Cybersecurity company CrowdStrike was included in the S&P 500 index today before opening after nearly five years of going public.
According to CCN Financial News, cybersecurity company CrowdStrike (CRWD.US) was included in the S&P 500 index today before the opening bell after nearly five years of going public. CrowdStrike went public for the first time on June 12, 2019. The company said that this is the shortest time for a cybersecurity company to achieve this accomplishment.
CrowdStrike CEO and founder George Kurtz said: "Our belief in founding CrowdStrike is that the future of security will be driven by artificial intelligence and cloud-native architecture capable of collecting massive amounts of data. We have created the first cloud-native cybersecurity platform that is AI-native and has a single intelligent sensor that has forever changed organizations' expectations of modern security."
Seeking Alpha analyst Justin Ward believes that CrowdStrike's stock price could reach $600 within 12 to 18 months. Ward said: "With the evolution of threats, there are also security requirements in this industry. CrowdStrike is a leader, and its rapid rise in product and stock prices in this field has caught the attention of Wall Street."