CrowdStrike Holdings stock ( NASDAQ:CRWD ) has been hit hard; the stock has dropped about 40% from its high. But don’t let fear stop you in your tracks. This is a stock ( NASDAQ:CRWD ) to purchase on the cheap; here’s why it may benefit your short- and long-term portfolio.
The short-term possibility
A long-term investor should rejoice when a company continues to grow while its share price falls. In the near term, the stock market may be somewhat crazy. Simply, Wall Street is terrified right now, and investors are fleeing. CrowdStrike stock ( NASDAQ:CRWD ) has followed suit, with shares down 40% from their peak and the stock’s price-to-sales (P/S) ratio nearing its lowest point outside of the COVID-19 market meltdown in 2020.
The truth is that CrowdStrike’s business is more successful than ever. The company’s revenue is increasing without a hiccup; it raised its client base by 51% year over year in the quarter that ended July 31, 2022, adding a record 1,741 net new subscriptions.
It may take some time, but CrowdStrike’s steady development might ensure the stock returns to life when the next bull market comes.
CrowdStrike Stock: Looking farther ahead
Don’t get me wrong: growth is an important component of investment returns. However, producing a profit is equally crucial, and some businesses thrive for years without ever making a profit. Fortunately, it does not seem like CrowdStrike will have that problem. Despite being a high-growth firm, the company is already making large cash profits, as seen below.<...
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