Cybersecurity is going to be the most important industry in the U.S. as the economy increasingly goes digital, wealth advisor Josh Brown said Thursday on CNBC's "Fast Money: Halftime Report."
Crowdstrike Holdings Inc (NASDAQ:CRWD) is the salesforce.com inc (NYSE:CRM) of cybersecurity, he said
Brown has liked CrowdStrike since the stock was about $100 cheaper, he said.
The Thesis: CrowdStrike is a 21st-century infrastructure play, he said, adding that there are so many companies depending on cybersecurity.
Related Link: CrowdStrike Falcon Achieves Comprehensive Detection and Extensive Visibility
Popular platforms such as Snowflake Inc (NYSE:SNOW), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Amazon.com Inc (NASDAQ:AMZN) don't work if the network isn't secure, Brown said.
CrowdStrike reported fourth-quarter earnings on March 16. The company is estimated to report first-quarter earnings at the beginning of June.
CRWD Price Action: CrowdStrike is up 223.69% over a 1-year period and 5.30% year-to-date.
CrowdStrike was up 3.02% at $216.73 Thursday afternoon at publication.
(Image by TheDigitalArtist from Pixabay)
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