2024-06-26 16:15:53 ET
Summary
- CrowdStrike is a top-tier cybersecurity company with strong operating metrics and share price performance.
- The company's premium valuation is driven by positive sentiment, high-profile cyber-attacks, and strong financial metrics.
- The Cybersecurity Total Addressable Market is large and rapidly growing.
- Management does a great job at selling its platform narrative.
- I discuss several metrics used to value companies and end with a Hold rating.
Thesis
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How Much Should We Pay-Up For CrowdStrike?