From 24/7 Wall St. · David Moadel · · 1m 10s
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.
In brief
Cybersecurity stocks surge 4% as Evercore survey shows stronger demand for identity, cloud and AI security. Cybersecurity stocks rose 4% after Evercore's channel survey indicated stronger demand for identity, cloud and AI security solutions. Originally reported by 24/7 Wall St..
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.
What to remember
Cybersecurity stocks rose 4% after Evercore's channel survey indicated stronger demand for identity, cloud and AI security solutions.
