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Will CrowdStrike Extend Its Streak Of Topping Earnings Views?

6 19 1
16.08.2022

Cybersecurity stocks have been on the rise in recent weeks, as companies like CrowdStrike Holdings (NASDAQ: CRWD) rally from previous lows.

CrowdStrike specializes in cloud-based protection for enterprise customers. It offers intelligence about various cyber threats, and also provides security and info-tech operations management services, mostly on a subscription basis.

CrowdStrike key player in endpoint security, the term for the protection of computer networks that are remotely connected to other devices. With more professionals working from home on company networks, endpoint security has become even more important in the past two years.

Meanwhile, hackers and others with ill intentions are upping their games, another reason cybersecurity is high on the list of items corporations need to invest in.

The stock is up 43.67% in the past three months, from a low of $130 on May 12. Shares closed Monday at $201.82, a gain of $0.95 over Friday.

On CrowdStrike's chart, a trendline shows near-term potential for a rally to around $215. In addition, over the next 12 to 18 months, analysts have a price target of $247.32,........

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