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<ul><li><a href="https://markets.businessinsider.com/stocks/crwd-stock">CrowdStrike</a> rallied as much as 16.9% on Thursday after beating earnings expectations across the board.</li><li>The cybersecurity company's fiscal third-quarter profit and revenue landed well above estimates.</li><li><keyword id="1670113" type="ORGANIZATION" weightage="60" keywordseo="CrowdStrike">CrowdStrike</keyword> also lifted its forward guidance above Wall Street's forecasts.</li><li>The leap placed shares at record highs.</li><li><a href="https://markets.businessinsider.com/stocks/crwd-stock">Watch CrowdStrike trade live here</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/crwd-stock">CrowdStrike</a> leaped as much as 16.9% on Thursday after the cybersecurity company's quarterly report broadly exceeded expectations.The firm beat estimates for fiscal third-quarter earnings and revenue when it reported figures Wednesday afternoon. CrowdStrike also lifted its current-quarter guidance above Wall Street's forecasts, further boosting bullishness for its shares.Here are the key numbers: Revenue: $232.5 million, versus the $213.8 million estimate from analysts surveyed by BloombergAdjusted earnings per share: 8 cents, versus the 0.5 cent estimateQ4 revenue: $245.5 million to $250.5 million, versus the $232.1 million estimateQ4 adjusted EPS: 8 cents to 9 cents, versus the 1.5 cent estimateRead more: <a href="https://www.businessinsider.com/stocks-picks-to-buy-42-for-strong-growth-morgan-stanley-2020-12">Morgan Stanley handpicks 42 stocks to buy as their company-specific strengths help them deliver strong growth for many years to come</a>"CrowdStrike delivered a record third quarter with results exceeding our expectations across the board," CEO George Kurtz said in a statement.The stock's jump placed prices at record highs. Shares are up roughly 227% year-to-date.Subscription revenue grew 87% from the year-ago period. The company also added a record 1,186 net new subscription customers in the quarter ended October 31.The quarterly performance notched CrowdStrike's third straight quarter of non-GAAP operating profitability. Operating and free cash flow was positive for the fifth consecutive quarter. Still, unadjusted earnings showed a loss of 11 cents per share.CrowdStrike traded at $163.62 per share as of 10:15 a.m. ET Thursday. The company has 25 "buy" ratings and six "hold" ratings from analysts.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-near-records-weekly-jobless-claims-stimulus-2020-12-1029862094">US stocks edge towards new records after jobless claims fall more than expected</a><a href="https://markets.businessinsider.com/news/stocks/tesla-stock-big-short-michael-burry-elon-musk-share-issuance-2020-12-1029859345">'Big Short' investor Michael Burry reveals he's short Tesla, tells Elon Musk to issue more stock at its 'ridiculous price'</a><a href="https://www.businessinsider.com/options-trading-how-investors-can-protect-tech-heavy-portfolios-nasdaq-2020-12">The creator of a new volatility index for the Nasdaq 100 shares how investors can protect portfolios loaded with tech names — and explains why he thinks it's superior to the VIX</a><a href="https://markets.businessinsider.com/stocks/crwd-stock"><div type="image" title="CRWD" height="1086" width="1428" msid="79551547" hostid="261"></div></a>

CrowdStrike rallies 17% after beating estimates for 3rd quarter earnings and future growth

