Our proposition remains: The company is a leader in a growing cloud security space which should boost its market share
Nasdaq-listed Crowdstrike Holdings is a leader in the cloud security space that provides endpoint security, threat intelligence, workload protection and cyber-attack response services. The company offers its cybersecurity services primarily through its CrowdStrike Falcon platform, which leverages the network effect of crowdsourced data.
CrowdStrike offers modules on its Falcon platform through a Software as a Service (SaaS) model that covers multiple large security markets, including corporate workload security and threat intelligence services. Crowdstrike’s SaaS revenue model is similar to most companies that deploy SaaS in the cloud computing industry — it is subscription-based. Crowdstrike offers cybersecurity solutions to customers of various sizes.