Zscaler Inc (ZS) stock tumbled Wednesday after the cybersecurity company reported strong fourth-quarter financial results, but analysts lowered their price targets, citing concerns about growth prospects.
Results for: Cybersecurity
Zscaler, a leading cybersecurity company, is set to release its fourth-quarter earnings on Tuesday, September 3rd. Analysts anticipate strong growth in both earnings and revenue, driven by the company’s strategic partnership with NVIDIA and its focus on AI-driven security solutions. Benzinga analyzes recent analyst ratings on Zscaler, offering insights into their price targets and accuracy rates.
Halliburton Company’s stock fell in pre-market trading after the company revealed a cyberattack that disrupted critical business applications. While the company claims the attack won’t significantly impact its finances, it faces potential risks including management distractions, lawsuits, and increased regulatory scrutiny.
CrowdStrike Holdings, Inc. (CRWD) shares rose on Friday after the company announced that a senior associate will testify before Congress regarding the global IT outage in July. The hearing will focus on the measures CrowdStrike has implemented to prevent a similar incident from occurring again.
Prime Minister Narendra Modi addressed the Global Fintech Fest 2024 in Mumbai, urging regulators to combat cyber fraud and enhance digital literacy. He highlighted India’s progress in leveraging fintech for social impact, particularly in empowering women and promoting financial inclusion. Modi also acknowledged the need for a global framework for ethical AI development and lauded India’s fintech innovation.
CrowdStrike Holdings (CRWD) exceeded earnings expectations for the second quarter of fiscal 2025, driven by strong revenue growth and improved cost management. However, the company lowered its guidance for the full year due to factors like an extended sales cycle and a recent global IT outage incident. This has led to a significant drop in the company’s share price.
Cybersecurity firm CrowdStrike has lowered its annual revenue and profit projections following a major global outage in July. The outage, caused by a faulty software update, impacted millions of devices and disrupted services worldwide. Despite the setback, CrowdStrike remains confident in its long-term growth prospects, with analysts predicting a return to growth by the second half of next year.
CrowdStrike Holdings Inc. (CRWD) exceeded expectations in its second-quarter earnings report, with revenue growing 32% year-over-year to $963.9 million. The cybersecurity company also reported adjusted earnings per share of $1.04, surpassing analyst forecasts. Despite a major IT outage in July, CrowdStrike remains optimistic about its future, with its CEO highlighting the company’s resilience and commitment to customer satisfaction.
SentinelOne, Inc. (S) stock is on the rise following the company’s strong second-quarter earnings report. The cybersecurity company beat revenue expectations and saw a significant increase in annualized recurring revenue (ARR). Analyst reactions to the report have been positive, with several raising their price targets.
A Chinese cyber espionage group, known as Volt Typhoon, has been linked to attacks on U.S. and Indian internet firms. The group has exploited a zero-day vulnerability in Versa Director, a software widely used by internet and IT service providers. This attack could potentially disrupt communication between the U.S. and Asia.