Why CrowdStrike Stock Is Likely to Suffer More Pain in the Medium Term
CrowdStrike(CRWD) Investor Place·2024-07-31 18:30
After the mass IT outage caused by a CrowdStrike (NASDAQ:CRWD) update earlier this month, the cybersecurity company is facing major risks on multiple fronts. Moreover, the valuation of CrowdStrike stock remains very high. Also importantly, the firm does have multiple, strong competitors. While CrowdStrike stock could very well recover in the long term, I believe that the name’s risk-to-reward ratio is quite unattractive in the near-to-medium term. In light of all of these points, I recommend that investors ...