Down 40% From Its High, Is CrowdStrike Stock a Smart Buy?

Down 40% From Its High, Is CrowdStrike Stock a Smart Buy?
·4 min read

In the latter half, supply chain constraints helped drive the consumer price index (a popular proxy for inflation) to a 39-year high, causing the Federal Reserve to accelerate the taper of its asset purchase program. Unfortunately for shareholders, CrowdStrike (NASDAQ: CRWD) was caught in the fray, and the cybersecurity company has seen its share price fall 40.1% from its all-time high. With that in mind, is CrowdStrike stock a smart buy right now?

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