2024-02-12 00:38:28 ET
Summary
- CrowdStrike may benefit from increased IT and cybersecurity spending budgets, with 80% of CIOs increasing their cybersecurity spend.
- The company has experienced strong growth in sales & operations, surpassing its target of $3b ARR, and may reach $10 billion in the next 5-7 years.
- As GenAI gains traction in the workplace, I believe CrowdStrike will have its Palantir moment of exceptional growth in customer acquisition with its AI security suite.
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CrowdStrike Will Have Their AI Moment