CrowdStrike stock has seen significant growth despite recent IT outage

From Nasdaq Inc.: 2024-07-27 03:30:00

CrowdStrike Holdings (NASDAQ: CRWD), a leader in cybersecurity, has seen its stock increase by around 320% since its IPO in 2019. Despite a recent IT outage causing a 28% drop in the stock price, the company’s growth potential in the cybersecurity industry remains strong. With a current market cap of $45 billion, CrowdStrike is well-positioned to capitalize on the growing demand for cybersecurity solutions. The company’s financial health is robust, with $3.65 billion in annual recurring revenue and $921 million in quarterly revenue. Investors should consider CrowdStrike as part of a diversified portfolio.



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