Down 40% From Its High, Is CrowdStrike Stock a Smart Buy?
2021 ended up being a rough year for many growth investors. In the latter half, supply chain constraints helped drive the consumer price index (a popular proxy for inflation) to a 39-year high, causing the Federal Reserve to accelerate the taper of its asset purchase program. More recently, rising bond yields and talk of interest rate hikes have added fuel to the fire, accelerating the sell-off of many richly valued stocks.
Unfortunately for shareholders, CrowdStrike (NASDAQ: CRWD) was caught in the fray, and the cybersecurity company has seen its share price fall 40.1% from its all-time high. However, longtime investors know that volatility is the price of admission when dealing in the stock market, especially where growth stocks are concerned. On the bright side, that volatility often creates buying opportunities.
With that in mind, is CrowdStrike stock a smart buy right now? Here's what you should know.
Source Fool.com
