Zscaler Jumps 6% on Reaffirmed Revenue Outlook and IBM Security Pact; Palo Alto and CrowdStrike Gain 4%

Zscaler Jumps 6% on Reaffirmed Revenue Outlook and IBM Security Pact; Palo Alto and CrowdStrike Gain 4%

By David Moadel
Publication Date: 2026-10-09 18:02:00

Zscaler just dropped two pieces of news that sent the entire cybersecurity sector surging well past the broader market, and the debate over whether the rally holds any staying power is only getting louder.

A reaffirmed revenue outlook and a fresh security partnership have pushed cybersecurity to the front of the market, and the group’s leader is setting the pace. Zscaler (NASDAQ:ZS | ZS Price Prediction) shares are up 6% to $230.74, heading a rally that’s lifting the sector’s largest platform vendors along with it.

Meanwhile, Palo Alto Networks (NASDAQ:PANW) stock is up 4% to $415.78, trailing the gain in Zscaler stock while still posting a strong advance for a company of its scale. Also, CrowdStrike Holdings (NASDAQ:CRWD) shares are up 4% to $272.77, another solid climb that sits behind the leader’s.

Broader fund readings confirm that the strength runs well beyond three tickers. The First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) is up 3%, a gain spread across the…