CrowdStrike's Soaring Cash Flow Makes It a Top Cybersecurity Pick
Cybersecurity is a top priority for companies. It has to be, with an estimated 500 million cyberattacks worldwide last year. Endpoints (anything that connects to a network, such as laptops, desktops, and cellphones) are the source of 90% of successful attacks, according to IBM. This means companies will spend a good chunk of their IT budgets on cybersecurity, particularly securing those endpoints, recession or not.
(NASDAQ: CRWD) is the market share leader in endpoint protection. This is why it has been one of my top tech picks for quite a while. The stock is up 75% year to date, but long-term investors can still consider the stock. Here's why.
Growth stock investing is tricky. Some investors shy away because these companies are often unprofitable or have sky-high price-to-earnings (P/E) ratios once they turn a small profit. But many of the world's most successful companies and investments (like Tesla, Amazon, Meta, and Alphabet) were unprofitable for years after their initial public offerings.
Source Fool.com