Here's the Cybersecurity SaaS Stock I Just Bought
This week, share prices of some of the biggest Software-as-a-Service (SaaS) companies plunged on no news at all. That presented an opportunity: A recently IPO'd cybersecurity company saw shares 33% lower than where they had been three weeks prior.
That company is CrowdStrike (NASDAQ: CRWD). And while it has been growing sales at an impressive pace, that's not the most exciting part. Instead, investors should really focus on CrowdStrike's ability to utilize the network effect in a powerful -- and underappreciated -- way.
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Source Fool.com
