Here's Why CrowdStrike Stock Had a 34% Gain Last Year

Shares of CrowdStrike (NASDAQ: CRWD) jumped 34% in 2024, according to data provided by S&P Global Market Intelligence. In July, CrowdStrike stock was trading up more than 50% for the year but then it had a major incident involving a faulty software upgrade. That incident dropped the stock into negative territory for a time before it eventually rebounded and posted a 34% full-year gain.The rise, fall, and rebound for CrowdStrike stock was unusually dramatic because the stakes are clearly high here. For starters, the cybersecurity space is one of the largest and fastest-growing investment opportunities around and CrowdStrike is considered a leader. This has pushed the stock to expensive valuations and leaves little room for error.CrowdStrike calls its 2024 error the July 19th incident -- a mistake in a software update caused widespread information technology (IT) outages for numerous clients around the world. It was a disaster on multiple levels and many investors, including myself, believed that CrowdStrike's growth rate would consequently drop as frustrated customers tried out products from its competitors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool