Did Investors Miss the Boat on CrowdStrike Stock?
An elevated price-to-sales ratio may discourage some investors from buying.
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An elevated price-to-sales ratio may discourage some investors from buying.
This cybersecurity stock is flying under the radar despite strong financial results.
Shares of cybersecurity company CrowdStrike (NASDAQ:CRWD) jumped 5.8% in the morning session as chip and AI stocks surged alongside broader market gains, with the Nasdaq rising by 2.1%, the S&P 500 by 1.5%, and the Dow gaining 0.57% following Nvidia's outstanding earnings results. During its Q4'2024 earnings, Nvidia reported impressive topline results (7.6% revenue beat), big gross margin improvement, and EPS outperformance vs. Wall Street's estimates. Notably, revenue grew 265% year-on-year and
Profitable growth has sent the stock surging to new highs, but HSBC analysts see more upside.
Hackers continue hacking, and the victims must continue spending.