Why CrowdStrike, Zscaler, and Fortinet Stocks Keep Going Up
One day after cybersecurity stocks CrowdStrike Holdings (NASDAQ: CRWD), Fortinet (NASDAQ: FTNT), and Zscaler (NASDAQ: ZS) gained anywhere from 2% to 5% on reports that a new national cybersecurity strategy will require companies to pay more attention to cybersecurity, shares of all three stocks are on the march again today. As of 10:10 a.m. ET Wednesday, CrowdStrike is tacking on another 1.7%, Fortinet is rising 2.5%, and Zscaler is doing best of all -- up 4.1%.
And you can thank Bank of Nova Scotia, or Scotiabank, for this.
Toronto-based Scotiabank initiated coverage of CrowdStrike, Fortinet, and Zscaler at outperform (i.e., buy) ratings this morning. For good measure, the bank even described Zscaler as a "core growth holding," reports ratings watcher The Fly -- but really, the analyst likes all three of these stocks quite a lot.
Source Fool.com
