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
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| NTNX | 29.28% |
| CRWD | 61.00% |
| SE | 29.20% |
| SNOW | 4.40% |
| APPF | 4.22% |
| PINS | -24.39% |
vs. Fair Value Estimates
Buy List
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| ADBE | -40.81% |
vs. Fair Value Estimates
Hold List
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| V | -2.92% |
| ADSK | -3.04% |
| NOW | -3.85% |
| FTNT | -5.63% |
| TEAM | -6.93% |
vs. Fair Value Estimates