Is CrowdStrike Holdings (CRWD) the Best Cybersecurity Stock to Buy Now?

We recently published 10 Stocks Wall Street is Watching Heading into October. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks Wall Street is watching.

Stephanie Link, Hightower Advisors’ chief investment strategist and portfolio manager, said in a recent program on CNBC that she likes CrowdStrike because of her overall bullish outlook on the cybersecurity industry. Here is why she likes the stock amid industry-wide growth catalysts:

“I think cyber security is certainly something that we’re in very early innings, something like the second or third innings, and I think a lot of it is because it’s driven by AI. AI really is not safe at this moment in time, so you need more cyber security. I think you’re going to see consolidation overall in the sector. We have 4,000 cyber security companies in the world, public and private, and I think you’re going to see massive consolidation because quite frankly companies don’t want to have 20 to 30 different vendors. Even the biggest companies like CrowdStrike and PaloAlto don’t offer a one-stop shop. They don’t have everything for their customers. So they’re going to continue to acquire their technologies. CrowdStrike trades at an expensive multiple, but they just raised guidance two weeks ago, so it’s trading at about 27 times price to sales. Again, not cheap.”

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TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its second quarter 2025 investor letter:

“Among our holdings, we trimmed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as it gained 44%. A cloud-based endpoint security provider that secures a range of devices, endpoints, and cloud environments, CrowdStrike benefited early in the quarter as cybersecurity was one of the most resilient areas in an uncertain macroeconomic environment. In June, its results were higher than anticipated, especially with gains in net new annual recurring revenues, which are also expected to double in the next fiscal year. There were some lingering impacts from last year’s outage, but with the resulting customer retention rebates about to expire, we expect CrowdStrike’s revenues will continue reaccelerating.”

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Disclosure: None. This article is originally published at Insider Monkey.