Sam Badawi
Cybersecurity Leader Crowdstrike Targets a 250B Market
3/9/2025, 6:13:30 PM
Economic Summary
- CrowdStrike (CRWD) is at roughly $4 billion in annual sales and reported about $1 billion in the most recent quarter, indicating material current scale and recent growth momentum that supports continued investment and product expansion.
- The total addressable market cited is around $116–120 billion; if CrowdStrike holds a large client share (the speaker suggests an implied ~40%), there remains substantial long-term revenue upside and room for deeper penetration.
- Gartner places CrowdStrike in the top-right of its Magic Quadrant for endpoint protection platforms, which the speaker frames as evidence of durable competitive advantage and a reason to prefer top-quadrant leaders over lower-ranked competitors.
Bullish
- Dominant market leader in endpoint protection per Gartner Magic Quadrant.
- Significant scale: roughly $4B annual revenue and ~$1B last quarter.
- Large TAM (~$116–120B) with implied upside if market share expands.
Bearish
No bearish cases captured.
Bullish tickers
CRWD
CRWD
Bullish
Market-leading endpoint protection vendor with ~ $4B revenue, strong Gartner positioning, and exposure to a $116–120B TAM.