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Stockchase Insights CrowdStrike Holdings CRWD-Q HOLD Aug 02, 2024

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

It is a very tough decision. Sentiment of course is all negative, and the stock has lost $40B in value. But, headlines can still take it lower, and we are pretty sure more lawsuits are on the way. While we think it is getting interesting, we would still be cautious on overall position size, and conservative investors we think should trim some on risk alone. New buyers without a position we think could chip away on more weakness, slowly. In other words, we would see it as a HOLD right now, but only in a manageable position. It has $3B cash and some insurance, but is still at 56X earnings, and earnings growth is likely to fall off until this event is behind them.
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BUY

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.

BUY ON WEAKNESS

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.

PAST TOP PICK

(A Top Pick Jun 11/24, Up 26%)

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.

BUY

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

BUY

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.

BUY

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.

TOP PICK

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.

(Analysts’ price target is $485.37)

BUY

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

TRADE

Likes cybersecurity theme, as threats will only grow in the future and get more costly. Fairly volatile, so he trades it. Now at 200-day MA, where there's been some support. Chance of a small rebound. Trades at 98x forward PE for 17% EPS growth. All these names trade at a premium.

WATCH

He's been in this name before, but doesn't own anything in the space right now. All the names are pricey. A larger player, but it's not inexpensive.

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Chris Blumas

at Raymond James Investment Counsel Ltd.