Shares of cybersecurity stocks are trading higher in sympathy with Datadog, which reported better-than-expected Q3 results and issued strong guidance.
Portfolio Pulse from Benzinga Newsdesk
Cybersecurity stocks are trading higher following Datadog's better-than-expected Q3 results and strong guidance. Stocks mentioned include CRWD, NET, PANW, S, SNOW, ZS.
November 07, 2023 | 2:58 pm
News sentiment analysis
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POSITIVE IMPACT
CrowdStrike's stock is trading higher in sympathy with Datadog's strong Q3 results.
As a cybersecurity stock, CrowdStrike's performance is often influenced by the performance of other companies in the sector. Datadog's strong Q3 results have created a positive sentiment in the sector, leading to a rise in CrowdStrike's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Cloudflare's stock is trading higher in sympathy with Datadog's strong Q3 results.
As a cybersecurity stock, Cloudflare's performance is often influenced by the performance of other companies in the sector. Datadog's strong Q3 results have created a positive sentiment in the sector, leading to a rise in Cloudflare's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Palo Alto Networks' stock is trading higher in sympathy with Datadog's strong Q3 results.
As a cybersecurity stock, Palo Alto Networks' performance is often influenced by the performance of other companies in the sector. Datadog's strong Q3 results have created a positive sentiment in the sector, leading to a rise in Palo Alto Networks' stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Sprint's stock is trading higher in sympathy with Datadog's strong Q3 results.
As a telecommunications company, Sprint's performance can be influenced by the performance of tech companies. Datadog's strong Q3 results have created a positive sentiment in the tech sector, leading to a rise in Sprint's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Snowflake's stock is trading higher in sympathy with Datadog's strong Q3 results.
As a tech company, Snowflake's performance can be influenced by the performance of other tech companies. Datadog's strong Q3 results have created a positive sentiment in the tech sector, leading to a rise in Snowflake's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Zscaler's stock is trading higher in sympathy with Datadog's strong Q3 results.
As a cybersecurity stock, Zscaler's performance is often influenced by the performance of other companies in the sector. Datadog's strong Q3 results have created a positive sentiment in the sector, leading to a rise in Zscaler's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50