What's Going On With CrowdStrike, Zscaler And Fortinet Shares Today?

Several cybersecurity names including CrowdStrike Holdings Inc CRWD, Zscaler Inc ZS and Fortinet Inc FTNT are trading higher Monday alongside Palo Alto Networks Inc PANW, which issued strong earnings guidance after the close on Friday. Several analysts came out with positive updates following the print. 

• PANW Q4 Revenue: $1.95 billion missed estimates of $1.96 billion.
• PANW Q4 EPS: $1.44 beat estimates of $1.28

Palo Alto said it sees fiscal first-quarter earnings of $1.15 to $1.17 per share versus estimates of $1.11. The company anticipates full-year year earnings of $5.27 to $5.40 per share versus estimates of $4.98 per share.

Palo Alto expects first-quarter revenue to be between $1.82 billion and $1.85 billion versus estimates of $1.93 billion. The company sees full-year revenue of $8.15 billion to $8.2 billion versus estimates of $8.38 billion.

Following the print, several analysts set new price targets ranging from $250 to $304 per share. Palo Alto shares were up nearly 13% at last check.

CrowdStrike is due to report quarterly results after the close on Aug. 30. Zscaler will report after the close on Sept. 5. Fortinet reported earnings at the beginning of the month. 

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CRWD, ZS, FTNT Price Action: At publication time, CrowdStrike shares were up 3.47%, Zscaler shares were up 4.61% and Fortinet stock was up 1.82%.

Photo: Kris from Pixabay.