CRWD CrowdStrike
Platforms & SoftwarePosition Summary
Shares
6
Avg Price
$403.27
Cost Basis
$2,420
Conviction
7/10
Investment Thesis
#1 endpoint security platform. $4B+ ARR, 75% gross margins, non-discretionary spend.
Key Arguments
Bull Case
Platform consolidation winner in cybersecurity. AI workloads need security. Falcon platform stickiness.
Bear Case
July 2024 outage reputation risk. Valuation is rich.
What Would Make Us Sell
Net retention rate drops below 115% or another major outage.