Zscaler Leads Security Re-Rating as SentinelOne and Fortinet Rise
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.