While CRWD is still not yet profitable on a GAAP basis, the company did generate a 16.3% non-GAAP operating margin in the quarter, representing some expansion from the 10.5% margin in the prior year. The latest quarter saw CRWD report $535.2 million in revenue, representing 58% year over year growth and comfortably exceeding its prior guidance of $516.8 million. CRWD Stock Key MetricsĬRWD has been the rare tech company able to balance hyper-growth with positive cash generation.ĬRWD ranks as one of the fastest growing tech companies ever, as seen below. Investors would be wise to look carefully in the tech sector for bargain buying opportunities. The stock is down another 24% since then as the rally in tech stocks proved short-lived. I last covered CRWD in July where I rated the stock a buy on account of the strong growth prospects. It seems that most tech stocks are down in excess of 70% from all time highs. I continue to find CRWD highly buyable as part of a higher quality tech allocation. Even amidst a very bearish environment for tech stocks, the future of cybersecurity remains very promising and as relevant as ever. CRWD is generating positive free cash flow and has a cash-rich balance sheet. Crucial to the thesis is CRWD’s ability to continue executing at a high level as the cybersecurity company adds to its addressable market. While the stock has dipped from all time highs, it still trades at rich multiples even today. Crowdstrike ( NASDAQ: CRWD) remains a Wall Street darling even amidst a tech crash.
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