The decline in valuations and absolute share prices has been at rates that rival anything in the recent past.
This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space.
Ironically, software demand is likely to see a tailwind from inflation that is not factored into estimates.
The combination of falling stock prices with continued growth rates and increasing free cash flow margins presents investors with rare investment opportunities.
…"Again, there are plenty of cyber-security names from which to choose, but at this point, with valuations compressed, I think it makes the most sense to choose the 3 category leaders:
Crowdstrike (CRWD), the leader in advanced endpoint security based on the newest AI technologies. Zscaler (ZS), the leader in security for the cloud (Zscaler internet Access) based on what is often referred to as a zero-trust architecture as well as Zscaler Private Access, designed to secure access to applications hosted in user data centers, and Okta (OKTA), the leader in identity management, both for enterprises and for business to consumer applications, whose recent acquisition of AuthO is apparently accelerating organic growth and the acquisition of larger, enterprise users.