CrowdStrike (NASDAQ: CRWD) stock is trading down about 50% from its 52-week high, a victim of the growth-stock bubble deflated somewhat by rising interest rates. CrowdStrike's Falcon cybersecurity platform uses AI to help it prevent security breaches for more than half of the Fortune 500, and 70% of the Fortune 100. The company's customer base has more than doubled in just two fiscal years (see chart below) and increased nearly tenfold since fiscal 2019. Read More...
CrowdStrike (NASDAQ: CRWD) stock is trading down about 50% from its 52-week high, a victim of the growth-stock bubble deflated somewhat by rising interest rates. CrowdStrike’s Falcon cybersecurity platform uses AI to help it prevent security breaches for more than half of the Fortune 500, and 70% of the Fortune 100. The company’s customer base has more than doubled in just two fiscal years (see chart below) and increased nearly tenfold since fiscal 2019.
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