CrowdStrike (NASDAQ: CRWD) has experienced significant growth in 2023, with its stock price soaring nearly 50% to a record high of over $500. This marks an increase of more than 1,300% since its IPO in 2019, with the company’s revenue surpassing $1 billion and its annual recurring revenue reaching $4.4 billion.
CrowdStrike recently announced a share repurchase authorization of $1 billion, a move that indicates management’s confidence in the company’s future. Analysts speculate that a stock split could be on the horizon, potentially making the shares more accessible to a wider range of investors.
In the latest quarter, CrowdStrike reported a revenue increase of 20%. Despite recent challenges, including a software update glitch that affected earnings, the company continues to maintain solid customer relationships and double-digit growth.
