What Happened?Shares across the enterprise software, cybersecurity, and cloud infrastructure sectors caught a massive bid in Tuesday's premarket session. The rally was ignited by a blockbuster earnings report from data analytics giant Palantir (NYSE: PLTR), whose stock skyrocketed over 26%, acting…
What Happened? A number of stocks jumped in the afternoon session after a drop in Treasury yields and growing concerns over the artificial intelligence investment cycle improved the market's appetite for enterprise software.Global chipmakers suffered a sharp selloff tied to anxieties over lofty val…
What Happened? Shares of creative software giant Adobe NASDAQ:ADBE fell 3.5% in the afternoon session after Morgan Stanley downgraded the stock's rating to "underweight" from "equal-weight" and slashed its price target to $240 from $365. The investment bank cited concerns over three simultaneous ch…
Cybersecurity stocks rallied sharply on Tuesday after a surprise warning from International Business Machines Corp. (IBM) suggested that enterprise spending priorities are shifting away from traditional IT infrastructure and toward cybersecurity.CrowdStrike Holdings Inc. (CRWD) led the climb, surgi…
A sudden profit warning from International Business Machines Corp. (IBM) and subsequent commentary from CEO Arvind Krishna highlighting rising cybersecurity priorities among customers triggered a massive rally in major cybersecurity firms.IBM shares suffered their worst trading session of the year…
What Happened? A number of stocks jumped in the afternoon session after Guggenheim's John DiFucci upgraded both Salesforce and ServiceNow to Buy, arguing the AI-disruption fear that gutted the sector during the year had pushed valuations too low. This was a valuation call from a skeptic, not an AI…
What Happened? Shares of cloud security platform Zscaler NASDAQ:ZS jumped 4.1% in the afternoon session after the United States and Iran agreed to halt their tit-for-tat military exchanges, easing fears of a wider Middle East conflict that had rattled markets over the weekend. The relief lifted the…
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the cybersecurity stocks, including Okta NASDAQ:OKTA and its peers.Cybersecurity continues to be one of the fastest-growing segments within software for good reason. Almost every company is slowly finding itself becoming a techno…
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at Zscaler NASDAQ:ZS and its peers.Cybersecurity continues to be one of the fastest-growing segments within software for good reason. Almost every company is slowly finding i…
The S&P 500 Index AMEX:SPY on Friday closed down -0.05%, the Dow Jones Industrial Average AMEX:DIA closed down -0.09%, and the Nasdaq 100 Index NASDAQ:QQQ closed down -1.09%. September E-mini S&P futures (ESU26) fell -0.12%, and September E-mini Nasdaq futures (NQU26) fell -1.19%.Stock indexes sett…
