Go Go Go Go Go Go Go Go -----
I'm trying to figure out if this is drone footage or Go Pro or both.
I'm trying to figure out if this is drone footage or Go Pro or both.
Van take a look at Crowdstrike when you can--
Highly predictable revenue model
CrowdStrike uses a 100% subscription model for its software that is billed annually in advance. Typically contract lengths are in the 1-to-3 years range. Given that 100% of revenue is ratable (subscription revenue), according to our estimate, we believeCrowdStrike effectively locks in more than 90%+ of its revenue at the beginning of the quarter. Combined with the best in class revenue retention (132% average dollar-based retention rate over last four quarters), low churn (lower than 2% range according to our estimate), revenue visibility is high, reducing the risk for negative revenue and earnings surprises.
The company also continues to upsell more modules as well as selling agents to new IPs within a customer. The company sells 17 different modules in total spanning Cloud Security (Runtime protection, discovery and posture management), Endpoint Security (Next Gen Antivirus, Endpoint Detection and Response (EDR), Device Control, Firewall Management), Security & IT Operations (Threat Hunting, IT Hygiene, Turnkey Security, Vulnerability Management), and Threat Intelligence (Threat Intel, Malware Search and Malware Analysis).
High predictability of revenue also means that positive surprises should be capped. Therefore, a highly predictable revenue model provides support for the stock, but outperformance from current levels is very difficult. The following chart illustrates module adoption withinCrowdStrike's install base.
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