CrowdStrike shares jumped as much as 10% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm Comerica .
Security ETFs gained on Monday, with the First Trust Nasdaq Cybersecurity ETF climbing 1.3%, and Amplify Cybersecurity ETF — ticker symbol "HACK" — rising 1.2%.
CrowdStrike has been profitable in the five most recent quarters, meeting the requirement for inclusion in the S&P 500.
With a market cap of over $90 billion, CrowdStrike has more than double the valuation of the median S&P 500 company.
WATCH: CrowdStrike CEO George Kurtz goes one-on-one with Jim Cramer
Persons:
Dow, CrowdStrike, Robert Half, indexers, George Kurtz, Jim Cramer
Organizations:
Comerica, Dow Jones Indices, KKR, First Trust Nasdaq
Locations:
CrowdStrike