Some of the cybersecurity sector’s biggest winners this year can keep powering higher, according to a Jefferies analyst who shook up his ratings on a handful of key stocks Thursday.
While Gallo previously worried that CrowdStrike Holdings Inc. CRWD, -1.74% could face revenue headwinds this year, he now has a more upbeat view of the company’s prospects. He also adopted a rosier view of shares of Zscaler Inc. ZS, -0.78%, writing that the company is “best placed for the distributed and cloud-based world.”
Both CrowdStrike and Zscaler shares have outperformed those of Fortinet Inc. FTNT, +0.17% so far this year, and Gallo expects that trend to continue. He lowered his rating on Fortinet’s stock to a hold from a buy and cut his price target to $65 from $85, saying that he expects “at least” several quarters of headwinds for the company, including weak spending from small and medium-sized businesses along with “hardware digestion,” the industry term for oversupply that hampers sales.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Stock Market Today: Tesla Stock Sinks, Netflix Surges and Earnings Deluge ContinuesGovernment bonds sell off again; Netflix stock surges premarket
Baca lebih lajut »
Stock market today: Asian shares follow Wall Street lower, and Japan reports September exports roseShares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks. Worries about war in the Middle East also have been dragging on markets. Benchmarks in Hong Kong, Tokyo and Seoul fell about 2%.
Baca lebih lajut »
Stock Market Has Stress Fractures but No Clear BreaksStocks Analysis by Michele Schneider covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Michele Schneider's latest article on Investing.com
Baca lebih lajut »