CrowdStrike Holdings Stock Surges on Work-From-Home and Shelter-in-Place Security Needs
CrowdStrike Holdings (NASDAQ: CRWD) had a great start to its 2021 fiscal year (the quarter that ended April 30, 2020). As a result of the worldwide disruption, CrowdStrike reported a surge in demand generated by work-from-home and shelter-in-place orders, blowing away its previous outlook for revenue growth of 73% in the first quarter. As discussed a few months prior, it's looking like CrowdStrike has a black swan event on its hands -- a rare and hard-to-predict event that has big consequences -- but a black swan event that is propelling it into a leadership role in the cybersecurity industry.