Microsoft (MSFT) continues to put pressure on cybersecurity stocks with new products aimed at Zscaler (ZS), Palo Alto Networks (PANW), Cloudflare (NET), CrowdStrike Holdings (CRWD), and others. MSFT stock has kept on shining this year, with a 39% increase, amid an artificial intelligence-driven boom in the technology sector.
Zscaler shares slid 6.6% today, closing at 137.68 on the stock exchange. The Microsoft security revelation also caused ZS stock to slump 4.5% on Tuesday. Microsoft’s stock increased 1.4% to 337.20 on Wednesday. PANW stock dropped 7% to 232.64.
Analysts believe Microsoft’s foray into the computer security Secure Service Edge sector, known as SSE, will have an influence on other cybersecurity equities such as Palo Alto Networks, Cloudflare, and upstart Netskope.
Expansion in cybersecurity offerings
“While the offering will be competitive t
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