Is It Time For Investors To Buy CrowdStrike Shares?
It seems that every time you read the news these days, another cyber attack has taken place. This article was originally written by MyWallSt. Read more market-beating insights from the MyWallSt team here. With EA becoming the latest victim of this modern threat, investors have got an eye on one solution in particular. Cyberattacks are on the rise. Last months Colonial Pipeline attack was followed by another on the U.S. branch of the worlds largest meat-packing company, JBS  who paid the $11 million ransom  the Irish public health service, and gaming giant EA. It was the latter, which was confirmed last week, that appears to be the catalyst behind renewed investor interest in cybersecurity stocks. Luckily for CrowdStrike, its got three brand new ransomware protection products to combat the epidemic of cyberattacks  putting it front and center for investors. Well, it is being specifically picked out by analysts as the top play in the industry. Following an impressive Q1 earnings report a couple of weeks back, CrowdStrike highlighted its growth momentum with a 400% EPS increase year-over-year and a 70% jump in revenue. Even the retail investors on Reddit are showing increasing interest in the stock, although not in the form of a short-squeeze, thankfully, as CRWD has a reasonably low short interest ratio of roughly 6%. So, despite the obvious concern of cyberattacks to the rest of us, its a blessing to CrowdStrike which is suddenly the belle of the Wall Street ball. As global cybersecurity spend speeds towards $250 billion annually, CRWS is poised to become a market leader. MyWallSt gives you access to over 100 market-beating stock picks and the research to back them up. Our analyst team posts daily insights, subscriber-only podcasts, and the headlines that move the market. Start your free trial now!