CrowdStrike and Clear Secure Offer Growth and Innovation in Cybersecurity and Identity
-
CrowdStrike and Clear Secure are fast-growing cybersecurity companies with reasonable valuations. CrowdStrike is consolidating the industry while Clear Secure focuses on biometric identity verification.
-
CrowdStrike's Falcon platform offers over 20 modules covering various cybersecurity capabilities, making it attractive for vendor consolidation. Its network effect also makes it more robust over time.
-
Clear Secure has over 6 million members who use its biometric identity verification to breeze through airport security checkpoints. It's expanding into new industries beyond airports.
-
Clear Secure expects over 30% revenue growth in 2024 along with a 33% free cash flow margin, giving it abundant cash to return capital to shareholders.
-
Both CrowdStrike and Clear Secure are innovators in large, high-growth markets. Their discounted valuations make them compelling tech stocks to buy now.