Crowdstrike (CRWD) shares soar 70 percent in initial public offering (IPO)

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As of January 31, 2019, Crowdstrike had 2,516 subscription customers worldwide including 44 of the Fortune 100 and 37 of the top 100 global companies.

In an interview with CNBC’s Squawk Alley, Crowdstrike CEO George Kurtz said, “There’s been no Salesforce of security. We think we’ve taken the right approach and created the right architecture to be that fourth pillar of cloud computing.”

In a separate interview with CNN, Kurtz emphasize that the company competitive because of its ability to prevent data breach. He said, “Preventing a breach is much more important than preventing malware.”

Kurtz explained that stopping malware is also important and it is a subset of a data breach. He added that Crowdstrike is “providing an incredibly valuable technology and service in area where the landscape is ever evolving”

Furthermore, Kurtz believe that Crowdstrike has significant growth opportunities in the cloud. He noted that companies and governments embrace the cloud for their legacy technologies.