Crowdstrike Holdings (NASDAQ:CRWD) stock has been rising since the start of the Russia’s invasion on Ukraine.
Shares opened Mar. 28 at $220.15 each. They were bouncing around $160 before the war started. That gives the company a market capitalization of $51.23 billion on 2021 sales of $1.5 billion. Crowdstrike has yet to book a full year profit.
While technology growth stocks have fallen out of favor, cybersecurity remains a prized niche. Investors are ignoring Crowdstrike’s losses of $42 million, or 18 cents per share in the last quarter alone. Instead, they’re focusing on revenue growth of 65% year-over-year. They’re also buying cybersecurity stocks, like Crowdstrike, for national defense.
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