No. of Recommendations: 22

I like your thinking on CRWD here. I sold mine back in August when the PS ratio got above 60. But I got back in during September and I've almost doubled my position in October. At a PS in the 20's I think they're a steal.

I see growth of 80%-> 65% -> 50% the next 3 years, putting them close to $2B in revenue.

I think that's right. I'm not even sure they'll slow to 80% right away. Look at their aggressive guidance (in a world of sandbaggers). Fiscal 2019 revenue was $249m. For fiscal 2020 revenue, they guided to $436m (75% growth) in Q1 and raised that to $452m (82% growth) in Q2. I expect when they report Q3, they'll raise it again. And then they'll beat that. CRWD will have at least 90%+ growth this year.

CRWD is cloud native and easy to implement

Maybe customers can start small too? That would explain the fantastic NER of like 140%+ or whatever. Pretty great quality to have...helps them not run into problems with the dreaded "elongated sales cycle."

Estimating a 15-20 P/S in 3 years gives a $30-40 B company and a 3x-4x return.

Seems reasonable to me. Thanks for posting this.

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