CrowdStrike (NASDAQ: CRWD) has been off to the races this year. Rebounding from its post-IPO reality check over the autumn of 2019, shares are up over 120% -- driven by a near-doubling of revenue in that span of time. Homing in on $800 million in annual sales, the cloud-based endpoint security "upstart" seems to be growing beyond that categorization.
For longtime cybersecurity industry investors, a promising new security software vendor growing at triple-digit percentage rates rings familiar -- but happy endings aren't a given. A couple of items may ultimately write CrowdStrike's story differently, though.
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Source Fool.com