Why CrowdStrike Stock Is Likely to Suffer More Pain in the Medium Term

After the mass IT outage caused by a CrowdStrike (NASDAQ:CRWD) update earlier this month, the cybersecurity company is facing major risks on multiple fronts. Moreover, the valuation of CrowdStrike stock remains very high. Also importantly, the firm does have multiple, strong competitors. Speaking on CNBC yesterday, Stephanie Link, chief investment strategist and portfolio manager at Hightower, noted that CrowdStrike faces risks when it comes to the prices that it can charge its customers when they renew the ...