CrowdStrike Holdings Inc Class A CRWD

CrowdStrike Stretches Its Reach Beyond Endpoint Security as Greener Pastures Beckon

We view CrowdStrike as a leader in endpoint security, a prominent part of the cybersecurity stack that protects an enterprise’s endpoints from nefarious activity. As enterprises undergo digital transformations and cloud migrations, we foresee endpoint security further gaining wallet share of an enterprise’s security spend. Within this growing market, CrowdStrike has emerged as a leader and we think the stickiness of its platform, Falcon, is clear in the firm’s impressive gross and net retention metrics. Beyond endpoint, CrowdStrike has been enhancing its security portfolio by adding cloud security, identity security, and security operations offerings to its Falcon platform. These newer initiatives have garnered strong customer traction, allowing CrowdStrike an opportunity to embed itself further into its customer’s security ecosystems.