Why CrowdStrike Holdings Stock Is So Expensive
Many investors have started to wonder how well CrowdStrike Holdings (NASDAQ: CRWD) would fare when it laps its financial results from the start of the pandemic. That's when many people were forced to work from home and companies were. forced to make upgrades to their digital security capabilities.
The indications so far are that CrowdStrike is doing just fine. The endpoint security leader reported a great end to its latest fiscal year, and it expects revenue to grow at least another 50% over and above 2020 levels.
Unfortunately, this anticipated growth is already priced into the stock: At over 35 times one-year forward expected revenue, this is an expensive stock. But there are good reasons why.
Source Fool.com
