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AI & Enterprise

Zscaler shares jump after fourth-quarter results and guidance top estimates on AI security demand

Zscaler shares surged after the company posted quarterly results and guidance that exceeded expectations. Zscaler topped Wall Street estimates for fiscal fourth-quarter revenue and annual recurring revenue, and also beat forecasts for next-quarter and full-year outlook. Fourth-quarter revenue rose 25 percent from a year earlier, while the net loss narrowed. The company forecast higher first-quarter revenue and adjusted earnings per share than the market expected.

AI & Enterprise

CrowdStrike launches Falcon IQ with 50 AI agents to automate security assessments and actions

CrowdStrike has launched Falcon IQ, software that uses more than 50 artificial intelligence agents to automate security vulnerability assessments and remediation tasks. The company is also expanding its Falcon platform to the Snowflake Marketplace and making it available on Google Cloud, starting in U.S. regions, with plans to broaden support to meet data localisation rules. CrowdStrike also expanded data integrations for its next-generation SIEM.

AI & Enterprise

Security stocks jump on AI attack fears; CrowdStrike, Palo Alto hit record highs

Shares of CrowdStrike and Palo Alto Networks rose more than 5 percent on Aug. 10, both hitting record highs. Buying spread across the sector as demand for AI security tools grew, CNBC reported. BTIG said AI agents are reshaping the threat landscape and the attack environment has worsened, while adoption of AI security tools remains early. BTIG raised price targets for Palo Alto, CrowdStrike and Rubrik.