On Wednesday, CrowdStrike Holdings stock got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. It sports an 86 Relative Strength Rating.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Is CrowdStrike Holdings Stock A Buy?
CrowdStrike Holdings stock is not currently near a proper buy point. The cybersecurity stock has held up well during this stock market selloff. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
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The stock sports a 92 EPS Rating, meaning its recent quarterly and annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of E shows aggressive selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
CrowdStrike Holdings Earnings
In Q4, the cybersecurity firm posted 8% EPS growth. Sales growth fell to 25%, down from 29% in the prior quarter.
CrowdStrike Holdings stock earns the No. 4 rank among its peers in the Computer Software-Security industry group. Fortinet is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
