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Zscaler jumps 6% on strong revenue outlook and new IBM security partnership, lifting cybersecurity stocks.

Market News
09 Oct 2026
24/7 Wall Street
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Bullish
Zscaler jumps 6% on strong revenue outlook and new IBM security partnership, lifting cybersecurity stocks.

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 cybersecurity sector, with Palo Alto Networks and CrowdStrike also gaining 4%, and the cybersecurity ETF up 3%, outperforming the broader market. The reaffirmed outlook signals steady enterprise security spending, while the IBM partnership addresses a critical security gap, suggesting durable demand for zero-trust solutions. Investors should watch for customer wins from the collaboration and be cautious of potential volatility after the recent rally.

Zscaler's market cap stands at $35.35 billion with a trading volume of 3,726,203 shares on Pluang as of Oct 10, 2026 01:11 WIB, reflecting active investor interest alongside a 6.05% price increase. Palo Alto Networks shows a much larger market cap of $331.76 billion and a volume of 3,886,927 shares, with strong buying activity (97% Buy orders) and a 4.72% gain. CrowdStrike also sees significant volume at 9,381,560 shares and a market cap of $269.31 billion, with 84% of orders on Pluang being buys and a 3.53% price rise. These figures highlight robust demand for cybersecurity stocks amid sector optimism.

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