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89% GROWTH ALERT The stock is up a STAGGERING 289%
since its March lows 
It has ALL IT TAKES
to BECOME the LEADER 
in #Cybersecurity 
COMPETITION in intense
Let’s see what it takes to WIN 
Here is an EASY thread
$CRWD CrowdStrike is a founder-led company est. in 2011 & IPO in June 2019
$CRWD uses #MachineLearning to target malware threats
by providing endpoint & cloud security
This is built around 11 modules in the cloud on CrowdStrike Falcon 
platform
$CRWD uses #MachineLearning to target malware threats
by providing endpoint & cloud security This is built around 11 modules in the cloud on CrowdStrike Falcon platform
Time to BREAK DOWN this hard to understand TECHNICAL jargon 
Millions of new cyber threats appear every day leading to theft of *very sensitive* data
$CRWD combines *endpoint security* & *cloud security* with *threat intelligence* to stop these threats
Millions of new cyber threats appear every day leading to theft of *very sensitive* data $CRWD combines *endpoint security* & *cloud security* with *threat intelligence* to stop these threats
Endpoint security Mobile devices are proliferating around us, think of your smartphone
laptop 
servers 
gaming consoles 
IoT devices 
Each of those can be an endpoint
connecting to the network 
of a company, hereby posing a cyber security risk
Endpoint security is about securing a company’s endpoints and protecting it against the threat arising from those devices
The Falcon platform is CrowdStrike’s cloud-native endpoint security solution
a company’s endpoints and protecting it against the threat arising from those devices The Falcon platform is CrowdStrike’s cloud-native endpoint security solution
Cloud security Every day, companies run workloads in the cloud to manage their customers data
apps & moreThis puts the company at risk of a security breach
Also, companies manage various data streams
And end up with data on different clouds #AWS #GCP #Azure
With multiple clouds, workloads and systems 
Managing security risks becomes increasingly hard
$CRWD unifies cloud workload security into one platform across all clouds
The Falcon platform is CrowdStrike’s cloud-native cloud workload security platform
Managing security risks becomes increasingly hard $CRWD unifies cloud workload security into one platform across all clouds
The Falcon platform is CrowdStrike’s cloud-native cloud workload security platform
Threat intelligence The goal
is to predict future attacks before they reach targeted networksIt is the collection, processing & analysis
of data to understand an malicious actor’s targets and behaviours 
This helps companies act before its too late
$CRWD is of course not the only one to offer #Endpoint & #Cloud security and Threat Intelligence
What puts it apart?
*Network Effects* AND *Scale* as ultimate MOAT
What puts it apart?
*Network Effects* AND *Scale* as ultimate MOAT
“[…] We’re part of a larger collection of organisations that are running CrowdStrike, so any data that we see gets fed back into the system and someone else will benefit from that knowledge. And it’s all because it is cloud-based.”
$CRWD immediately analyses breaches and reports updates to all its customers providing them with immediate protection More customers 
Means a better platform $CRWD operates at scale 
and can be easily remotely deployed across organisations
A HUGE TAM
and a company right on track to become a LEADER
The global Cloud Security Market grows from $34.5b in 2020 to $68.5b by 2025 (CAGR 14.7% )
The global EndpointSecurity Market grows from $12.8b in 2019 to $18.4b in 2024 (CAGR 7.6% )
and a company right on track to become a LEADER The global Cloud Security Market grows from $34.5b in 2020 to $68.5b by 2025 (CAGR 14.7% ) The global EndpointSecurity Market grows from $12.8b in 2019 to $18.4b in 2024 (CAGR 7.6% )
Volume and sophistication of attacks drives GROWTH
Increased number of cyber-attacks on cloud computing systems
Growing number of endpoints and increasing risks of endpoints attacks and breaches
Growing costs following endpoints attacks 
and sophistication of attacks drives GROWTH Increased number of cyber-attacks on cloud computing systems Growing number of endpoints and increasing risks of endpoints attacks and breaches Growing costs following endpoints attacks
$CRWD is growing faster than its competitors Gaining market share
$CRWD is eating market share from its legacy competitors as customers move from on-prem 
to the cloud
$CRWD 3 biggest competitors are Trend Micro, Symantec and McAfee with a combined MS of 60%
Gaining market share $CRWD is eating market share from its legacy competitors as customers move from on-prem to the cloud $CRWD 3 biggest competitors are Trend Micro, Symantec and McAfee with a combined MS of 60%
$CRWD doubled its market share within the IDC Worldwide Endpoint Security Software 2019 report 
# Customers grew 91% to 7230 from 3789 in 2019 DBNRR over 100%
STRONG FINANCIALS 
& a PILE of cash
Revenue growth of 89% YoY to $346m 6 months ended July 31, 2020
Gross margins at 78%
Positive FCF margin of 16% from (27%) 3 months ended July 31, 2020
Cash and cash equivalents of over $1B
& a PILE of cash Revenue growth
of 89% YoY to $346m 6 months ended July 31, 2020Gross margins at 78%
Positive FCF margin of 16% from (27%) 3 months ended July 31, 2020
Cash and cash equivalents of over $1B
$CRWD cost base heading into the right direction
Total operating expenses at 95% of revenues, stable QoQ
S&M at 51% in Q2 from 54% in Q1 2020
R&Q at 27% in Q2 from 25% in Q1 2020
G&A at 15% in Q2, equal to Q1 2020
Total operating expenses at 95% of revenues, stable QoQ
S&M at 51% in Q2 from 54% in Q1 2020 R&Q at 27% in Q2 from 25% in Q1 2020 G&A at 15% in Q2, equal to Q1 2020
A founder-led company backed by BIG NAMES
In 1999, Kurtz founded Foundstone in 1999 and was acquired by McAfee in 2004 where he later became global CTO
Frustrated with McAfee's slow speed and tech, Kurtz resigned from his role as CTO in 2011 to launch $CRWD
backed by BIG NAMES In 1999, Kurtz founded Foundstone in 1999 and was acquired by McAfee in 2004 where he later became global CTO
Frustrated with McAfee's slow speed and tech, Kurtz resigned from his role as CTO in 2011 to launch $CRWD
He attracted funding from VC Fund The Bottom Line $CRWD is positioned in a FAST growing market as the global endpoint and cloud market to grow at a CAGR of 15% and 8% 
$CRWD is growing at 89% YoY - it is stealing market share from its competitors (Trend Micro, Symantec and McAfee)
$CRWD network effects and cloud-native architecture are unique and its huge scalability gives it an edge We enter $CRWD with a full stake (100% of full potential position)
$MELI is on our watchlist Coming WEDNESDAY 
Following the TikTok feud, we are gathering pieces on the political risks of tech stocks - Hint us Please note that this is not a recommendation to buy - You are responsible for conducting your own research
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Sources
✑ Investor presentation
✑ Company website
✑ IDC reports
Sources
✑ Investor presentation
✑ Company website
✑ IDC reports
✑ Forbes
✑ MarketsAndMarkets
✑ Comodo
✑ DTF Capital on SA
✑ MarketsAndMarkets
✑ Comodo
✑ DTF Capital on SA
