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“Well I think you have to look at other industries and where there’s been seismic shifts in just technology changes. If you look at Siebel versus Sales Force, that move to the cloud was really a structural shift, and you’ve seen the results. I think we are seeing the same thing in security. In the past security has really been a point product solution, trying to identify malware instead of really focusing it at the platform level and trying to prevent breaches. It’s much different when you think about it that way. Preventing a breach is much more important than preventing malware. Malware is obviously important but it’s a subset of preventing a breach. And I think that’s what we’ve able to really do to capture our customers and their mind-share. We are providing an incredibly valuable technology and service where the landscape on the threat side is continuously evolving,” Kurtz explained.
Kurtz explained that CrowdStrike is sufficiently diversified and qualified to benefit from both corporate and government opportunities in the marketplace.
“Well if you look across our customer base, we’ve customers in just about every geography and every vertical. I do think the government represents a great opportunity for us. We just got Fed Ramp Certified late last year. So we think that’s an emerging space as the government moves to the cloud and embraces the cloud,” the CrowdStrike CEO added.
Investors interested in using ETFs to allocate capital to the cybersecuirty space can look into the First Trust NASDAQ Cybersecurity ETF (CIBR) and the ETFMG Prime Cyber Security ETF (HACK). Both of these ETFs target companies with a cybercrime emphasis.
For more innovative ETF ideas, visit our Innovative ETFs Channel.