7 Green Flags for CrowdStrike's Future
CrowdStrike (NASDAQ: CRWD), one of the hottest cybersecurity stocks of 2019 and 2020, cooled off significantly this year. CrowdStrike ended 2020 at $211.82 per share -- 523% above the price of its IPO in June 2019 -- and hit an all-time high of $298.48 this November. But over the past month, it retreated more than 30% to about $200 per share.
CrowdStrike's growth rates are still healthy, but its high valuations left it exposed to the inflation-induced sell-off in higher-growth tech stocks. But as those nervous investors fled, I initiated a position in CrowdStrike, because I spotted seven green flags that clearly indicate it's a solid investment.
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Source Fool.com
