Why Shares of Crowdstrike Gained 14% in April
Shares of Crowdstrike (NASDAQ: CRWD) gained 14.2% last month according to S&P Global Market Intelligence. A broad recovery in technology stocks and an impressive investor briefing served as the catalysts for the rise. The cloud security provider is firing on all cylinders and took advantage of the opportunity to show off.
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The event on April 8 summarized results, the company's progress in product development, and the opportunity it sees ahead. Management pointed to the combination of digital transformation, emerging demand for cloud services, and an elevated threat environment as strong tailwinds for continued growth.
Source Fool.com
