CrowdStrike Holdings Inc. (NASDAQ: CRWD) continues to be one of the best-performing technology stocks and cybersecurity stocks. But with that performance, many investors are looking at the company’s valuation. The stock is trading at 871x earnings, which is higher than one of Wall Street’s most controversial stocks, Palantir Technologies Inc. (NASDAQ: PLTR).
When you add the fact that we’re about two weeks away from CrowdStrike’s earnings report, investors can expect volatility. That tends to get the attention of traders. In fact, it may explain some of the recent price action with CRWD stock.
