Microsoft (MSFT) continues to pressure cybersecurity stocks with new products aimed at companies such as Zscaler (ZS), Palo Alto Networks (PANW), Cloudflare (NET), CrowdStrike Holdings (CRWD) and others. MSFT stock continues to shine, with a 38% jump this year, amid an artificial intelligence-driven rally in the technology sector.
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Shares in cybersecurity firm Zscaler fell 3.1% to 142.84 on the stock market today. ZS stock also took a hit on Tuesday from the Microsoft security announcement, falling 4.5%. MSFT stock rose 2.3% to 340 on Wednesday.
Microsoft’s entry into the computer security Secure Service Edge market, known as SSE, also is expected to impact other cybersecurity stocks, such as Palo Alto Networks, Cloudflare and startup Netskope, analysts say.
Microsoft Expands Cybersecurity Offerings
“While the offering will be competitive to the SSE vendors, we view…
