CrowdStrike Holdings share analysis 2023: Is entry still attractive?

CrowdStrike Holdings share analysis 2023: Is entry still attractive?

According to a report by www.aktienwelt360.de,

2023 has been a very successful year for CrowdStrike Holdings, with the stock up an incredible 132% year-to-date. Despite the strong price development, the question now arises as to whether the share has become too expensive and whether entry is still attractive. Overall, the company reported strong revenue and free cash flow growth this year, indicating positive business performance.

CrowdStrike's business development continues to be driven by the growing cybersecurity market as cyberattacks increase and cause greater damage. CrowdStrike is the market leader in this area and has been able to expand its cloud-based services into related areas such as log management or identity protection. In addition, the company relies on acquisitions of smaller, suitable companies to drive its growth.

Despite the company's successful 2023 and positive long-term prospects, there are concerns about the stock's valuation. The free cash flow multiple has increased, and CrowdStrike's market capitalization is also high due to the price development. As a result, no subsequent purchase will be made, but no shares will be sold. The cybersecurity market is huge, and CrowdStrike still has a large chunk of it to cover, providing further potential for the company and the stock.

Overall, CrowdStrike's share price performance in 2023 is impressive, and the company continues to have a lot of potential. The long-term drivers of the business are intact and the company's positive business development suggests further growth. It remains to be seen how the company will develop in the next few years.