CRWD · suggested 2026-06-28
CrowdStrike sells cloud-based security that protects company laptops, servers and cloud accounts from attack, all run from one platform called Falcon. It sits on the software side of the remit, not the AI-hardware side: a subscription business with very sticky customers and strong cash generation. We like it because it is the clear leader in its field, it keeps selling more to the customers it already has, and security is one of the last budgets a company cuts.
Where this sits in the cycle
Security spending holds up better than most through a slowdown, which makes this steadier than a chip name. The catch is the price: fast-growing software is priced richly, so it falls hardest when interest rates rise. There is mild seasonality, with the strongest sales late in the year as companies spend what is left of their budgets.
The diary
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CRWD · suggested 2026-06-28
183,28 USD
-73,9% since suggestion at 701,09 USD
iShares Global Tech Index, the bet to beat: -3,9% over the same stretch
Daily closes, the newest refreshed through the trading day.
Today the price sits 3% above its 50-day average and 40% above its 200-day average.