WHK Management need to take note of this Cyber Security Co in USA that use AI as well.
Currently Approx. $335US per share.
Check out below the growing revenue for its cyber security platform, WHK is getting left for dead at present.
We need a turnaround for sure on revenue.
They are well and truly full steam ahead. Some interesting points made about cyber security market.
Some of the content they used sounds familiar here at WHK but.,,,,,,,,,,,,,,,
I read this and shook my head, IF ONLY? Just the slightest slightest bit of IF ONLY.
WHK need to be looking at what Crowdstrike DO.
29,000 subscribers Crowdstrike and growing tells the story.
This 9 day sell down with relentless selling is a slap in the face for WHK holders. Not good enough.
14/3/24
Magnificent 'Strong-Buy' AI Stock to Grab NowCrowdstrike Holdings (CRWD) has quickly emerged as a top player in the cybersecurity space, thanks to the artificial intelligence (AI) that powers its products.
As the world becomes more digital, the threats to businesses, governments, and individuals also rise, necessitating tighter security.
Crowdstrike addresses these needs by offering cloud-native endpoint security solutions.
The company's crown jewel, the AI-powered Falcon platform, detects and prevents cyberattacks in real-time.
Since its initial public offering in 2019, the company has grown significantly.
Crowdstrike's financial performance has drastically improved in recent years, with total revenue increasing from $481 million in fiscal 2020 to $3.06 billion in fiscal 2024.CRWD stock soared 142% in 2023, easily outperforming the S&P 500 Index's ($SPX) 25% gain.
Year-to-date, CRWD stock has increased 28.5%, owing in part to its recent Q4 fiscal 2024 results.
Wall Street believes the company has enormous growth potential, despite its elevated valuation.
Analysts rate the stock as a "strong buy," with a potential upside of around 32% in the next 12 months.
The company's subscription-based model has generated recurring revenue streams, demonstrating Crowdstrike's ability to retain customers. In the fourth quarter, annual recurring revenue (ARR) increased 34% to $3.4 billion, contributing to the company's consistent top-line growth.
The company ended the year with 29,000 subscription customers. Its gross retention rate also stood at an impressive 98%.
Exceptional Growth Ahead
The global cybersecurity market could be worth $298.5 billion by 2028, according to industry estimates.
Crowdstrike, as an expert in recognizing and resolving security threats through its high-end, AI-powered products, is well-positioned to capitalize on this growth.
The cybersecurity market is poised for greater expansion as organizations across industries implement robust cybersecurity measures.
According to Statista, the global average cost per data breach in 2023 increased to $4.45 million from $4.35 million the previous year.
Generally, companies will never hesitate to spend money on cybersecurity measures.
This means more opportunities for Crowdstrike in the long run, as AI has helped it establish a stronghold in the cybersecurity market.
Its solid top- and bottom-line growth, hefty balance sheet, and impressive AI-led prospects in the cybersecurity market make it a reliable growth stock to buy right now.
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