What's Going On With CrowdStrike, Zscaler And Fortinet Shares Today?
Portfolio Pulse from Adam Eckert
Cybersecurity companies CrowdStrike Holdings Inc (NASDAQ:CRWD), Zscaler Inc (NASDAQ:ZS), and Fortinet Inc (NASDAQ:FTNT) are trading higher alongside Palo Alto Networks Inc (NASDAQ:PANW), which issued strong earnings guidance after the close on Friday. Palo Alto's Q4 revenue missed estimates, but EPS beat estimates. The company also provided strong guidance for the fiscal first quarter and full year. Several analysts set new price targets for Palo Alto, pushing its shares up nearly 13%. CrowdStrike, Zscaler, and Fortinet also saw their shares rise.
August 21, 2023 | 1:08 pm
News sentiment analysis
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POSITIVE IMPACT
CrowdStrike shares were up 3.47% following Palo Alto's strong earnings guidance.
CrowdStrike's stock price increased following Palo Alto's strong earnings guidance, indicating a positive sentiment in the cybersecurity sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Fortinet shares were up 1.82% following Palo Alto's strong earnings guidance.
Fortinet's stock price increased following Palo Alto's strong earnings guidance, indicating a positive sentiment in the cybersecurity sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Palo Alto shares were up nearly 13% after issuing strong earnings guidance and receiving new price targets from analysts.
Palo Alto's stock price increased significantly after the company issued strong earnings guidance and received new price targets from analysts, indicating a positive sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Zscaler shares were up 4.61% following Palo Alto's strong earnings guidance.
Zscaler's stock price increased following Palo Alto's strong earnings guidance, indicating a positive sentiment in the cybersecurity sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 75