CrowdStrike Holdings (CRWD)

A good one to put some money towards.

Valuations in cybersecurity are high. He waited a long time and recently bought it at $300. He is a long-term investor. CRWD is the leader in this space. Was just added to the S&P, and they just unveiled their AI offering which accounts for nearly 25% of their revenues. But, this has to grow into its high valuation. He bought a half position.

(Analysts’ price target is $400.71)

They just reported a major top and bottom line beat and raised forecasts. A winner.

If you're going to buy just one cybersecurity company right now, buy this one.

Decent runway. Moved to subscription-based model. Involved in corporate workload security and the cloud. Falcon ID protection and log management. Blew it out of the park on top and bottom in March, guided higher on revenue and earnings. Buy here around $321, more closer to $300, under $300 would be a great buy.

Reported a great quarter a few weeks ago and announced a cloud partnership with Nvidia.

Shares jumped more than 10% after reporting a top and bottom line beat and offered better than expected guidance for the quarter and full-year.

Grand opportunity today, rolled over 10%. He wants to add to his position, but is waiting for all the short-dated options to be dealt with. Tomorrow or Friday will probably be good days to step in. 12-month price target of $320.

You can own so many stocks and he didn't buy cybersecurity. Also, he wonders if and when tech giants like Microsoft, Alphabet and Apple will get into this space. PANW and Crowstrike have performed well though.

Next to semiconductors, cybersecurity is one of the great secular growth areas. Hacks are proliferating. An area you have to own. Cybersecurity covers huge government risk and business risk. Really strong secular growth for years to come.

Powerful, lightweight solution. Leader in the group. Prefers it to FTNT.

An analyst recommend Palo Alto, Fortinet and Crowdstrike, citing tailwinds that continue to be increasing cyber-threats, SEC requiring companies to disclose hacks, and easier growth comps. Nothing new. He likes this space.

Was the 3rd-best Nasdaq stock in 2023. Up nearly 150%, purely on fundamental growth. Cybersecurity is the guaranteed secular bull market for the next 10 years. These companies can have a few soft quarters, but it's law that companies must announce cyber breaches. They must have cybersecurity. He's a long-time investor since 2020 and won't trade it. At an all-time high. It's not even in the S&P yet, but the stock is young.

It reported record annual recurring revenue yesterday and shares jumped as well as record free cash flow and record operating profits. They raised their full-year forecast.