ZS - Is CrowdStrike Stock a Buy Right Now?
2024-03-16 16:11:00 ET
CrowdStrike (NASDAQ: CRWD) outspoken Co-Founder and CEO George Kurtz went on the offensive during the last quarterly conference call and the market reacted well to what he had to say. As a result, shares of the leading endpoint-cybersecurity software provider have held on to most of their 200%-plus gain since the start of 2023.
Kurtz threw some subtle shade at numerous cybersecurity peers on the last earnings update, even name-dropping Palo Alto Networks (NASDAQ: PANW) as CrowdStrike's unified platform is attempting to gobble up market share of a fiercely competitive security-software market. (For the record, Palo Alto's CEO, as well as Zscaler 's (NASDAQ: ZS) and Cloudflare 's respective co-founders and CEOs, also tend to talk a lot about their peers' failings on quarterly calls with investors.)
Peeling away all of cybersecurity leaders' chutzpah reveals solid reasons investors should still be paying attention to CrowdStrike and might even consider buying shares even as it trades near all-time highs.
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Is CrowdStrike Stock a Buy Right Now?