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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| RDDT | 4.69% |
| APPF | 8.96% |
| CMG | 42.92% |
| INTU | 25.69% |
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| PSTG | 6.48% |
| VEEV | 22.21% |
| NTNX | 37.81% |
| CRWD | 95.72% |
| SE | 44.38% |
| SNOW | 24.26% |
vs. Fair Value Estimates
Buy List
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| YOU | -40.78% |
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| ADBE | -40.28% |
vs. Fair Value Estimates
Hold List
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| MSFT | -20.48% |
| ODD | 2.64% |
| ASR | -21.72% |
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| TOST | 22.17% |
| CPNG | -3.28% |
| HIMS | 30.13% |
| PAYC | -5.19% |
| MNDY | 21.94% |
| GLBE | -18.41% |
| ZS | 43.04% |
| V | -3.23% |
| ADSK | 7.27% |
| NOW | 17.69% |
| FTNT | -3.23% |
| TEAM | -10.25% |
vs. Fair Value Estimates