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Is CrowdStrike Stock a Buy Now?

TheMotleyFool

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Is CrowdStrike Stock a Buy Now?: https://g.foolcdn.com/editorial/images/723830/it-security-employee.jpg

CrowdStrike's (NASDAQ: CRWD) stock jumped 6% during after-hours trading following its latest earnings report. For the fourth quarter of fiscal 2023, which ended on Jan. 31, the cybersecurity company's revenue rose 48% year over year to $637.4 million and exceeded analysts' expectations by $10.6 million. Its adjusted net income grew 59% to $111.6 million, or $0.47 per share, which also cleared the consensus forecast by four cents.

Does that solid earnings beat indicate it's the right time to buy CrowdStrike, which remains 56% below its all-time high? Let's review its growth rates, near-term challenges, and valuations to decide.

Image source: Getty Images.

Source Fool.com

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