Forget CrowdStrike: Buy This Top Cybersecurity Stock Instead
If your brand is associated with what some are calling the "largest IT outage in history," it's hard to underestimate the damage it might bring to your business in both the short and long terms. That's the situation CrowdStrike (NASDAQ: CRWD) finds itself in right now after a massive outage that took place last month.
While the company has addressed the issue with the problematic update and is trying to alleviate customer concerns, the stock has been stumbling in recent weeks. It's debatable how well it may recover from these current headwinds or how long it will take to rebuild trust with its customers. At the very least, it could be a turbulent time for shareholders in the short run.
Investors may be tempted to take a chance on CrowdStrike and buy the cybersecurity stock on the dip. But rather than taking that risk, consider a potentially better alternative -- buying shares of rival Palo Alto Networks (NASDAQ: PANW) instead.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 161 Buy predictions and 1 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 323 € there is a positive potential of 28.71% for CrowdStrike Holdings Inc compared to the current price of 250.95 €.