<ul class="summary-list"><li><keyword id="11938776" type="UNKNOWN" weightage="60" keywordseo="crowdstrike" source="Orion">CrowdStrike</keyword> shares rose Tuesday as the <keyword id="6361948" type="UNKNOWN" weightage="60" keywordseo="cybersecurity" source="Orion">cybersecurity</keyword> company is set to be added to the Nasdaq 100 index. </li><li>The inclusion on the widely watched index will take place on Thursday. </li><li>CrowdStrike will replace Maxim Integrated Products on the index of large-cap non-financial companies. </li></ul>Shares of CrowdStrike jumped Tuesday, with the cybersecurity technology company set to be added to the widely watched <a href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq-100 index. </a>The cloud-security company, whose products are aimed at spotting and warding off ransomware attacks, ID theft and data breaches, will be added to the index that tracks the securities of the 100 largest non-financial companies listed on the Nasdaq exchange, according to a <a href="https://www.globenewswire.com/en/news-release/2021/08/24/2285158/6948/en/CrowdStrike-Holdings-Inc-to-Join-the-NASDAQ-100-Index-Beginning-August-26-2021.html">Nasdaq statement late Monday</a>. The inclusion will take effect before the opening bell on Thursday. CrowdStrike shares traded close to all-time highs by rising as much as 9.4% to $268.98 during Tuesday's session before trimming the gain to 8%. The stock this year had increased by 16% through Monday's regular session. The company, which has a market capitalization of roughly $54 billion, will replace <a href="https://markets.businessinsider.com/stocks/mxim-stock">Maxim Integrated Products</a> on the Nasdaq-100. CrowdStrike will also be added to the Nasdaq-100 Equal Weighted Index and the Nasdaq-100 Technology Index, effective Thursday. The moves will take place ahead of Crowdstrike releasing its second-quarter earnings report on August 31. Revenue in the first quarter surged by 70% to $303 million, beating analysts' estimates of $291 million, a reflection of an <a href="https://www.businessinsider.com/kurtz-crowdstrike-ceo-q1-earnings-ransomware-cybersecurity-2021-6">ongoing boom in the cybersecurity industry</a>.

CrowdStrike climbs as the cybersecurity firm is set to be added to the Nasdaq-100

<ul><li>As the stock market hits record highs, some investors are concerned about a bubble.</li><li>High valuations and an AI-hype cycle are the top concerns for bearish investors.</li><li>From AI to chicken wings, listed below are the 10 most richly valued stocks in the market right now.</li></ul>Record highs in the stock market and growing hype around artificial intelligence are leading <a href="https://www.businessinsider.com/stock-market-outlook-bubble-crash-rosenberg-grantham-summers-recession-economy-2024-3">some investors to worry about a potential bubble.</a>Valuations are stretched, crypto is booming, and to some investors, it feels like the more than 25% gain in the S&amp;P 500 since late October is too far too fast.Economist David Rosenberg <a href="https://www.businessinsider.com/stock-market-crash-bubble-sp500-outlook-recession-risks-2008-rosenberg-2024-3">highlighted three glaring divergences in the stock market</a> earlier this month that suggest a downturn is inevitable, and Warren Buffett's favorite valuation signal is nearing records, <a href="https://www.businessinsider.com/warren-buffett-indicator-stock-market-outlook-bubble-crash-ai-tech-2024-3">suggesting that stocks are richly valued.