Zscaler shares are trading higher in sympathy with CrowdStrike, which reported better-than-expected Q2 results and issued guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Zscaler shares are trading higher in sympathy with CrowdStrike, which reported better-than-expected Q2 results and issued guidance above estimates.
August 31, 2023 | 6:04 pm
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POSITIVE IMPACT
CrowdStrike reported better-than-expected Q2 results and issued guidance above estimates, which is positively impacting its stock price.
CrowdStrike's stock price is increasing due to its strong Q2 results and positive guidance, which exceeded market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Zscaler's stock price is increasing due to positive Q2 results and guidance from CrowdStrike.
Zscaler's stock price is rising as investors react positively to CrowdStrike's strong Q2 results and guidance, which is seen as a positive indicator for the cybersecurity sector as a whole.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75