# Cybersecurity Stocks Rise as Evercore Survey Flags Strengthening Demand

> Cybersecurity stocks surge 4% as Evercore survey shows stronger demand for identity, cloud and AI security.
- Title: Cybersecurity Stocks Rise as Evercore Survey Flags…
- Summary: Cybersecurity stocks surge 4% as Evercore survey shows stronger demand for identity, cloud and AI security. Cybersecurity stocks rose 4% after Evercore's…
- Keywords: okta, crowdstrike, palo alto networks, evercore, cybersecurity stocks, channel survey, identity security, cloud security, ai security, nasdaq, cibr etf, qqq trust
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/23/cybersecurity-stocks-rise-as-evercore-survey-flags-strengthening-demand-okta-crowdstrike-and-palo-alto-climb-4
- Author: David Moadel
- Published: 2026-10-23T14:53:29+00:00
- Read time: 1 min
- Topics: okta, crowdstrike, palo alto networks, evercore, cybersecurity stocks, channel survey, identity security, cloud security, ai security, nasdaq, cibr etf, qqq trust
## Cybersecurity Stocks Surge
Cybersecurity stocks outpace large-cap tech after Evercore's channel survey found strengthening budget demand.
## Okta, CrowdStrike and Palo Alto Up 4%
Okta stock rose 4% to $209.48, CrowdStrike to $247.19, and Palo Alto Networks to $367.89.
## Survey Highlights Identity and Cloud Security
Channel partners reported stronger pipeline activity for identity, cloud and AI security solutions.
## Okta Shows Strongest Pipeline Momentum
Okta had the strongest pipeline momentum among vendors in Evercore's survey with no demand cliff ahead.
## CrowdStrike Adds AI Security Partnership
CrowdStrike expanded its AI agent security partnership earlier this week, adding an AI angle to its offerings.
## First Trust Cybersecurity ETF Gains 1%
The First Trust NASDAQ Cybersecurity ETF rose 1% to $103.94, outpacing large-cap tech gains.
## Okta's Results to Confirm Trend
Okta's next quarterly results will determine if pipeline strength translates to actual growth.
## Key takeaway

Cybersecurity stocks rose 4% after Evercore's channel survey indicated stronger demand for identity, cloud and AI security solutions.