CrowdStrike: The New Kid On The Block $CRWD
https://seekingalpha.com/article/4275103
Almost as promised… may still see all red before the day is over…but just barely right now with many of them…first time in July the portfolio is down as a whole!! Interesting argument on CRWD above…many of the IPOs these days are coming out strong and much of the value is already built into the stock price (and realized by the VC and pre-IPO investors). Hard to find these diamonds in the rough. Hoping this one continues to shine.
Guess yesterday was just a brief respite to catch their breath…
Quarterly earnings calls are starting again today with some big tech companies reporting today…ours are a couple weeks away still. I monitor the quarterly earnings release expected dates as well as how far below their all time high stock price they are trading (See attached spreadsheet)and listen to the calls on the day they release to determine if I will add to or reduce my position size…or perhaps exit the position altogether as I did with NTNX last year before they cratered. I have no reason to believe these companies in our portfolio will not continue their extraordinary growth. Put these dates on your calendar 📆, read the releases you can get on the company’s investor relations tab…and listen to one call. It’s super interesting just to learn about the tech, but also because it will determine the company’s future stock price and the company trajectory. Survived Pamplona and headed today to research “Calvados” production in Normandy. Plans are already in place to produce a first barrel in this seasons harvest in October. Maybe we need an investor meeting up at Poleeko Ranch to “discuss” and strategize next year and “taste” the results of the years profits!!
User comment: Count me in for taste testing!! 😋
User comment: I’m in also! Thanks for the spreadsheet Victor! Glad you are having a fantastic time!
User comment: I am too
User comment: https://alphastreet.com/earnings/earnings-calls
This link above looks like it has on demand earnings calls all in one place
Victor: Nice find. I will check it out. I do like to check out the company websites also though…They Make it easy to sign up to receive any news releases that the company gives immediately (without advertisements). They then email them to you directly so you don’t have to go looking for the news on a company…including the earnings releases, new customers, new acquisitions, etc. I like this site though if I can go there to see new companies and find out when the releases are happening.
You may notice after normal trading hours that Crowdstrike (CRWD) is up 9%. In a nut shell, CRWD is a digital cyber security company that is replacing the traditional firewall that is no longer effective in our cloud based world. They released their first quarterly earnings as a public company today. Strong growth, solid financials and strong future guidance from the management team leads me to feel they will continue to justify the lofty valuation they have due to their blistering growth. I currently have just over a 3% position which will jump a bit tomorrow with any increase in the stock price. I will not likely add any new shares, but am very happy with the position I do have and the continued growth. I do wish they weren’t already valued over $15b or I’d be adding shares in the morning. Next earnings calls are AYX and TWLO on 7/31. As the two largest holdings in the portfolio, it will be a big day. Cheers!
CrowdStrike smashes first earnings since IPO; shares +9.7%
https://seekingalpha.com/news/3479110
116% Y/Y subscription revenue growth!!! Wow!! To quote Jim Carey in “The Mask”….SMOKKKIN!!!! 🔥 (now up 12% after hours)
Are you watching this? In-CRWD-iblé!! (Sorry…in France now and could not resist the pun…is that a pun? Not sure….What’s that play on words called…Harry will know!!)
User comment: Wow! My portfolio is up 16% ytd. Thanks Victor!
User comment: Sorry to be that guy… Both NASDAQ and Dow are up >20% ytd. Shouldn’t we compare against the indices better?
User comment: I bought in mid March. I don’t know if that matters.
User comment: It does! A lot of the uptake was before that.
Victor: I would also refer you to the above text of Sun, July 7th in which I compare the portfolio to the Indexes. And yes, January was the biggest 1-month percentage gain so far this year. Congrats on 16% just since mid- March. That is roughly double the average (8-9%) in stock market gains over the past 100 years! Tough end to the day with The macro economic factors weighing in, but CRWD finished 14.8% higher. How’s that for a one day gain. Cheers!!
