Why Crowdstrike Holdings Was Up 11.5% This Week

Shares of endpoint cybersecurity software leader Crowdstrike Holdings (NASDAQ: CRWD) rose by 11.5% this week, according to data provided by S&P Global Market Intelligence. Most of the gains occurred on Wednesday following an investor briefing on a number of new product launches. Shares are now up 29% so far in 2021.

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Based on that investor briefing, it's clear Crowdstrike's development team has been busy. It introduced FileVantage, a new module for detecting data integrity and possible tampering by unauthorized users. It also announced a new open data-sharing partnership with firms including Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Okta (NASDAQ: OKTA), ServiceNow (NYSE: NOW), and Zscaler (NASDAQ: ZS), giving members of this security alliance greater ability to detect and hunt down security risks.

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Source Fool.com