Cybersecurity firms CrowdStrike, Okta shares jump after better-than-expected earnings

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By Chibuike Oguh NEW YORK (Reuters) - Shares of CrowdStrike Holdings Inc and Okta Inc each gained more than 10% on Thursday after both cybersecurity ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW YORK - Shares of CrowdStrike Holdings Inc and Okta Inc each gained more than 10% on Thursday after both cybersecurity firms reported better-than-expected quarterly results, driven by strong demand for their products.

CrowdStrike shares rose as much as 10.2% to $164.41 on Thursday and was last trading at $162, up 8.59%. Shares have soared more than 54% year to date. Other cybersecurity firms were also trading higher, buoyed by CrowdStrike and Okta. Zscaler Inc rose 5% while the Nasdaq Cybersecurity index was up 1.5%.

 

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