CrowdStrike Stock Analysis: The Falcon Cybersecurity Platform is Unstoppable

CRWD: Scooped up during late '22 SaaS dip at ~$100; now +200%. IPO '19, Rev soared to $3B with Falcon platform. Q4 FY24 ARR hit $282M, FCF grew 39% to $938M, 31% margin. SBC high at $632M, but dilution managed <3% for FY25. FY24 net $90M, up from -$182M. FY25 target $4B rev, 30% growth. TAM expanding—projected $225B by '28. AI-wise, not hyped; Charlotte AI’s potential as a rev stream. EV/Sales 19x, EV/FCF 80x (FY25 est. 60x). Solid, but ripe for consolidation; trimmed in portfolio, holding long.

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