CrowdStrike Holdings (NASDAQ: CRWD) delivered phenomenal performance in 2020, leading to its stock price more than tripling from its 52-week low last year to reach a high of over $250 a share in February. The stock is still stubbornly hovering above $200 at the time of this writing, despite the broader stock market's recent pullback.
Even so, now may prove a good time to invest in this newer cybersecurity company founded in 2011. Here are the reasons why an investment makes sense.
CrowdStrike's strong stock performance is understandable. In its 2021 fiscal year (FY) ended Jan. 31, CrowdStrike delivered $874.4 million in revenue, an 82% year-over-year increase. For FY 2022, CrowdStrike forecasts continued double-digit percentage revenue growth of at least $1.3 billion.
Source Fool.com