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
| WDAY | -13.18% |
| VEEV | 12.52% |
| PSTG | -7.13% |
| INTU | 14.19% |
| CMG | 31.78% |
| RDDT | 7.17% |
| NTNX | 17.22% |
| CRWD | 76.14% |
| SE | 19.26% |
| SNOW | 5.28% |
| APPF | 6.95% |
vs. Fair Value Estimates
Buy List
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| ASML | -25.06% |
| SEMR | -37.55% |
| TSM | -43.44% |
| ZETA | -32.89% |
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| NYAX | -30.39% |
| MSFT | -31.81% |
| ODD | -32.30% |
| ASR | -26.98% |
| FLYW | -44.52% |
| HRMY | -60.41% |
| YOU | -37.20% |
| ABNB | -33.55% |
| MELI | -26.26% |
| ADBE | -45.26% |
vs. Fair Value Estimates
Hold List
| VTEX | -17.92% |
| CELH | 49.08% |
| TOST | 16.30% |
| CPNG | -14.83% |
| HIMS | -23.69% |
| PAYC | -21.14% |
| MNDY | 7.35% |
| GLBE | -24.43% |
| ZS | 23.06% |
| V | -7.38% |
| ADSK | -2.06% |
| NOW | -1.85% |
| FTNT | -4.90% |
| TEAM | -8.65% |
vs. Fair Value Estimates