TCW Fund Highlights CrowdStrike Gains on Strong Results

Earnings
โดย Insider Monkey·US·Read original
Summary · why it matters

TCW Concentrated Large Cap Growth Fund highlighted CrowdStrike Holdings as a positive contributor to relative performance in its second-quarter 2026 investor letter. The fund noted CrowdStrike posted net new annual recurring revenue of $256 million, up 32% year over year, a non-GAAP operating margin of 24%, up 6 points, and free cash flow of $469 million, up 67%. Management raised forward guidance on strong module adoption, retention rates, and a record second-quarter pipeline. The fund said Anthropic's April release of its Mythos model and early access for large cybersecurity companies marked an inflection moment that underscored the importance of a cybersecurity ecosystem, and it remains constructive on CrowdStrike and Palo Alto Networks.

Impact on stocks 2

Cybersecurity & Digital Trust▲ · 2 stocks
Crowdstrike Holdings Inc
CRWD
▲ PositiveCapitalrelevance

Strong Q2 results: net new ARR up 32%, operating margin up 6 points, FCF up 67%, and raised guidance.

Palo Alto Networks Inc
PANW
▲ PositiveDemandrelevance

Fund remains constructive on Palo Alto Networks, citing cybersecurity ecosystem importance.

Theme Impact 3

Off-coverage companies 1

AnthropicPrivate± Mixed
Technologyrelevance

Anthropic's Mythos model release marked an inflection point for cybersecurity ecosystem, but impact on Anthropic itself is not detailed.

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