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Crowdstrike Stock Surges on Fears of Cyberattacks | #cybersecurity | #cyberattack | #hacking | #aihp


Shares of Crowdstrike Holdings surged Thursday (Feb. 24) as fears of Russian cyber mischief buoyed the stocks of internet security firms.

Crowdstrike, of Austin, Texas, closed at $182.88, up $21.05 or 13%. The closing price was just below the stock’s high for the session of $183.86.

Crowdstrike began the calendar year at $198.33, but like many tech shares has swung wildly, hitting a low for the year of $159.59 on Jan. 25.

The Wall Street Journal reported in mid-February that Crowdstrike was among the companies expected to benefit from security needs created or highlighted by the crises in Ukraine.

In its latest publicly available financial statements, which cover the quarter that ended Oct. 31, Crowdstrike reported a loss of $50.45 million, or 22 cents a share, on revenue of $357 million.

According to its website, Crowdstrike is scheduled to release earnings for the quarter and full year that ended Jan. 31 after the stock markets close March 9.

Read more: Hackers Tapped Microsoft Resellers To Gain Access, Report Says

The company enjoys some public engagement when it releases its annual “threat report” detailing trends in cyberattacks identified over the previous 12 months.

Among Crowdstrike’s main peers in the cybersecurity space, Palo Alto Networks closed up 13% Thursday and Ironnet Inc. closed up 30%.

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