“This is getting fun in spots. Who exactly would have invested in Crowdstrike?
A few ignorant boobs and LOTS of really Nasty people. Would like to know, just to know”
Hmmm. Thanks for checking. I had no clue where to look.
I just think the whole cabal, foreign and domestic, 5eyes, should be there, among the investors of the one firm they relied onto move the Russian hacking story out.
Looks like they were recently listed.
The cybersecurity stock is expensive, yes -- but the latest earnings show it's for a really good reason. Nicholas Rossolillo ..Motley Fool, Sep 6, 2019 at 11:07AM
CrowdStrike Holdings (NASDAQ:CRWD) is one of the fastest-growing names in the cybersecurity industry, and its recently minted public stock reflects that. Since its public debut in June, shares have doubled along with the endpoint security upstart's sales.
CrowdStrike joins a number of other cybersecurity outfits that dwell solely in the cloud -- names like Zscaler, Okta, and privately held but equally fast-growing iboss, which I'm told by CEO and co-founder Paul Martini is planning to go public within the next year as well. In spite of how young the company is, though, CrowdStrike has quickly become one of the largest firms in the cybersecurity industry.
The massive growth numbers continued in the second quarter, but shares took a much-needed breather. With the outlook for the business overwhelmingly positive, this looks like a good time for growth investors to make a small initial purchase. Q2 shines
While not as glorious as Q1, the second quarter of CrowdStrike's 2020 fiscal year (the three months ended July 31, 2019) was nevertheless impressive, and it surpassed internal guidance provided a few months before. According to its earnings report out Thursday, revenue grew 94% to $108 million, and while the company is still operating in the red (partly by design to maximize growth), operating expenses grew by a far lower rate of 51% when excluding stock-based compensation. Free cash flow was negative $29.2 million during the quarter, versus negative $35.7 million a year ago.