Why CrowdStrike, Okta, and Cloudflare Stocks Surged Today
Cybersecurity stocks jumped on Thursday. By the close of trading, shares of CrowdStrike (NASDAQ: CRWD), Okta (NASDAQ: OKTA), and Cloudflare (NYSE: NET) were up 8.3%, 6.6%, and 8.7%, respectively.
Demand for dependable cybersecurity solutions is soaring, as COVID-19 drives more businesses to adopt work-from-home arrangements and shift their operations to the cloud. Alarmingly high coronavirus case counts had investors once again bidding up the shares of CrowdStrike, Okta, and Cloudflare on Thursday on the expectations that these web security leaders will deliver strong results in the coming quarters.
Cybersecurity stocks rose sharply on Thursday, as investors sought shelter from the COVID storm. Image source: Getty Images.
Source Fool.com