</a>When looking at individual stocks, it's not only AI stocks that are surging higher. Everything from chicken wing restaurants to biotech companies are hitting valuations that look unsustainable in the long-term.These are the 10 most richly valued stocks in the market right now that have a market valuation of at least $10 billion, based on their price-to-sales ratio.10. Trade Desk<div type="image" title="the trade desk" height="600" width="1200" msid="108918637" hostid="261" sizebytes="53238"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/ttd-stock">TTD</a> Price-to-sales ratio: 22.0x Market value: $42.7 billion9. Palantir<div type="image" title="Palantir" height="1500" width="3000" msid="108918638" hostid="261" sizebytes="148548"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/pltr-stock">PLTR</a> Price-to-sales ratio: 22.9x Market value: $50.9 billion8. Wingstop<div type="image" title="UKRAINE - 2021/06/21: In this photo illustration a Wingstop logo of an US chain of restaurants is seen on a smartphone screen with a Wingstop menu in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)" height="1944" width="3888" msid="108918640" hostid="261" sizebytes="139128"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/wing-stock">WING</a> Price-to-sales ratio: 23.4x Market value: $10.8 billion7. Cloudfare<div type="image" title="Cloudflare CEO Matthew Prince" height="2646" width="5293" msid="108918641" hostid="261" sizebytes="449444"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/net-stock">NET</a> Price-to-sales ratio: 25.2x Market value: $32.7 billion6. Crowdstrike<div type="image" title="Crowdstrike logo" height="1944" width="3888" msid="108918643" hostid="261" sizebytes="104980"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/crwd-stock">CRWD</a> Price-to-sales ratio: 25.4x Market value: $77.5 billion5. Legend Biotech<div type="image" title="Legend biotech" height="759" width="1518" msid="108918644" hostid="261" sizebytes="34170"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/legn-stock">LEGN</a> Price-to-sales ratio: 35.8x Market value: $10.2 billion4. Nvidia<div type="image" title="A laptop keyboard, a binary code reflected and Nvidia logo displayed on a phone screen are seen in this illustration photo taken in Krakow" height="1771" width="3542" msid="108918645" hostid="261" sizebytes="67726"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/nvda-stock">NVDA</a> Price-to-sales ratio: 37.1x Market value: $2.26 trillion3. Arm Holdings<div type="image" title="Arm Holdings CEO Rene Haas" height="512" width="1024" msid="108918646" hostid="261" sizebytes="35816"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/arm-stock">ARM</a> Price-to-sales ratio: 43.7x Market value: $128.5 billion2. MicroStrategy<div type="image" title="Michael Saylor, CEO of MicroStrategy" height="512" width="1024" msid="108918647" hostid="261" sizebytes="16502"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/tsla-stockhttps://markets.businessinsider.com/stocks/mstr-stock">MSTR</a> Price-to-sales ratio: 58.3x Market value: $28.9 billion1. Astera Labs<div type="image" title="Astera Labs" height="2499" width="5000" msid="108918648" hostid="261" sizebytes="126722"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/alab-stock">ALAB</a> Price-to-sales ratio: 97.7x Market value: $11.3 billion

