One Amazing Trend Explains CrowdStrike's 200% Gain

The past fifteen months have been absolutely fantastic for the owners of CrowdStrike Holdings (NASDAQ: CRWD). Since the start of 2023, the stock of the corporation has increased in value by 200 percent. After this incredible surge, though, is CrowdStrike still a good investment?

Cybercrime is rampant over the globe. Numerous instances of extensive cyberattacks have recently made headlines. Hundreds of thousands of medical providers had their claims payments halted in February 2024 due to the assault on Change Healthcare, the most recent tragic incident.

Companies are spending a lot of money to beef up their security since there are so many hackers out there ready to wreck havoc. Becoming the next major attack victim is something no one wants to do.

Cyber expenditure is increasing, which is great news for CrowdStrike's bottom line. Prior to the latest news, CrowdStrike was already making waves with its AI-driven cybersecurity modules, which assist clients in safeguarding their systems, data, and endpoints.

Additional growth of 36% to $3.1 billion in top line revenue was achieved in fiscal year 2024. Customers are increasing their security budgets, suggesting that the company's subscription model is successful. 

 The majority of the company's customers buy multiple security modules, with over 62% buying five or more.

Time to buy CrowdStrike? Leaders in the field, like as CrowdStrike, are responding to the need from enterprises of all sizes to strengthen their cybersecurity defenses. The company's top line is growing rapidly thanks to this demand, and the margins and profitability are looking good as well.

There is still merit in CrowdStrike stock for those who are prepared to buy and hold.

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