Why CrowdStrike Holdings Stock Surged 29.8% in May

Shares of cloud-based cybersecurity company CrowdStrike Holdings (NASDAQ: CRWD) rose 29.8% in May, according to data from S&P Global Market Intelligence. The newly public company didn't report any financial results during the month. In fact, its first-quarter earnings report actually comes out after the bell today.

Still, CrowdStrike rose on a steady wave of optimism stemming from a big recent customer win, along with analyst upgrades throughout the month.

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Source Fool.com