Zscaler Inc is a cybersecurity company that provides a cloud-based platform designed to secure internet traffic and protect organizations from cyber threats. By leveraging its innovative Zero Trust architecture, Zscaler enables secure access to applications and data for users, regardless of their location or device. Their solutions help enterprises enhance security and minimize risks associated with data breaches, while also simplifying network infrastructure. With a focus on digital transformation, Zscaler empowers businesses to adopt cloud technologies seamlessly while maintaining robust security controls. Read More
Shares of cloud security platform Zscaler (NASDAQ:ZS)
fell 7.1% in the afternoon session after industry bellwether, Fortinet, reported underwhelming second-quarter earnings. The primary concern for investors stemmed from the revelation that the company is already 40-50% of the way through a major firewall refresh cycle, a faster pace than analysts had anticipated. This news suggests that a significant driver of recent growth may be short-lived, and underlying product revenue growth appears weaker than previously thought. The commentary from the industry leader, coupled with multiple analyst downgrades, fueled fears of a broader slowdown in the cybersecurity sector. This led to a ripple effect, dragging down shares of other cybersecurity companies as investors re-evaluate the industry's near-term growth prospects.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
A number of stocks fell in the afternoon session after the White House announced a new round of steep global tariffs, sparking concerns of a trade war and its impact on the U.S. and global economies. This move creates significant uncertainty for businesses and investors. The new tariffs, with rates of up to 41% on imports from 68 countries and the European Union, prompted a broad market sell-off, with the tech-heavy Nasdaq index showing notable weakness. Adding to the bearish sentiment was a weaker-than-expected July jobs report, which revealed that employers created only 73,000 jobs, far below economists' expectations. This combination of trade fears and signs of a slowing labor market has created a "risk-off" environment, leading investors to pull back from growth-oriented sectors like software and technology.
Combining Red Canary’s threat intelligence and automation with Zscaler’s rich data and unified SecOps platform will enable the industry’s most advanced SOC capabilities
Stocks that outperform the market usually share key traits such as rising sales, expanding margins, and increasing returns on capital.
The select few that can do all three for many years are often the ones that make you life-changing money.
Market swings can be tough to stomach, and volatile stocks often experience exaggerated moves in both directions.
While many thrive during risk-on environments, many also struggle to maintain investor confidence when the ride gets bumpy.
Large-cap stocks usually command their industries because they have the scale to drive market trends.
The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Varonis (NASDAQ:VRNS) and the rest of the cybersecurity stocks fared in Q1.
The Trump administration's decision to allocate $1 billion for cyber warfare capabilities has sparked controversy due to the simultaneous reduction in the nation's cybersecurity defense budget.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at CrowdStrike (NASDAQ:CRWD) and the best and worst performers in the cybersecurity industry.
Shares of Palo Alto, the most valued U.S. cybersecurity stock, shed 6.79% on nearly twice the average volume, and Zscaler, the fifth most valued, slumped 6.42%.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Qualys (NASDAQ:QLYS) and the rest of the cybersecurity stocks fared in Q1.
