CrowdStrike: Don't Fall For The Hype
- CrowdStrike Holdings, Inc. reported strong growth in FQ4'23, with revenues growing 48% YoY.
- The company continues to forecast sequential growth deceleration leading towards 30% growth as FY24 ends next January.
- CrowdStrike Holdings, Inc. stock trades at over 10x FY24 sales targets, and analysts are dangerously promoting much richer valuations.
Amazingly, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rallied into quarterly earnings with the stock rallying back up to $130. The cloud cybersecurity firm reported another strong quarter, but the guidance still points towards dramatically slowing growth in the year ahead. My investment thesis remains ultra-Bearish on the stock on these rallies to premium valuations knowing the trend isn’t the friend of shareholders.
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