Stock market bubble warnings are everywhere. These are the 10 most richly valued stocks right now.

<ul><li><keyword id="11901144" type="UNKNOWN" weightage="60" keywordseo="tiger-global-management" source="Orion">Tiger Global Management</keyword> has lost $16 billion in client assets so far this year, according to a Bloomberg report.</li><li>That represents the hedge fund's worst year ever, with its main fund down 44% year-to-date.</li><li>These are the top 10 holdings of <keyword id="11893278" type="UNKNOWN" weightage="60" keywordseo="tiger-global" source="Orion">Tiger Global</keyword> that contributed to its massive losses.</li></ul>Hedge fund giant Tiger Global Management has taken it on the chin so far in 2022, with its main strategy down 44% in the first four months of the year, according to <a href="https://www.bloomberg.com/news/articles/2022-05-03/tiger-global-sinks-15-in-april-to-push-this-year-s-loss-to-44">a Bloomberg report.</a>Tiger Global's long-only fund experienced an even worse decline, falling 25% in April alone for a year-to-date loss of 52%, according to Bloomberg. The sizable decline has led to a $16 billion reduction in assets under management. The hedge fund managed $46 billion at the start of the year, according to data from Whale Wisdom.In an investor letter seen by Bloomberg, Tiger Global told clients that "<keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">Markets</keyword> have not been cooperative given the macroeconomic backdrop, but we do not believe in excuses and so will not offer any." That macroeconomic backdrop includes rising inflation and higher interest rates, which has led to a year-to-date sell-off of about 20% for the Nasdaq 100.All-in, the disastrous performance means the hedge fund is on track for its worst year ever since it was founded in 2001. Prior to this year's decline, Tiger Global had a strong reputation of delivering consistent outperformance relative to the S&amp;P 500 while notching only two down years since its inception, according to Bloomberg.These are Tiger Global's top 10 holdings at the start of 2022 that likely contributed to the hedge fund's sizable decline so far this year, according to <a href="https://whalewisdom.com/filer/tiger-global-management-llc#tabholdings_tab_link">data from Whale Wisdom.</a> The data is as of December 31, 2021, and there is no telling if Tiger Global sold out of these positions until they file their next 13F later this month. 10. ServiceNow<div type="image" title="man in sunglasses sitting against a blue background" height="1000" width="2000" msid="91326892" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/now-stock">NOW</a> Market Value: $1.4 billion Share of Tiger's Portfolio: 3.11% YTD Decline: -23.8%9. CrowdStrike<div type="image" title="Crowdstrike logo" height="1944" width="3888" msid="91326894" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/crwd-stock">CRWD</a> Market Value: $1.5 billion Shares of Tiger's Portfolio: 3.35% YTD Decline: -2.4%8. Carvana<div type="image" title="A Carvana vehicle showroom is shown" height="2584" width="5169" msid="91326896" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/cvna-stock">CVNA</a> Market Value: $1.7 billion Share of Tiger's Portfolio: 3.66% YTD Decline: -74.5%7. Meta Platforms<div type="image" title="Meta HQ" height="2659" width="5319" msid="91326898" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/fb-stock">FB</a> Market Value: $1.7 billion Share of Tiger's Portfolio: 3.69% YTD Decline: -34.2%6. DoorDash<div type="image" title="A DoorDash rider with his bike and delivery pack on his back exiting a NYC restaurant in winter." height="3023" width="6048" msid="91326901" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/dash-stock">DASH</a> Market Value: $1.7 billion Share of Tiger's Portfolio: 3.76% YTD Decline: -46.0%5. Snowflake<div type="image" title="Snowflake CEO Frank Slootman" height="1500" width="3000" msid="91326902" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/snow-stock">SNOW</a> Market Value: $2.0 billion Share of Tiger's Portfolio: 4.43% YTD Decline: -45.6%4. Nu Holdings<div type="image" title="fintech" height="758" width="1516" msid="91326903" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/nu-stock">NU</a> Market Value: $2.5 billion Share of Tiger's Portfolio: 5.42% YTD Decline: -40.7%3. Sea Limited<div type="image" title="forrest li" height="1249" width="2500" msid="91326904" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/se-stock">SE</a> Market Value: $2.5 billion Share of Tiger's Portfolio: 5.53% YTD Decline: -60.0%2. Microsoft<div type="image" title="Microsoft" height="480" width="960" msid="91326905" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/msft-stock">MSFT</a> Market Value: $2.8 billion Share of Tiger's Portfolio: 6.19% YTD Decline: -14.5%1. JD.com<div type="image" title="JD.com is reported to have started laying off 400 to 600 employees in recent weeks. Here, a man stands next to a billboard advertising JD.com 618 Shopping Festival on May 29, 2021 in Beijing, China." height="1000" width="2000" msid="91326906" hostid="261"></div>Ticker: <a href="https://markets.businessinsider.com/stocks/jd-stock">JD</a> Market Value: $3.8 billion Share of Tiger's Portfolio: 8.17% YTD Decline: -10.3%

Tiger Global is on track for its worst year ever after a 44% decline. These were its top 10 holdings at the start of the year.

