Our latest recommended stock is cybersecurity company CrowdStrike. There are now 156 Vestact clients who own their shares. My favourite finance podcast, The Compound and Friends, recently interviewed the founder and CEO George Kurtz. I must say, I learnt a lot about the company in 30 minutes.
If you don't have the time to listen to the podcast, here are some highlights.
CrowdStrike's biggest client is Amazon. They have a very good relationship with AWS who sell CrowdStrike services on their platform alongside the cloud computing package. This is a huge endorsement for CrowdStrike and a great sales channel for their products.
They have recently landed some big contracts with the US government, which is both a giant customer and a validation for other clients.
Cybersecurity spend is driven by concerns about three main adversaries: country-sponsored cyber agents (China, Russia North Korea, Iran, etc), e-crime (ransomware) and hacktivism (hacking to prove a point). Knowing who the enemies are makes for a more targeted defence.
Google owns a big stake in CrowdStrike, and Google Cloud is also a big client. Google's latest $6 billion purchase of Mandiant (another cybersecurity firm) is actually good for CrowdStrike as Mendiant and CrowdStrike work well in tandem.
Kurtz is a huge Formula 1 and motor-racing fan, and partakes in amateur events around the US. That's him in the picture below.