Why I'm Still Not Buying CrowdStrike Stock
Cybersecurity specialist (NASDAQ: CRWD) has had a very strong week, with shares rising about 12% since late February. The gain has been, in part, fueled by a strong fiscal fourth-quarter earnings report. The company, which operates a massive cybersecurity platform that protects endpoints, cloud workloads, and identity, posted revenue and adjusted earnings per share that both exceeded consensus analyst estimates. In addition, the company provided an upbeat outlook.
But investors should think twice before they race to buy shares of the cybersecurity stock. It's still risky -- maybe too risky.
Image source: Getty Images.
Source Fool.com
CrowdStrike Holdings Inc Stock
€354.35
-3.880%
The stock is one of the favorites of our community with 131 Buy predictions and 2 Sell predictions.
As a result the target price of 446 € shows a positive potential of 25.86% compared to the current price of 354.35 € for CrowdStrike Holdings Inc.
