CrowdStrike Caps a Huge First Year as a Public Company and Has Plenty More Upside
My, how things change in just a matter of months. All was looking well for endpoint security upstart CrowdStrike Holdings (NASDAQ: CRWD) after its third-quarter update in Dec. 2019, but things quickly came unraveled for the stock. Shares were down nearly 40% from year-to-date highs thanks to the coronavirus-induced market meltdown.
And that's okay, because shares were -- and still are -- trading for a hefty premium that bakes in massive growth for the foreseeable future. However, after the company reported its fiscal 2020 fourth-quarter results (for the 12 months ended January 31, 2020) on Mar. 19, shares rallied some 17%. As it turns out, COVID-19 might bring a silver lining to this cybersecurity outfit.
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Source Fool.com
