Huge day for CRWD stock today! (Currently up almost 9% and $21/share). Two big impacts:
- PANW, a competitor in the cyber security space announced incredible earnings and growth in their earnings release at the close last night. No doubt a solid indicator of the tail winds in the sector that will also propel CRWD.
- BIG announcement yesterday that CRWD will join the Nasdaq 100 on August 26. This is a huge positive for ANY stock, as a lot of funds and indexes are now suddenly able to add the holding…higher demand for the stock gives the stock price a nice pop!
Finally, CRWD earnings are next week on Tuesday Aug 31 after the market…after Palo Alto Networks earnings blowout today, CRWD should not disappoint!!