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Why CrowdStrike Stock Surged Today

TheMotleyFool

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Why CrowdStrike Stock Surged TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of CrowdStrike (NASDAQ: CRWD) jumped 12.5% on Thursday after the cloud security leader reported financial results that exceeded investors' expectations.

CrowdStrike's revenue soared 63% year over year to $431 million in its fiscal 2022 fourth quarter, which ended on Jan. 31.

Businesses are flocking to the cybersecurity platform. CrowdStrike ended the quarter with a total of 16,325 subscription customers. That was up 65% compared to the prior-year period.

Source Fool.com

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