© Reuters. CrowdStrike Shares Rise on Provisional Authorization to Operate at Impact Level 4
CrowdStrike (Nasdaq: NASDAQ:) shares gained 3% after-hours Thursday after the company was granted a Provisional Authorization to Operate (P-ATO) at Impact Level 4 (IL-4), which enables the company to deploy its Falcon® cybersecurity platform to a broad range of Department of Defense (DoD) and Defense Industrial Base (DIB) customers in order to protect their Controlled Unclassified Information (CUI).
This authorization represents another milestone in the companys ongoing investment and effort to bring its technology, which is used by 65 of the Fortune 100 and 15 of the top 20 banks globally, to the public sector.
Shares of CRWD are up 6% year-to-date.
By Davit Kirakosyan
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