Kim Bolton CrowdStrike Holdings CRWD-Q WATCH Jan 24, 2024

Always expensive, but his research discussions show that it's the best at what it does (endpoint security). In hindsight, should probably always buy on dips. Great company, though valuation is hard to swallow. Overall security software space is very attractive -- one of the most defensive parts of the software industry.

He sticks with PANW.

It reports Tuesday. We just had 3 cybersecurity companies report weak quarters. CRWD shares are above the last quarter when it missed and slumped. But he believes in it--if they survive that massage outage, you should own this. 

They reported a solid quarter yesterday but shares slid 5.77% today. Well, the stock came in hot, rallying 64% from the April lows. It was priced for perfection. The report delivered in-line sales and an earnings beat, but next quarter's guidance was light. He raised his price target--the quarter was good.

Cybersecurity is the utility of technology, a necessity. Not economically sensitive, so won't get a big boost in a strong economy. But it's very consistent.

He owns this and a cyber ETF. Expectations in the group are high, and the multiples aren't cheap. He doesn't actually have a ton of tech exposure right now, having moved to more economically sensitive names.

Is the top cybersecurity stock. They just accredited to get more involved in US operations, a huge market. He has used this as a source of funds, like selling in May.

CRWD and PANW are volatile, but demand is so strong for cybersecurity that these are long-term winners.

It was downgraded today, but share have had a massive comeback since last July's outage. The CEO spoke to many customers to keep most of his business. He expects the company will get contracts out of the companies he offered discounts to last summer.

Up 135% from the outage last summer and up nearly 40% before that outage. Cybersecurity is essential and CRWD is well-run. An amazing turnaround.

Trades at a high PE, but they lead cybersecurity, a massively growing business. He bought in June 2024 at $306, then they caused a massive outage to plunge shares to $230, so he bought more.

Yesterday, it reported a good quarter, apart from a soft revenue outlook, including an earnings beat. Shares initially fell, then bounce back.