Why CrowdStrike Stock Rocketed Higher on Wednesday Morning

Shares of CrowdStrike (CRWD 14.16%) charged sharply higher on Wednesday, gaining as much as 22.7% in early trading. As of 10:46 a.m. ET, the stock was still up 14.6%. The catalyst that sent the cloud-based cybersecurity specialist higher was quarterly results that far outpaced expectations.Blockbuster resultsCrowdStrike reported the results for its fiscal 2024 second quarter (ended Jan. 31), and investors were taken aback. Revenue of $845 million grew 33% year over year, driven higher by growing customer si ...