Source: LinkedIn
Investment Thesis
CrowdStrike Holdings, Inc (CRWD) offers endpoint protection services to enterprises through its flagship cloud-based platform, Falcon. With this platform, the company has reinvented cloud security, and its solutions are gaining traction in the marketplace.
According to Gartner’s 2019 magic quadrant, CrowdStrike is a leader in Endpoint Protection Platforms, second only to Microsoft (MSFT). CrowdStrike’s revenues actually accelerated from quarter to quarter recently, with higher gross margins highlighting the unique characteristics of its product.
Source: crowdstrike.com
Further, its net retention rate (also known as dollar-based net retention