Research archive for CRWD

On Tuesday after the market close, CrowdStrike released a good set of quarterly numbers that beat analysts' expectations. The Sunnyvale, California-based cybersecurity company grew its earnings per share by 266% to 11 cents, while revenues jumped 70% to $337.7 million year-on-year thanks to 1 660 new corporate subscribers, bringing the total to 13 080.

Yesterday big tech companies met with officials at the White House and committed billions of dollars towards cybersecurity initiatives. As the world digitises and we become more connected online, we become more vulnerable to cyber-attacks. Data theft and the interruption of crucial systems can impact millions of people. Governments around the world are pushing both private and public operators to protect their data.

You may have heard us speak about cybersecurity lately. We feel it is a good investment theme going forward. One of the leaders in the field is called CrowdStrike and they reported numbers last night which were very good.

It is always nice when a stock beats expectations. On Tuesday night Crowdstrike reported a stellar set of numbers. Their revenue grew 74%, thanks to an 82% increase in customers. Management expect revenue to grow by at least 50% in the next 12 months.

At Vestact our job is to think ahead and try to get you into sectors before they become mainstream. As part of our research process, we generally buy shares in our personal name that we think clients could own in the future because the best way to track a company is to have skin in the game. A stock that I bought earlier this year is a company called Crowdstrike. If you are an F1 fan, their logo appeared on the Mercedes car at some point this year.