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Palo Alto, CrowdStrike wrap best quarter ever as AI threats bolster cyber demand
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- It's been a good quarter for technology stocks, and cybersecurity leaders Palo Alto Networks and Crowd Strike have both joined the historic rally.
- Crowd Strike and Palo Alto rallied 95% and 113%, respectively, between April and June for their best quarter on record, as new artificial intelligence tools have spiked demand for more sophisticated cyber defense.
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It's been a good quarter for technology stocks, and cybersecurity leaders Palo Alto Networks and Crowd Strike have both joined the historic rally.
Crowd Strike and Palo Alto rallied 95% and 113%, respectively, between April and June for their best quarter on record, as new artificial intelligence tools have spiked demand for more sophisticated cyber defense. Those tailwinds allowed the sector to shake off early concerns that it would falter with the death of software as a service and emerge as a key stack in the age of AI.
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