Source: CrowdStrike/blog

CrowdStrike Holdings, Inc. (CRWD) stock was up by 245% over the past year. The company has continued to invest in cybersecurity field, enabling them to achieve a strong financial performance in 2020. At the same time, it also got many individual and institutional investors.

The company delivered a record fourth quarter and an exceptional finish to a strong fiscal year. The company said it achieved over $1 billion in ending annual recurring revenue. The strong fourth quarter performance included record net new annual recurring revenue of $143 million, 70% net new subscription customer growth year-over-year, and 77% year-over-year subscription revenue growth.

The company announced last month that it has completed its acquisition of Humio. Humio will enhance CrowdStrike’s ability to solve real-world customer problems with its cloud-native platform by adding index-free data ingestion and analysis capabilities for both first- and third-party data.

The company has also strengthened its cooperation with AWS. Integrated CrowdStrike Falcon’s threat intelligence feeds with AWS Network Firewall. This integration enables AWS customers to leverage the CrowdStrike Falcon platform capabilities by extending threat intelligence and deployment automation for streamlined incident response and simplified operations. 

In total, CrowdStrike's software has been in high demand, driving its strong revenue growth. Currently, the average price target from Wall Street analysts is $251, which is 24% upside potential from current levels.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.