CRWD earnings might be a real test for the cybersecurity trade

CrowdStrike reports earnings after the close on June 3, and I think this one is worth watching beyond just CRWD itself. Cybersecurity has been a weird trade lately. On one side, AI should make security more important because attacks are getting faster, more automated, and harder to detect. That should benefit companies like CRWD, PANW, OKTA and other larger security platforms. On the other side, expectations are already high. CRWD has had a big run this year, and options pricing is implying a la