Why CrowdStrike Stock Jumped 16.3% in March

CrowdStrike (NASDAQ: CRWD) stock gained 16.3% in March, according to data from S&P Global Market Intelligence. The cybersecurity company's share price gained ground in conjunction with positive momentum for the broader market.  

The Nasdaq Composite index climbed roughly 3.4% last month, and many software companies with growth-dependent valuations saw big gains as the market bounced back from big sell-offs in February. CrowdStrike also appears to have gotten a boost from the announcement of an expanded partnership with Web services and security company Cloudflare and conditions pointing to increased demand for cybersecurity services. 

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Source Fool.com