The current nature of the industry, as competitive as it is, is forcing consolidation among the major vendors. This means that CrowdStrike will likely continue to not only retain market share, but may gain market share as well. Customers are leveraging the CrowdStrike Falcon platform to consolidate their security stack and save on operational costs.' 'More than 21,000 customers rely on CrowdStrike for our industry-leading solutions. 'The recognition from IDC reinforces CrowdStrike as the market leader in endpoint security, outpacing 26 vendors in the report that range from pure-play security vendors to software vendors like Microsoft,' said Michael Sentonas, president at CrowdStrike.

The Falcon security service, which provides complete endpoint security services, is increasingly becoming popular, and the service currently ranks at the top of the worldwide endpoint security market, according to IDC's market share report. Market share continues to be favorable towards CrowdStrike The stock remains expensive at 10x sales, but is manageable nonetheless.

CrowdStrike remains the premier go-to choice among endpoint security candidates, which makes it ideal for long-term investing.

CrowdStrike Investment ThesisĬrowdStrike continues to dominate the endpoint security market, driven by strong pricing, after-sales service, and a product that is competitive, combined with the increasing need for endpoint security around the world. The high degree of growth and potential for profitability has kept the high valuations intact despite the fact that CrowdStrike also offers a whole host of security solutions for the Cloud, and considering the Cloud industry is expected to grow significantly over the next decade, this offers CrowdStrike a significant opportunity. This makes CrowdStrike among the most preferred endpoint security systems currently, with the Falcon endpoint security system being the highest-rated system among the various choices. Despite being a leader in the endpoint security market, and with limited competitors, mainly Sentinel One, among a few others, including Windows Defender, and Cylance, the stock is down significantly, potentially providing an entry point for investors.Įndpoint security is expected to grow on the back of a number of key trends, and Gartner has projected that 95% of the endpoint security market will eventually be cloud-based by the end of 2023, making CrowdStrike's Falcon a key competitor in the space. CrowdStrike's ( NASDAQ: CRWD) stock is down significantly from its recent highs.

Symantec endpoint security enterprise