Cybersecurity companies are in a major hype cycle, i know. That was also the case during covid. CrowdStrike currently trades at forward P/E of around 180 based on non-GAAP. At such a high P/E multiple you are essentially paying for a lot of expected future growth upfront. Companies with high valuation multiples should at least in theory be among the most sensitive when bond yields and interest rates are increasing. The larger the portion of a company’s current value that depends on cash flows fa
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