At present, CST offers 16 modules on its Falcon platform through a Software as a Service (SaaS) model that covers multiple large security markets, such as corporate workload security and threat intelligence services. CST’s SaaS revenue model is similar to most companies that deploy SaaS in the cloud computing industry — it is subscription based. CST offers cybersecurity solutions to customers of various sizes, ranging from those with hundreds and thousands of so-called “endpoints” for large corporations to as few as a handful for small- and medium-sized businesses. The endpoints refer to any device that is physically an end point on a network. These include laptops, desktops, servers, virtual machines, and Internet of Things (IoT) devices. A substantial majority of CST’s customers purchase subscriptions for a term of one to three years, where revenue from its subscriptions is recognised proportionally over the term of the subscription.
Cybersecurity delivered to meet needs of rapidly expanding cloud computing, with turnaround in sight
There are two key words integral to CrowdStrike Holdings (CST) that should interest investors: Cybersecurity and cloud computing. The Nasdaq-listed company 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.
