CrowdStrike shares rose as much as 10.2% to $164.41 on Thursday and was last trading at $162, up 8.59%.
Okta's shares rose 17.6% to $86.50, their highest level since May.
Other cybersecurity firms were also trading higher, buoyed by CrowdStrike and Okta.
Multiple analysts raised their price target for the shares of CrowdStrike and Okta in reaction to the news.
Austin, Texas-based CrowdStrike delivers cloud-based cybersecurity protection through its Falcon platform that is used by many large U.S. companies.
Persons:
Dado Ruvic, CrowdStrike, Okta, Chibuike Oguh, Lance Tupper, Mark Porter
Organizations:
REUTERS, CrowdStrike Holdings, Okta Inc, Wall, Zscaler Inc, Nasdaq, Palo Alto Networks, Thomson
Locations:
CrowdStrike, Austin , Texas, U.S, San Francisco, New York