5 Cybersecurity Stocks to Watch Amid Russian Invasion of Ukraine

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1. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 74

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a Texas-based cybersecurity firm that offers cloud-delivered protection across endpoints, cloud workloads, threat intelligence, managed security services, and IT operations management services.

In January, research firms Wells Fargo and Oppenheimer both added CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to their list of ‘Top Picks’ for 2022, with ‘Overweight’ and ‘Outperform’ ratings, respectively. Andrew Nowinski of Wells Fargo sees CrowdStrike Holdings, Inc. (NASDAQ:CRWD) continuing to take market share with ‘one of the most comprehensive platforms in the industry, while Oppenheimer analyst Ittai Kidron sees the company has grown into a ‘best-of-platform’ security vendor which can sustain its strong revenue growth.

Out of 924 elite hedge funds tracked by Insider Monkey in the fourth quarter of 2021, 74 were seen bullish on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), the same number of hedge funds as the quarter before.

Carillon Tower Advisers, an investment firm, talked about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q4 2021 investor letter, stating:

CrowdStrike, a security software platform with leadership in protecting endpoints such as servers, computers, and other IT assets, delivered strong earnings results with exceptional recurring revenue and new customer growth. The firm’s shares were pressured in the quarter as valuation multiple compression punished high-growth stocks in a meaningful way. However, we don’t believe this to be company-specific and expect the firm to continue to execute well and exhibit positive fundamentals.”

You can also take a look at Billionaire Chen Tianqiao’s Top 10 Stock Picks and 10 Best Cryptocurrencies Redditors are Buying.

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