Sign up for our free daily newsletter
Get the latest news and some fun stuff
in your inbox every day
The newest recommended stock in the Vestact portfolio is cybersecurity company CrowdStrike. It's smaller than the others on our list, with a market capitalisation of just $43.7 billion. One of our "future heroes" we think.
The company is based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. It was founded by George Kurtz (also the CEO, see the picture of him below) in 2011 and only listed on the Nasdaq in June 2019. Remarkable!
Note that endpoint security is software to prevent devices such as desktops, laptops, and mobile devices from being exploited by malicious actors and campaigns. CrowdStrike has over 16 000 company customers for a suite of solutions that do that, providing a solid stream of annuity revenue. In addition, they have specialist teams that help protect server setups, and others that restore systems after ransomware attacks and investigate high-profile web hacks.
The company had results out last week which were very promising. Revenue grew by 63%. You will have noticed, no doubt, that state-sponsored (Russian, Chinese, North Korean) cyber warfare is on the increase. Large western companies are calling in the experts to shore up their defences.
The most important attribute of any investment is the ability to grow fast. We already have 138 clients who own this one. We expect that number to rise.
