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Zscaler, Splunk stocks eye new records after earnings beats, analyst price hikes

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Shares of Zscaler Inc. ZS, -2.05% and Splunk Inc. SPLK, -1.

86% were both looking at substantial gains and new records in Friday trading after both cybersecurity companies topped Wall Street estimates in earnings reports late Thursday and analysts raised price targets. Shares of Zscaler were up nearly 15% in premarket activity on track for a record high, after closing down 2.1% Thursday at $49.68, as the company's results and outlook were better than analysts expected. Shares closed at a record $50.72 on Wednesday.

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