Demand is so strong for CrowdStrike (CRWD), the provider of cloud-native next-gen endpoint protection, threat
intelligence and incident response solutions, that underwriters upped the offering range by 38% to $28-$30. Here are three reasons why investors are bullish.
1. CrowdStrike grew revenue at a 118% CAGR from 2016-2018 and 108% in the most recent quarter.
2. Its addressable market is multi-billion as it displaces legacy providers such as Symantec and McAfee.
3. It expects to drive further growth by continuing to cross-sell to existing customers, expanding into the middle market and selling to the US government.
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