[UPDATE] Cybersecurity stocks rally; ZS up ~6%, PANW and CRWD ~4%, CIBR ~3% vs S&P 500 ~0.5%
In the Oct 9 session, 24/7 Wall St reported Zscaler up about 6%, Palo Alto Networks and CrowdStrike up about 4%, and the CIBR cybersecurity ETF up about 3%, against roughly 0.5% for the S&P 500 ETF. The article ties the rally to Zscaler's reaffirmed full-year revenue guidance and its collaboration with IBM and Red Hat on protecting applications before patches are deployed. It also notes the bear view that repeating a forecast adds no new growth. Point to watch: whether the sector holds the move into the coming earnings reports.