#3 - Crowdstrike (NASDAQ:CRWD)
Cybersecurity will be one of the hottest sectors for years to come. And Crowdstrike (NASDAQ:CRWD) is at the leading edge of this movement with its Falcon platform. Currently many companies have to use multiple software solutions for different aspects of cybersecurity. With Falcon, they get next-generation antivirus, endpoint detection and response, plus a 24/7 threat hunting service in a single bundled SaaS solution.
And the company has a tech alliance with Zscaler (NASDAQ:ZS) that will help further drive revenue and earnings growth. In fact Zscaler chose Crowdstrike over Microsoft.
The audience for the Falcon system is evident in the company’s revenue and earnings which spiked in 2020 and remain strong in 2021. Crowdstrike has already turned profitable on a non-GAAP basis.
A concern for investors is that the growth in CRWD stock has slowed considerably. Over the last 12 months, CRWD is up a whopping 128%. But in 2021 the stock price has only gained about 14%. The question is whether all the growth is priced into the stock.
About CrowdStrike
CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.
Read More - Current Price
- $357.55
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 34 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $334.33 (6.5% Downside)
