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Demand is Strong for CrowdStrike's IPO


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Demand is so strong for CrowdStrike ( CRWD ) , the provider of cloud-native next-gen endpoint protection, threat
intelligence and incident response solutions, that underwriters upped the offering range by 38% to $28-$30. Here are three reasons why investors are bullish.

1. CrowdStrike grew revenue at a 118% CAGR from 2016-2018 and 108% in the most recent quarter.

2. Its addressable market is multi-billion as it displaces legacy providers such as Symantec and McAfee.

3. It expects to drive further growth by continuing to cross-sell to existing customers, expanding into the middle market and selling to the US government.

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The article Demand is Strong for CrowdStrike's IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs
Referenced Symbols: CRWD



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