Following today's gains, the stock is now valued at roughly 109 times this year's expected earnings and has a market capitalization of roughly $101 billion. While the current valuation may look rich given the pace of recent earnings growth, the company will likely see operating expenses rise slower and return to stronger profit expansion next year.

While CrowdStrike’s market performance today is catching attention, it’s the company’s remarkable achievements in cybersecurity that are fueling the interest. Recently, CrowdStrike announced its Falcon® platform achieved an impressive 100% detection,