Is It Too Late to Buy CrowdStrike Stock?

The growing demand for cybersecurity solutions and the outstanding growth that (NASDAQ: CRWD) has been delivering thanks to the rapid adoption of its offerings have helped the stock clock impressive gains of more than 53% on the market this year, and the company's latest results suggest that its rally is here to stay.

Last week, CrowdStrike released fiscal 2024 second-quarter results for the three months ended July 31. The cybersecurity specialist delivered impressive year-over-year growth in revenue and earnings that easily bested Wall Street's expectations and its own guidance. Even better, CrowdStrike has raised its full-year revenue and earnings estimates.

Let's take a closer look at what's driving CrowdStrike's tremendous growth before finding out if investors should consider buying the stock following its impressive gains this year.

Continue reading

Source Fool.com