Is CrowdStrike Stock a Buy?
CrowdStrike Holdings' (NASDAQ: CRWD) mission is simple: to stop digital security breaches. The company's cloud-native Falcon platform protects clients from cyberattacks, securing devices and workloads in any environment (on-premise, virtualized, and cloud-based) against hackers.
Since its initial public offering (IPO) in June 2019, CrowdStrike share prices have soared over 300%, but investors haven't missed their chance. This cybersecurity company still looks like a good buy, even at today's prices. Here are four reasons why.
Cybersecurity is more critical today than ever before. More devices are connecting to the internet, more people are working from home, more enterprises are moving resources to the cloud, and attackers are getting more sophisticated. As a result, management estimates CrowdStrike's addressable market will reach $38.7 billion by 2023.
Source Fool.com
