CrowdStrike valuation


Why is CRWD valued at this level?

https://finance.yahoo.com/quote/CRWD/key-statistics/
Rounded numbers:

Share price is 270, EPS is 0.5.
Market cap is 70B, profit is in millions. 2023 revenue 2B.
Trailing PE is 400-800.
Forward PE is 70.

What kind of a catalyst is this stock looking at to make this make sense?


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