GMBStaff

 3 Sep 23

tl;dr

<p>Zscaler (NASDAQ:ZS) shares jumped over 6% as cybersecurity stocks surged following CrowdStrike Holdings' (NASDAQ:CRWD) strong second-quarter results. Analysts commended CrowdStrike's leadership in endpoint security and noted the company's improved profitability and cash flow. KeyBanc Capita...

Zscaler (NASDAQ:ZS) shares gained over 6% as cybersecurity stocks rallied following CrowdStrike Holdings' (NASDAQ:CRWD) impressive second-quarter results. Analysts praised CrowdStrike as a leader in endpoint security and highlighted the company's improved profitability and cash flow. KeyBanc Capital Markets analyst Eric Heath reiterated his overweight rating on CrowdStrike, while J.P. Morgan analyst Brian Essex cited the company's ongoing fundamental improvement. BTIG analyst Gray Powell also maintained a buy rating on CrowdStrike and raised the price target. Looking ahead, CrowdStrike expects strong performance in the third quarter, with raised revenue guidance for the full year.

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