Nasdaq Bull Market Could Lift Cybersecurity Stocks Datadog and CrowdStrike
-
The Nasdaq is back in a bull market, returning 215% on average during past bull markets since 1990. Stocks like Datadog and CrowdStrike could benefit.
-
Datadog sells observability and security software to help companies monitor and protect their systems. Revenue and customers are growing rapidly.
-
CrowdStrike is a leader in cloud-based endpoint security and other cybersecurity markets. It benefits from strong demand and product innovation.
-
Both Datadog and CrowdStrike are growing revenue 25-30% annually, have high customer retention rates, and their stocks could deliver strong returns for patient investors.
-
The article recommends buying small positions in Datadog and CrowdStrike if you have a high risk tolerance and plan to hold for the long term as these are not cheap stocks.