Cowen says Crowdstrike is a top pick in cybersecurity, sees double-digit growth

CrowdStrike IPO at the Nasdaq exchange June 12, 2019.
Source: Nasdaq

Crowdstrike is one of the best ways for investors to play the booming cybersecurity industry, according to investment firm Cowen.

Analyst Shaul Eyal initiated coverage of the sector on Thursday and named Crowdstrike one of the top picks. He said the company is set up for double-digit growth in the years ahead with strong underlying fundamentals.

More In Street Calls

CNBC ProGoldman Sachs sees oil rallying into the summer. Here are the firm’s top stock picks to play it
CNBC ProHere are Friday's biggest analyst calls of the day: Exxon, Apple, JPMorgan, Bed Bath & Beyond, Tesla & more
CNBC ProBed Bath & Beyond can fall 30% as Reddit frenzy slows, KeyBanc says