Geller Adam sold $2.0M of ZS

Palo Alto Networks (PANW), CrowdStrike (CRWD), Okta (OKTA), Cloudflare (NET), and Zscaler (ZS) rose 4%-6.7% after an Evercore ISI survey indicated stronger cybersecurity budgets. Analysts project PANW's revenue to grow 23% by FY2027, but EPS to rise only 9%. PANW traded at 85x forward earnings before the rally.

Zscaler (ZS) shares rose 3% after Freedom Broker raised its price target to $270. Analysts expect revenue to grow from $3.35B in 2026 to $5.33B by 2029. The increase follows AI-discovered flaws in PHP, boosting cybersecurity stocks. DA Davidson maintained a Neutral rating with a $215 target.

Zscaler (ZS) shares rose 7.8% on October 21, 2026, after DA Davidson initiated coverage with a Neutral rating and $215 price target. The stock trades at 11.2x sales, reflecting its 25.4% revenue growth to $3.35B in fiscal 2026, despite a net loss. Operating loss narrowed to 0.4% of revenue in Q4, with $779M in free cash flow. Management expects slower growth of 16.6%-17.5% in fiscal 2027.

Zscaler (ZS) rose 7.4% after announcing support for NVIDIA's OpenShell reference architecture for AI security. The company also reaffirmed its Q1 and fiscal 2027 guidance during an investor day, emphasizing AI and zero-trust security growth. Analysts have set various price targets, with a median of $195.0.

CrowdStrike's shares rose 3.6% after expanding its AI agent security collaboration with NVIDIA, among other partners. NVIDIA named 11 cybersecurity partners for its OpenShell Reference Architecture. Analysts project CrowdStrike's revenue to nearly double to $9.02 billion by January 2029. CrowdStrike trades at 161x forward earnings, above its 5-year average of 115x.

D.A. Davidson initiated coverage on Zscaler with a Neutral rating and $125 price target, citing competition and commoditization as growth headwinds. The analyst sees potential in other segments but finds shares fully valued at current levels. Zscaler's stock saw slight premarket gains.