2024-06-05 17:28:55 ET
Summary
- CrowdStrike Holdings, Inc. reported strong quarterly results, surpassing revenue estimates and showing growth in sales and ARR.
- The cybersecurity company has a strong business with ARR growth at 33%.
- The stock's market valuation is disconnected from its sector peers, trading at nearly 20x forward sales compared to their 12x forward sales.
CrowdStrike Holdings, Inc. ( CRWD ) remains one of the best performing businesses around. The cybersecurity specialist is also one of the richest stocks on the market, with CrowdStrike disconnecting from the valuation of sector stocks. My investment thesis is still ultra-Bearish on the stock, especially after the recent double top and failure to recapture momentum following another strong quarter....
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CrowdStrike: Doubling Down On Warning