CrowdStrike Holdings Inc. is a Buy at current prices
June 16, 2022
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CrowdStrike Holdings Inc. ($NASDAQ:CRWD) is a Buy at current prices CrowdStrike’s shares went through a 22% drop in pricing this year, creating a buying opportunity for the cybersecurity business. The company is adding a massive amount of new customers to its Falcon platform and the subscription business is seeing sustained growth. CrowdStrike’s Falcon platform is a cloud-based security solution that helps businesses protect their data and systems from cyber threats. The company is adding a massive amount of new customers to its Falcon platform and the subscription business is seeing sustained growth. CrowdStrike’s shares have dropped by 22% this year, making the stock a good value at current prices. The company is growing rapidly and is well-positioned to continue its growth in the years ahead.
Market Reaction
On Wednesday, CROWDSTRIKE HOLDINGS stock opened at $161.3 and closed at $164.4, up by 3.2% from the previous day’s closing price of $159.3. This increase can be attributed to the company’s strong quarterly results which were released on Tuesday.
VI Analysis
It provides a cloud-based endpoint security platform. The company’s platform combines next-generation antivirus, endpoint detection and response, managed threat hunting, and threat intelligence. The company’s fundamentals reflect its long term potential. The fair value of Crowdstrike Holdings share is around $257.3, calculated by VI Line. Now might be a good time to buy.
Summary
The company’s stock price has been on the rise in recent months, and it is up 3.2% following the release of its latest earnings report. CrowdStrike is a leader in the cybersecurity space, and its products are in high demand. The company is well-positioned to continue to grow at a rapid pace, and its stock is a good investment at current prices.
