ZS - Why Shares of CrowdStrike Zscaler and Cloudflare Got Tattooed Today
2023-10-03 18:22:13 ET
Shares of cybersecurity leaders CrowdStrike Holdings (NASDAQ: CRWD) , Zscaler (NASDAQ: ZS) , and Cloudflare (NYSE: NET) were pummeled today, down 4.4%, 5.9%, and 6.6%, respectively.
It was curious that these stocks sold off so much, given that a prominent Wall Street analyst delivered positive commentary about the cybersecurity group generally and these stocks specifically.
However, virtually all stocks were pummeled after a stronger-than-expected job openings report was released, which sent long-term bond yields soaring.
For further details see:
Why Shares of CrowdStrike, Zscaler, and Cloudflare Got Tattooed Today