CrowdStrike (CRWD)

CrowdStrike's price has climbed roughly a quarter in the last month alone.

What is going on right now?

The stock sits just above where it has traded over the past few weeks, after a sharp run-up. A recently discovered flaw in a widely used web technology could increase demand for cybersecurity services across the industry.

How is the business itself doing?

CrowdStrike sells cloud-based security software on a subscription basis, protecting computers, identities, and data. Sales grew about 26% last year and the company generated around $2 billion in cash, though it still barely turns a profit on paper.

What stands out?

The company carries very little debt, just 16 cents for every dollar of its own value, and nearly all its growth has been funded from the cash the business itself produces.

What comes next?

CrowdStrike's next earnings report is scheduled for December 1, the first to show whether that sales growth pace is holding.