<ul><li><keyword id="1985091" type="PERSON" weightage="60" keywordseo="dogecoin">Dogecoin</keyword>'s 7,199% rally in 2021 had made the meme-based cryptocurrency worth $50 billion.</li><li>These 10 well-known companies are now worth less than a shiba inu-inspired cryptocurrency.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener noreferrer">Sign up here for our daily newsletter, 10 Things Before the Opening Bell.</a></li></ul>Dogecoin, a meme-inspired cryptocurrency that was started as a joke in 2013, <a href="https://markets.businessinsider.com/currencies/news/dogecoin-price-doge-cryptocurrencies-bitcoin-ether-coinbase-btc-2021-4-1030316510">is now worth $50 billion after a gravity-defying year-to-date rally of 7,199%.</a>The rally was sparked by <a href="https://markets.businessinsider.com/currencies/news/dogecoin-price-elon-musk-twitter-cryptocurrency-market-trading-reddit-doge-2021-2-1030043774?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">a series of tweets from Elon Musk</a> earlier this year, as well as from <a href="https://markets.businessinsider.com/currencies/news/dogecoin-price-surges-tweets-from-elon-musk-snoop-dogg-cryptocurrency-2021-2-1030055654?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Snoop Dogg, Gene Simmons,</a> and <a href="https://markets.businessinsider.com/currencies/news/dogecoin-price-doge-doubles-market-cap-18-billion-btc-coinbase-2021-4-1030304744">Guy Fieri</a>. An overall increase in demand for crypto among investors following <a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-all-time-high-btc-stimulus-institutional-coinbase-cryptocurrencies-2021-4-1030297319?utm_source=markets&amp;utm_medium=ingestgest">bitcoin's surge to more than $60,000</a> and the <a href="https://markets.businessinsider.com/news/stocks/coinbase-stock-price-ipo-direct-listing-trading-debut-cryptocurrency-platform-2021-4-1030304997">direct listing of crypto-exchange platform Coinbase</a> likely also helped support the continued rally in dogecoin.Even some congressman are getting in on the dogecoin craze, with house member Mark Green <a href="https://markets.businessinsider.com/currencies/news/dogecoin-doge-price-republican-house-member-bought-crypto-big-gains-2021-4-1030318083">disclosing that he purchased the cryptocurrency earlier this month.</a>Dogecoin differs from <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword> in that there is no hard limit on the total supply of coins. Bitcoin has a fixed supply of about 21 million coins, of which not all have been mined yet. Dogecoin on the other hand has more than 129 billion coins outstanding, with 5 billion in new coins hitting the supply every year.Even the founder of dogecoin, Billy Markus, can't make sense of the surge in the coin he started as a joke. Markus <a href="https://www.wsj.com/articles/elon-musks-dogecoin-tweeting-has-believers-barking-for-more-11612607401?mod=hp_lista_pos4" target="_blank" rel="noopener">told The Wall Street Journal in February,</a> "The idea of dogecoin being worth 8 cents is the same as GameStop being worth $325, it doesn't make sense."Markus sold all of his dogecoins in 2015 and <a href="https://markets.businessinsider.com/currencies/news/dogecoin-creator-sold-coins-years-ago-laid-off-cryptocurrency-mania-2021-2-1030077260">used the proceeds to purchase a Honda Civic,</a> as even he couldn't foresee the outsized influence a shiba dog would have on people's investment decisions.Dogecoin's unlimited supply and the bewilderment of its founder hasn't stopped investors from piling into the meme token, making it now more valuable than these 10 well-known companies.1. Ross StoresTicker: <a href="https://markets.businessinsider.com/stocks/rost-stock">ROST</a> Market Cap: $46.0 billion<div type="image" title="ross store" height="1249" width="2500" msid="82148979" hostid="261"></div>2. Walgreens Boots AllianceTicker: <a href="https://markets.businessinsider.com/stocks/wba-stock">WBA</a> Market Cap: $46.4 billion<div type="image" title="FILE - In this June 25, 2019, file photo signage hangs outside a Walgreens pharmacy in downtown Cincinnati. Walgreens reports financial results on Wednesday, Jan. 8, 2020. (AP Photo/John Minchillo, File)" height="2625" width="5250" msid="82148981" hostid="261"></div>3. Las Vegas SandsTicker: <a href="https://markets.businessinsider.com/stocks/lvs-stock">LVS</a> Market Cap: $46.8 billion<div type="image" title="The Venetian Resort Hotel and Casino signage in Las Vegas, Nevada on September 9, 2017." height="2016" width="4032" msid="82148982" hostid="261"></div>4. Kimberly-ClarkTicker: <a href="https://markets.businessinsider.com/stocks/kmb-stock">KMB</a> Market Cap: $47.0 billion<div type="image" title="toilet paper" height="1000" width="2000" msid="82148983" hostid="261"></div>5. CrowdStrikeTicker: <a href="https://markets.businessinsider.com/stocks/crwd-stock">CRWD</a> Market Cap: $47.7 billion<div type="image" title="Crowdstrike logo" height="1944" width="3888" msid="82148989" hostid="261"></div>6. FordTicker: <a href="https://markets.businessinsider.com/stocks/f-stock">F</a> Market Cap: $48.0 billion<div type="image" title="ford factory" height="746" width="1493" msid="82148990" hostid="261"></div>7. CarvanaTicker: <a href="https://markets.businessinsider.com/stocks/cvna-stock">CVNA</a> Market Cap: $48.5 billion<div type="image" title="Carvana vending machine" height="1280" width="2560" msid="82148992" hostid="261"></div>8. MarriottTicker: <a href="https://markets.businessinsider.com/stocks/mar-stock">MAR</a> Market Cap: $48.6 billion<div type="image" title="ritz carlton miami beach" height="998" width="1996" msid="82148993" hostid="261"></div>9. DoordashTicker: <a href="https://markets.businessinsider.com/stocks/dash-stock">DASH</a> Market Cap: $48.7 billion<div type="image" title="doordash delivery driver" height="1000" width="2000" msid="82148994" hostid="261"></div>10. RokuTicker: <a href="https://markets.businessinsider.com/stocks/roku-stock">ROKU</a> Market Cap: $49.9 billion<div type="image" title="GettyImages 1204852519" height="2000" width="4000" msid="82148996" hostid="261"></div>

