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 | 32.17% |
| CRWD | 69.63% |
| SE | 33.25% |
| SNOW | 9.94% |
| APPF | 7.88% |
| PINS | -23.46% |
vs. Fair Value Estimates
Buy List
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| ADBE | -40.47% |
vs. Fair Value Estimates
Hold List
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| CELH | 47.00% |
| TOST | 18.93% |
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| V | -4.06% |
| ADSK | -0.77% |
| NOW | -0.48% |
| FTNT | -3.84% |
| TEAM | -1.77% |
vs. Fair Value Estimates