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SentinelOne, Palo Alto, Fortinet, Zscaler Shares Are Moving Higher: What's Going On?
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SentinelOne, Palo Alto, Fortinet, Zscaler Shares Are Moving Higher: What's Going On?
Mar 5, 2024 2:32 PM

Several cybersecurity stocks are trading higher in Tuesday's after-hours session in sympathy with CrowdStrike Holdings Inc ( CRWD ) , which surged after the company reported better-than-expected results and issued upbeat guidance.

Some of the biggest movers include SentinelOne Inc ( S ) Palo Alto Networks Inc ( PANW ) Fortinet Inc ( FTNT ) and Zscaler Inc ( ZS ) .

What Happened With CRWD: CrowdStrike's ( CRWD ) fourth-quarter revenue increased 33% year-over-year to $845.34 million, which beat the consensus estimate of $839.04 million, according to Benzinga Pro. The cybersecurity company reported quarterly earnings of 95 cents per share, which beat analyst estimates of 82 cents per share.

CrowdStrike ( CRWD ) has exceeded analyst estimates on both the top and bottom line in every quarter since the company went public in 2019, per Benzinga Pro.

Annual recurring revenue increased 34% year-over-year to $3.44 billion after the company added $281.9 million of net new ARR in the fourth quarter … read the full story here.

Check This Out: Short Seller Spruce Point Takes Aim At Zillow, Sees 40%-60% Downside In Stock

S, PANW, FTNT, ZS Price Action: SentinelOne ( S ) shares were up 6.86% at $27.75, Palo Alto shares were up 4.57% at $304.44, Fortinet ( FTNT ) shares were up 3.62% at $71.51, and Zscaler ( ZS ) shares were up 3.39% at $213.35, according to Benzinga Pro.

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