Estimates