KD - Why CrowdStrike Cloudflare and Okta Stocks All Popped Today
2023-05-08 12:53:25 ET
Shares of Zscaler (NASDAQ: ZS) , the provider of cloud-based software for cybersecurity, jumped 20.1% on Monday as of 11:11 a.m. ET after the company previewed strong third-quarter earnings earlier in the morning.
Almost immediately, the enthusiasm for Zscaler spread to other cybersecurity providers. CrowdStrike Holdings (NASDAQ: CRWD) was gaining 5.6% at that time, and Cloudflare (NYSE: NET) and Okta (NASDAQ: OKTA) were up 4.1% each.
Of these three cybersecurity stocks , only one had significant news today: Cloudflare announced it is partnering with IT infrastructure company Kyndryl (NYSE: KD) to provide services to the latter's customers.
For further details see:
Why CrowdStrike, Cloudflare, and Okta Stocks All Popped Today