CrowdStrike: A Good Chance If You Missed It

Summary

  • CrowdStrike couldn’t live up to heightened expectations with its Q1 FY24 earnings release as previous hopeful trends in topline growth seemed to suffer a setback recently.
  • However, management seemed more optimistic than usual on the Q1 earnings call signaling a possible turnaround for the second half of the year.
  • Meanwhile, margins continued to surprise to the upside from already strong levels leaving the company with almost $3 billion cash on hand.
  • Considering still reasonable valuation and the possibility of improving fundamentals I believe the post-earnings dip should provide a good entry opportunity for those who missed out on it recently.
Bevásárlókosár kedvezményes eladási címkével

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Introduction and investment thesis

CrowdStrike (NASDAQ:CRWD) has been probably the most stable SaaS company from a fundamental point of view in the past few years characterized by stubbornly high revenue growth rates (despite its increasing scale) combined with best-in-class FCF margin

This article was written by

Hi there! I’m a former Equity Analyst and a CFA charterholder writing mostly about holdings in my investment portfolio. These are overwhelmingly transformative technology names with perceived significant long-term upside potential. Once I’ve covered a company on SA, I try to update my views on it regularly.I like to do dig deep into company fundamentals and cover topics previous articles didn’t elaborate on. Rigorous valuation is a must in my world. Feel free to share your opinion in the comment section, constructive critique is more than welcome!

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRWD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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