CrowdStrike Holdings, Inc.
CRWD 6Price and target zones价格与目标区间
Above fair value高于合理价值
What the company does公司做什么
CrowdStrike sells a small software agent that installs on every laptop and server in a company and detects and stops attacks, run from the cloud. Its revenue is almost all recurring subscription.CrowdStrike 出售一个小巧的软件探针，装在公司每一台笔记本和服务器上，从云端运行，用来发现并阻止攻击。它的收入几乎全部是可重复的订阅费。
Earns from营收来源 subscriptions to its Falcon platform. In FY2026, 95% of the $4.8 billion revenue was subscription.对其 Falcon 平台的订阅。2026财年，48亿美元收入中有95%来自订阅。
Read the full description查看完整介绍
CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. Its unified platform provides cloud-delivered protection of endpoints, cloud workloads, identity, and data through a software as a service (SaaS) subscription-based model. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, threat intelligence, data protection, SaaS security posture management, and AI powered workflow automation, and securing generative AI workload services, as well as security orchestration, automation, and response; and security information and event management, and log management services. It primarily sells subscriptions to its Falcon platform and cloud modules. The company has a strategic alliance with Cognizant Technology Solutions Corporation to help enterprises secure artificial intelligence across its lifecycle, from the AI agents and models to the foundational infrastructure that supports the entire AI ecosystem and with Snowflake to bring AI-native security and enterprise data at scale. Additionally, it has a partnership with Fortanix Inc. to combine its Falcon platform with Fortanix Confidential AI to provide an integrated solution for end-to-end AI security. The company was incorporated in 2011 and is headquartered in Austin, Texas.
Revenue breakdown营收构成 share of revenue营收占比
This is the recurring subscription fee customers pay to run the Falcon platform on their laptops, servers, and cloud systems. Growth comes from two sources: new customers signing on, and existing customers adding more protection modules to sensors they already run. Because customers pay a set fee every month, this revenue is steady and predictable, which lets CrowdStrike plan spending and investment with confidence.这是客户为在其笔记本电脑、服务器和云系统上运行Falcon平台而支付的经常性订阅费。增长来自两个方面：新客户签约，以及现有客户为已部署的传感器添加更多防护模块。由于客户按月支付固定费用，这部分收入稳定且可预测，使CrowdStrike能够有信心地规划支出和投资。
- Endpoint and cloud modules端点与云模块 — Detect and stop attacks on laptops, servers, and cloud systems.检测并阻止针对笔记本电脑、服务器和云系统的攻击。
- Identity and threat intelligence身份与威胁情报 — Watch for stolen logins and known attacker methods.监控被盗的登录凭据和已知的攻击手法。
This is fee-based work by CrowdStrike's own experts. They investigate a breach, remove the attacker, and help a customer return to safe operation. They also test and tune a customer's defences before an incident happens. This work follows the demand for expert hours, not the size of the software install base, so its growth pattern differs from the subscription business.这是CrowdStrike自有专家提供的按费用计的服务。他们调查入侵事件、清除攻击者，并帮助客户恢复安全运行。他们还在事件发生前测试和调整客户的防御体系。这部分业务的增长取决于专家工时的需求，而非软件安装基数的大小，因此其增长模式与订阅业务不同。
Company facts公司资料
- Founded成立时间
- 2011
- Headquarters总部
- Austin, Texas
- Employees员工人数
- 11,706
- Industry行业
- Software - Infrastructure
- Country国家
- United States
Investment thesis投资逻辑 from the watchlist来自关注列表
✂️ Re-analyzed 9/16 — TRIM, conviction at 6.0. 100% Structural/Trend persistence vs 8/27 baseline; every fundamental row CARRIED or REFRESHED. Fal.Con 9/2 raised long-range ARR bogeys ($10B FY30, $20B FY35) and launched SafeMind (AI foundation model) + Guardian (AI-agent runtime security) — narrative got product proof but no ARR attached yet.
Analyst consensus caught up (mean $234 vs $210 at baseline; range extended to $265-$300), removing one specific upside slack. Spot now ~32% above trim (was ~25%); business quality reinforced but the price-driven TRIM cannot upgrade on richer price alone. ⏳ DBNR% UNTESTED for 2nd consecutive pass — hard prerequisite for Dec print.
FV $135-190. Entry $120-145. Trim 145x fwd (~$182). Break-upgrade: pullback into $135-190 band + Q3 DBNR% mid-110s+; Break-downgrade: named enterprise loss to Defender, net-new-ARR decel, or SBC >24%.
9/16 重新分析——减持，信念 6.0 维持。 相较 8/27 基线，结构/趋势条目 100% 持续：所有基本面条目均为「已延续」或「已刷新」。 Fal.Con 9/2 上调远期 ARR 目标（FY30 $10B、FY35 $20B），并发布 SafeMind（安全领域 AI 基础模型）+ Guardian（AI 智能体运行时安全）——叙事获得产品佐证，但目前尚无 ARR 归属。 分析师共识已跟上（平均目标 $234 vs 基线 $210，区间上探 $265-$300），消除了一处特定的向上余地。 现价较减持线高约 32%（此前约 25%）；商业质量强化但价格驱动的减持结论无法因价格更贵而上调。 ⏳ DBNR% 连续第二次未能验证——12 月财报的硬前提。 FV $135-190。 入场 $120-145，减持 145x fwd（约 $182）。 A2026-09-16
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 1%
- Revenue growth营收增长
- +26%
Competitors竞争对手
Why customers stay客户为什么留下
A data network effect. Every protected computer feeds attack signals back into one shared cloud, so more customers make detection sharper for all of them. Adding a new module to the already-installed agent is frictionless — about half of customers use six or more.一种数据网络效应。每一台受保护的电脑都把攻击信号反馈到同一个共享的云端，所以客户越多，对所有人的检测就越精准。在已经装好的探针上再加一个新模块几乎毫无障碍——大约一半的客户使用六个或更多模块。
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Platform bundling by Microsoft/PANW/CRWD, plus sector-wide multiple de-ratings that hit good and bad alike (QLYS −20% in 9 days on no company news).
4 held = deep. New entries are swaps, not adds.
Recent news近期新闻 last 7 days近7天
- How Much CRWD Are You Really Betting On?Trefis
- How AI‑Driven Falcon Demand and M&A Ambitions Could Reshape CrowdStrike Holdings’ (CRWD) Investment NarrativeSimply Wall St.
- CrowdStrike Stock Just Scored a New 'Buy' Rating. Here's Why.Barchart
- Can Platform Consolidation Accelerate CrowdStrike's Revenue Growth?Zacks
- 'Unprecedented' OpenAI Cyberattack Brings Palo Alto, CrowdStrike Into FocusInvestor's Business Daily