Software stocks, represented by the IGV ETF, have rebounded strongly from April lows despite market volatility. This week, earnings reports from CrowdStrike (CRWD) and Salesforce (CRM) are crucial; CRWD needs strong beats and guidance to offset risks from high valuation and executive departures, while CRM must counter concerns about AI's impact on SaaS. Positive earnings surprises could boost the cybersecurity sector and the broader software ETF. The analyst maintains a 15% software allocation, sees potential buying opportunities on pullbacks, and remains cautious but optimistic about the sector's growth prospects.
BTIG and Needham analysts maintain Buy ratings on CrowdStrike, with Needham raising its price target to $310 from $250. The growth potential is driven by CrowdStrike's innovative Falcon Flex platform and Next-Gen SIEM enhanced by AI, expected to boos...
Cybersecurity stocks CrowdStrike, Fortinet, and Palo Alto Networks have surged between 118% and 142% in 2026, far outpacing sector and market benchmarks. CrowdStrike reported a record quarter with strong AI-driven demand and raised growth guidance, h...
Cybersecurity sales pipelines reached their highest level in 11 quarters, with no resellers reporting declines in Q3, according to a Jefferies survey of 25 value-added resellers. Pipeline growth averaged 5.6%, up from 3.9% in Q2, and the expected mar...
Zscaler's shares rose 6% after reaffirming its full-year revenue forecast of $3.91-$3.94 billion and announcing a collaboration with IBM and Red Hat to protect private applications during vulnerability windows. This news boosted the entire cybersecur...
