How To Protect Your Portfolio Against Security Cloud FOMO

Cyberattacks have become increasingly common in business today – proprietary information as well as confidential customer information constantly being at risk of attack. The digital age has created a new type of criminal that we know as a “criminal hacker.” An individual who is highly proficient in programming that can get through firewalls and security hurdles to your sensitive information.

The point of entry for hackers is increasing as more and more devices becoming integrated into firms’ digital capabilities. Cyberattacks are a modern issue that requires an innovative solution. Here are a few of my favorite security cloud stocks to protect your portfolio from unwanted losses in this sector.

Crowdstrike (CRWD - Free Report–Mkt Cap: $15.12B, YTD: 9.3%, P/S: 26.85x

CrowdStrike is my high-risk, high-reward play. It a proliferating company with a ton growth priced in but still some good opportunity for stockholder returns if you are willing to bear the risks involved. Its reoccurring revenue streams make it an attractive investment even at excessively high multiples.

CrowdStrike was a part of the 2019 IPO frenzy of unprofitable tech firms, making its shares available to the public June 12th. CWRD IPO’ed at $34 and immediately spike 87% when the shares hit the exchanges, with investors eager to get into this hot security cloud stock.

CRWD investors have been on a wild ride since the IPO, with shares trading as high as $101.88 and now settles down to a price of $63.38.

CrowdStrike is a modern cloud-based solution for the escalating security threats that the internet age has brought. This company leverages AI, cloud computing, and graph databases for its security software. CrowdStrike’s security AI is perpetually improving as it advances from crowdsourcing and economies of scale.

CRWD’s cloud-based Falcon platform is an intelligent and evolving digital protector that detects and stops breaches in real-time.

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