Crowdstrike Holdings Inc. traded as high as 97 percent over its initial public offering price June 12, according to MarketWatch.

Crowdstrike is a cyber-security firm that focuses on cloud-delivered endpoint protection, according to its website.

Endpoint protection requires endpoints, such as PCs, laptops, smartphones, tablets and bar code readers to satisfy certain requirements before gaining access to the network. The company has also worked to boost its presence in the public sector.

Falcon, the endpoint protection platform developed by Crowdstrike, became available for purchase to government entities in California in January 2019.

CrowdStrike also provides services to private sector entities, including 44 of the Fortune 100, 37 of the top 100 global companies and nine of the top 20 major banks, according to a blog post celebrating the IPO. CrowdStrike is also known for revealing the breach of Democratic National Convention servers during the 2016 election.

The stock closed June 14 at $64.16 a share, about 88 percent above its initial price.

Cal Pringle is a general assignment editorial fellow supporting Defense News, C4ISRNET and Fifth Domain. He is attending the University of Richmond.

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