1 Extraordinary Growth Stock Down 67% to Buy Before It Rebounds
Cyberattacks are becoming more common and costly, driven by trends like remote work, digital transformation, and the growing number of connected devices. Damages inflicted by cybercrime will total an estimated $8 trillion in 2023, up from $3 trillion in 2015, according to Cybersecurity Ventures, and that figure will almost certainly continue to climb in the future.
CrowdStrike (NASDAQ: CRWD) is well positioned to benefit from that trend. While its share price has plummeted 67% amid the ongoing bear market, the company has continued to run circles around its competition. It recently became the second-fastest software vendor in history to achieve an annual revenue run rate of $2 billion, and investors have good reason to believe that momentum will continue.
Here's why this extraordinary growth stock is worth buying today.
Source Fool.com
