You are highlighting the reason I don’t like to invest in security. There is no leader in such a fragmented technology. There is no “General Security Corp.” that covers it all. And unlike most other technologies in security there is an army of smart and effective adversaries looking for holes to exploit. Every time you write a piece of code you create potential bugs and security risks that are often only found after the product ships and hackers discover them.
I would agree with that except this time it really is different. You see Crowdstrike is disrupting all the other companies by going cloud first. PanW is trying to turn their ship around but it is very hard to turn something around. They are trying to still keep the old security apparatus and move to the cloud. The cloud is where everything needs to go but they won’t disrupt their old business. Same with Cisco etc. The only one that seems to be doing a decent job is Microsoft. So, even though they are an old titan I would keep my eye on them.
What makes Crowdstrike unique in End Point Protection (EPP) security is that they have chosen to take this sector by blitzscaling. Most of the companies that we all are investing in are doing blitzscaling so that is not unique. But companies that are in sectors that do blitzscaling either win most or lose all. If other companies in the sector are not blitzscaling they will lose. So usually if one company is blitzscaling than the others will too. Crowdstrike seems to be heading to win most. Every person/company they put on their platform increase the power of their product. That is why I believe in Crowdstrike and as long as the numbers are great they keep proving me right.
Andy