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Could This Be the Best Cybersecurity Stock to Buy Now?

By Jose Najarro – Dec 7, 2021 at 5:00AM

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Crowdstrike's stock price is down over 30% from its all-time highs.

Today's video focuses on Crowdstrike (CRWD -0.28%), recent news affecting the company, and its earnings report released on Dec. 1. Here are some highlights from the video.

  1. Crowdstrike reported $380 million in revenue, up 63% year over year (YOY), and free cash flow of $123.5 million. Annual recurring revenue increased by $170 million this quarter to a total of $1.51 billion, up 67% YOY. 
  2. Crowdstrike added 1,607 new subscription customers this quarter, reaching a total of 14,687 customers, up 75% YOY. Crowdstrike provides numerous solutions for its customers, and a total of 68% of Crowdstrike's customers use four or more modules, up from 66% a quarter ago. 
  3. Crowdstrike raised its full-year guidance again and recently closed its acquisition of SecureCircle. SecureCircle allows Crowdstrike to increase its zero-trust solutions. Regardless of the strong quarter, numerous analysts have decreased their price target for Crowdstrike. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the midday prices of Dec. 6, 2021. The video was published on Dec. 6, 2021.

Jose Najarro owns shares of CrowdStrike Holdings, Inc. The Motley Fool owns shares of and recommends CrowdStrike Holdings, Inc. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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