Why CrowdStrike Stock Is Crowding Higher Today

Shares of cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) surged in early trading on the NASDAQ Tuesday, rising 6.3% through 11:15 a.m. EDT -- although it's not entirely clear why.

Yesterday, CrowdStrike announced it has been named to Fortune magazine's 2021 Best Companies to Work For list -- a feather in the company's cap to be sure, which should help with recruitment costs but probably won't move the needle overmuch on the business as a whole.  

Separately, The Wall Street Journal reported this morning that rival cybersecurity firm Darktrace is gearing up for a $4 billion IPO. Excitement over that initial public offering could be spilling over to excite investors about CrowdStrike, I suppose.  

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Source Fool.com