Sam Badawi
$CRWD 115% Growth in SIEM
3/8/2025, 6:18:38 PM
Economic Summary
- CrowdStrike (CRWD) is the market leader in endpoint protection and is expanding into configuration management, logs, and monitoring, increasing its addressable market but also competing with observability players like Datadog (DDOG), New Relic (NEWR), and Sumo Logic (SUMO).
- CRWD is reportedly winning long-term contracts with nearly every Fortune 500 company, implying strong enterprise adoption, high revenue visibility, and potential durable competitive moat.
- SentinelOne (S) is positioned as a small-business gainer with limited large-enterprise penetration, suggesting slower scaling versus CRWD for enterprise revenues.
- Palo Alto Networks (PANW) is characterized more as a platform security provider rather than a pure endpoint-management leader, indicating different go-to-market focus and competitive positioning versus endpoint specialists.
Bullish
- CrowdStrike is best-in-class for endpoint protection with strong long-term appeal.
- CrowdStrike is signing almost every Fortune 500, locking in long-term contracts.
Bearish
- Palo Alto focuses on platform security rather than pure endpoint management, risking loss of endpoint-focused market share.
- SentinelOne mainly acquires small-business clients and has few large customers, limiting enterprise-scale competitiveness.
- CrowdStrike's expansion into logging and monitoring threatens incumbents like Datadog, New Relic, and Sumo Logic.
Bullish tickers
CRWD
Bearish tickers
PANWSSUMONEWRDDOG
CRWD
Bullish
Leader in endpoint management, winning long-term contracts with nearly every Fortune 500 and building strong enterprise traction.
Bearish
Expanding into logs and monitoring increases overlap with Datadog, New Relic, and Sumo Logic, potentially distracting focus.
PANW
Bearish
More of a platform security vendor than an endpoint specialist, which may limit appeal to pure endpoint buyers.
S
Bearish
Primarily gains small-business customers and has relatively few large clients compared with CrowdStrike, limiting enterprise scale.
DDOG
Bearish
Faces competitive pressure as CrowdStrike moves into log management and monitoring spaces that overlap Datadog's offerings.
SUMO
Bearish
Sumo Logic is threatened by CrowdStrike entering the data-monitoring/log-management space.
NEWR
Bearish
New Relic's monitoring business may be encroached upon as CrowdStrike expands into logs and observability.