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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