Dogecoin's $50 billion valuation now makes it bigger than these 10 well-known companies

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="https://www.crowdstrike.com/george-kurtz/">Crowdstrike</a>Crowdstrike CEO George Kurtz.</div></div></div><ul class="summary-list"><li>Crowdstrike, a cybersecurity startup valued at $3.4 billion, filed <a href="https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zs-1.htm">a public S-1</a> on Tuesday, officially launching its IPO process.</li><li>The cybersecurity company plans to list on the Nasdaq under the ticker "CRWD."</li><li>Crowdstrike sells an end-point security solution which competes with the Blackberry-acquired Cylance as well as startup SentinelOne.</li><li>The startup is backed by investors including Google and Accel.</li></ul> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/game-of-thrones-arya-kills-night-king-battle-of-winterfell-season-8-episode-3-2019-5">16 clues that foreshadowed Arya's big moment at the battle of Winterfell in 'Game of Thrones'</a></h3> <div> </div> </div>

$3.4 billion cybersecurity company CrowdStrike has filed to go public

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="https://www.crowdstrike.com/george-kurtz/">Crowdstrike</a> CrowdStrike founder CEO George Kurtz </div></div></div><ul><li><a href="https://markets.businessinsider.com/private-company/crowdstrike">CrowdStrike</a>, a cybersecurity startup founded in 2011, jumped 71% in its opening trade. </li><li>The company sells cloud-based-endpoint security, threat intelligence, and incident response solutions. </li><li>Private investors last valued the company at $3.4 billion. </li><li><a href="https://markets.businessinsider.com/">Visit Markets Insider's homepage for more stories.</a></li></ul>CrowdStrike shares surged when they hit the public markets on Wednesday morning. Shares opened for trading at $65.57 - a 71% jump from their $34 pricing on Tuesday evening. The 18-million-share sale raised $612 million. Crowstrike's pricing was expected to be in the range of $28 to $30 a share, which would have meant the company raised $600 million at the high end of that range.The cybersecurity startup sells cloud-based-endpoint security, threat intelligence, and incident response solutions. It generated $250 million in revenue during fiscal year 2019, up 110% from the previous year. Cyberstrike lost $140.1 million the year ended January 31, up from $135.5 million in 2018. CrowdStrike joins the public markets just weeks after Uber, Zoom, Pinterest, and <a href="https://markets.businessinsider.com/news/stocks/beyond-meat-stock-price-up-475-since-pricing-ipo-2019-6-1028266607">Beyond Meat</a> set the pace for a blistering start to 2019's public offerings. The company is listed on the Nasdaq under the ticker CRWD.Goldman Sachs, JPMorgan, Bank of America, and Barclays were the lead underwriters on the IPO. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/how-sunscreen-works-spf-uv-ultraviolet-rays-health-2016-7">Here's what that number on every bottle of sunscreen actually means</a></h3> <div> </div> </div>

You Searched For "crwd" and got 7 results

CrowdStrike rallies 17% after beating estimates for 3rd quarter earnings and future growth

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CrowdStrike climbs as the cybersecurity firm is set to be added to the Nasdaq-100

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Stock market bubble warnings are everywhere. These are the 10 most richly valued stocks right now.

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Tiger Global is on track for its worst year ever after a 44% decline. These were its top 10 holdings at the start of the year.

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$3.4 billion cybersecurity company CrowdStrike has filed to go public

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