Digitalization is becoming increasingly important to businesses as they strive to improve customer service and operational efficiency. Cloud computing and software proliferation have fueled the digital revolution, but these same developments have also provided new attack surfaces for hackers to exploit. Because of this, CrowdStrike has emerged as the leading endpoint (device) security provider.
Each of CrowdStrike’s 22 software components is provided through a single lightweight agent that does not need a reboot after installation. This sets CrowdStrike apart from the competition and makes it easier for clients to get started. However, this cybersecurity firm’s uniqueness doesn’t end there. Cloud-based AI algorithms use real-time data from the platform’s sensors to anticipate and prevent threats.
Even better, management feels that their AI models are the only ones that work. Having a data edge, CrowdStrike is the industry leader in endpoint security, and data is the cornerstone of excellent artificial intelligence. Since CrowdStrike’s AI models benefit from the network effect, they are always improving, allowing the organization to remain at the forefront of threat intelligence.
Thus, CrowdStrike reported a 57% rise in its client base and a 21% increase in spending per customer in the last year. Sales grew 64% to $1.6 billion, which was followed by a 49% rise in free cash flow ($481m).
Shareholders have a lot to be enthusiastic about in the future. In a market with an estimated $58 billion in annual revenue, CrowdStrike maintains a significant lead over the competition. If CrowdStrike’s product pipeline is anything to go by, that number may rise to $126 billion by 2025. It’s safe to conclude that the firm will continue to profit from enterprises’ investments in digital transformation in the future. That’s why you should invest in this company’s development.
More stock-related articles: