From Nasdaq: 2024-04-26 04:00:00

In the world of technology, artificial intelligence (AI) is reshaping the landscape. Tech companies like Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta Platforms are leading the way with market caps ranging from $1.2 trillion to over $3 trillion. CrowdStrike (CRWD), a cybersecurity company, with a market cap under $73 billion, might also have the potential to join the trillion-dollar club soon.

As cybersecurity concerns continue to grow, the global average cost of a data breach in 2023 was $4.45 million. CrowdStrike’s Falcon platform leverages advanced AI and machine learning to provide sophisticated threat protection. The company’s revenue in fiscal 2024 saw a 33% increase year over year to $637 million, with robust growth expected to continue in fiscal 2025.

CrowdStrike, known for its expanding suite of security solutions, has a total addressable market (TAM) estimated at $100 billion. The company has been recognized as a leader in endpoint protection and cloud workload security. While achieving a $1 trillion market cap may take time, CrowdStrike’s revenue growth rate could potentially lead to this milestone by 2033 to 2035.

With cyberattacks on the rise, the damage is projected to reach $10.5 trillion by 2025, creating a massive market opportunity for security solutions. CrowdStrike’s strong foothold in the cybersecurity space positions it well to capture a portion of the $1.5 to $2 trillion security solutions market expected to emerge in the coming years. Investing in CrowdStrike may offer significant potential for growth in the future.



Read more at Nasdaq: 1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club