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CrowdStrike Surges 5%, Palo Alto and Okta Gain 4% as Cybersecurity Stocks Rally on Analyst Upgrades
24/7 Wall St.30d agobullish
CrowdStrike Surges 5%, Palo Alto and Okta Gain 4% as Cybersecurity Stocks Rally on Analyst Upgrades

Shares of major cybersecurity names are rallying in Monday’s midday session. CrowdStrike Holdings (NASDAQ:CRWD) stock is up 5% to $204 and change, leading the group higher. Palo Alto Networks (NASDAQ:PANW) shares are climbing 4% to $363, and Okta (NASDAQ:OKTA) stock is up 4% to $147. The Amplify Cybersecurity ETF (NYSE ARCA:HACK) is also higher, with ... CrowdStrike Surges 5%, Palo Alto and Okta Gain 4% as Cybersecurity Stocks Rally on Analyst Upgrades

Databricks strikes deal to buy Panther Labs in cybersecurity push
Reuters50d agobullish
Databricks strikes deal to buy Panther Labs in cybersecurity push

Databricks on Tuesday said it agreed to buy the ‌startup Panther Labs, as the U.S. ‌data analytics provider pushes deeper into the cybersecurity business. The acquisition, ​Databricks' third in this area, furthers its aim to compete with security management incumbents like CrowdStrike and Cisco's Splunk. Databricks declined to comment on ‌the deal terms.

CrowdStrike Stock Falls Despite Earnings Beat
Barrons.com62d agobullish
CrowdStrike Stock Falls Despite Earnings Beat

CrowdStrike Holdings stock was falling late Wednesday despite better-than-expected first-quarter results from the cybersecurity company. CrowdStrike reported adjusted earnings of $1.10 a share on revenue of $1.39 billion. “In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment,” CEO George Kurtz said in the earnings release.

Software Rallies 40% From April Lows as CrowdStrike Earnings Loom
24/7 Wall St.63d agobullish
Software Rallies 40% From April Lows as CrowdStrike Earnings Loom

Just two months ago, software stocks were one of the market’s biggest disappointments. Today, they are among its strongest performers. Speaking on CNBC’s Options Action, options reporter Oliver Renick highlighted the dramatic reversal underway across the software sector, noting that the group has gone from a steep early-year selloff to positive returns for 2026. “Software is officially ... Software Rallies 40% From April Lows as CrowdStrike Earnings Loom