To The Moon

Our topic for today is cybersecurity stocks to buy in May. According to the Cybersecurity & Infrastructure Security Agency (CISA), cybersecurity helps protect “networks, devices, and data from unauthorized access or criminal use…” Businesses and individuals have grown more dependent on computers, smartphones and other intelligent devices. Yet, the connectivity infrastructure can also be an invitation for hackers. Cyber attacks can steal both money and information. They also disrupt businesses operations leading to financial damages as well as loss of customer trust. In its 2021 Cost of Data Breach Report, International Business Machines (NYSE:IBM) suggests “Data brsteach costs rose from $3.86 million to USD 4.24 million, the highest average total cost in the 17-year history of this report.” Meanwhile, other recent research highlights that between 2022 and 2029, the cyber security market worldwide could grow at a compound annual growth rate (CAGR) of close to 13.5%. Most of this data helps us form the big picture just before the invasion of Ukraine in the first quarter. Now, CISA declares a “Shields Up” for possible cyber attacks from Russia as retaliation against the U.S and its allies. Put another way, the future for robust cybersecurity shares looks bright. Crowdstrike (CRWD) We continue the list of cybersecurity stocks with Crowdstrike (NASDAQ:CRWD), which focuses on cloud-delivered protection of endpoints, cloud workloads, identity and data. Crowdstrike reported Q4 FY22 results on March 9. Total revenue was $431.0 million, an increase of 63% YOY, compared to $264.9 million in Q4 FY21. Wall Street was also pleased with the FY22 annual recurring revenue (ARR). Through new subscriptions, ARR grew 65% to reach $1.73 billion. Net income per diluted share was 30 cents, compared to 13 cents in Q4 FY21. Cash and equivalents stood at $2 billion as of Jan. 31. So far in the year, CRWD stock is down by 27.1%, and also 20.4% over the past 12 months. Despite the decline, shares are still frothy. They are trading at 149.3x forward earnings and 25.8x sales. At present, the 12-month median price forecast for Crowdstrike stands at $275. $CrowdStrike Holdings, Inc.(CRWD)$