The cybersecurity stock of CrowdStrike (CRWD) still has significant growth potential ahead. With the rise in cyberattacks globally, cybersecurity solutions have become crucial for protecting data and maintaining the reputation of organizations. CrowdStrike has seen impressive growth, with the stock soaring 165% in the past year.
The company’s cloud-native AI-powered Falcon platform offers a wide range of cybersecurity modules, simplifying security for organizations. CrowdStrike’s strategy as a consolidation play has been successful, leading to a growth in deals involving multiple Falcon modules and new platform innovations.
The introduction of the Falcon Flex subscription model has further driven the adoption of CrowdStrike’s platform. The company aims to reach $10 billion in annualized recurring revenue by 2028, with a strong ARR growth trajectory.
CrowdStrike also boasts improving profitability and strong free cash flows. The company has been GAAP profitable for five consecutive quarters and expects significant non-GAAP net income for fiscal 2025.
Strategic partnerships and talent acquisition have also been key for CrowdStrike’s growth. The company’s expanding partner ecosystem and ability to attract top-tier talent have contributed to its success.
Analysts expect CrowdStrike’s revenue to grow significantly in the coming years, making the stock a potential multibagger. With a P/S multiple of 28.8 and market capitalization expected to increase dramatically, CrowdStrike presents a compelling opportunity for investors looking for long-term growth potential.