As Annual Recurring Revenue Accelerates, Is CrowdStrike a Buy?

CrowdStrike (NASDAQ: CRWD) continues to regain its momentum, as its annual recurring revenue (ARR) growth once again reaccelerated in its fiscal fourth quarter. However, despite the cybersecurity company's improving performance, the stock is still down for the year.With growth accelerating, let's see if now is a good time to buy Crowdstrike stock.CrowdStrike delivered another strong quarter, as its net new ARR jumped 47% to $331 million and total ARR increased 24% to $5.25 billion. ARR is the annualized value of its high-gross-margin subscriptions and doesn't include its professional services revenue. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool