CrowdStrike stock rose 150% last year. Why it’s ready to make a big move again.

The market is voting, and CrowdStrike stock is the clear leader in cybersecurity.

“There are a lot of strong players out there,” Irusha Peiris, portfolio manager at O’Neil Global Advisors, told Investor’s Business Daily’s Investing with IBD podcast. Companies. There are a lot of companies that are doing well, and they’re all doing great.” Kind of fell by the wayside, right, and they all got hit. “


but mass strike (CRWD) stocks managed to avoid most of their losses. Compared to other stocks among its cybersecurity peers, CrowdStrike stock is just 11% below its 52-week high. Z scaler (ZS) and Palo Alto Networks (Pan Wei) are both more than 25% below their 52-week highs. Sentinel One (S) is down more than 24% from its 52-week high.

“It’s incredibly fast,” Peiris said of CrowdStrike. Is it gearing up for another operation?

Audio versions of podcast episodes

Driving CrowdStrike Stock Performance

The cybersecurity leader can attribute some of its recent share price performance to strong fundamentals. CrowdStrike’s fourth-quarter earnings beat expectations. The company also beat a key growth metric, with its annual recurring revenue, a metric that tracks subscription growth, rising 34% to $3.44 billion, compared with Wall Street expectations of $3.39 billion.

Investors initially cheered the news, sending the stock to an all-time high of 365 on March 6. However, the gains quickly faded, with shares closing well below the day’s highs.

But this move is not a sign of a peak, but may be more like a stock moving ahead of itself too quickly.

Even with the decline, shares are still up about 150% in the last year. The stock has been tightening on support from key moving averages over the past few weeks.

CrowdStrike has an overall rating of 98, According to IBD researchand ranked first in the computer software security group.

CrowdStrike Stock Sees No Better Signals Than Market

This chart is yet to flash a clear buy signal. “If you’re waiting for a cup or double bottom to buy CrowdStrike, you’re probably going to be waiting a long time,” IBD’s Scott St. Clair told Investor’s Business Daily’s Investing in IBD podcast. “It’s just one of those weird stocks.”

Rather than trying to predict where CrowdStrike will go next, investors can view it as a stock that’s being buoyed by market support as it’s ahead of its peers. CrowdStrike’s bottom line continues to rise significantly and it leads the industry. There is more runway for growth.

“I’m not predicting CrowdStrike is the leader of this organization,” St. Clair said. “All I’m doing is explaining what’s going on.”

Watch this week’s podcast with Scott St. Clair and Irusha Peiris to learn why explaining the market is more important than predicting it.

Follow Mike Juang on X: @mikejuang News and on the thread @namedvillage.

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