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Zscaler Leads Security Re-Rating as SentinelOne and Fortinet Rise

Zscaler logoZscaler
Sig1.25Sen+2.05Env0.00Soc0.00Gov0.00
SentinelOne logoSentinelOne
Sig1.88Sen+2.64Env0.00Soc0.00Gov0.00

A cybersecurity re-rating is lifting the sector, with money flowing into names the market had discounted. SentinelOne rose 10% and Fortinet gained 8% as read-across from CrowdStrike and Okta’s after-close results reset expectations for security software spending. Zscaler, the lone laggard in the group for the year, led the move on Thursday.

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