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CrowdStrike Holdings (CRWD) Soars 7.54% on Q4 Earnings, Tech Sector Optimism

Mover TrackerThursday, Apr 24, 2025 6:33 pm ET

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CrowdStrike Holdings (CRWD) surged 7.54% intraday, marking its highest level since February 2025, with a three-day winning streak and a cumulative gain of 14.16% over the past three days.

The recent surge in CrowdStrike Holdings' stock price is primarily attributed to a broader positive sentiment in the tech sector, which has been buoyed by renewed optimism in the U.S. market. This optimism contributed to a significant increase in CRWD shares. Additionally, CrowdStrike's reported Q4 net new ARR of $224 million surpassed expectations, contributing positively to the stock's performance. Furthermore, the company has entered into a strategic partnership with Wipro, which aims to enhance next-generation security operations, potentially offering further growth opportunities for the company.

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