Fortinet Inc

CrowdStrike Holdings reported fourth-quarter results that exceeded profit expectations and raised its annual recurring revenue target. The cybersecurity firm also issued forward-looking revenue guidance for fiscal 2027 and disclosed new share repurchases.

Palo Alto Networks stock closed at $166.95 Friday, up 2.5%, with options pricing an 8.3% swing around Tuesday's earnings report. The cybersecurity firm recently completed its CyberArk acquisition.

CrowdStrike shares climbed 4.4% Friday following an upgrade to buy by HSBC, which set a $446 price target. Trading volume exceeded the 50-day average.

Palo Alto Networks shares edged higher as Nasdaq set a timeline for the closure of its $25 billion acquisition of CyberArk, with investors looking to upcoming earnings for integration signals.

Palo Alto Networks shares advanced 4.2% as its $25 billion acquisition of CyberArk nears completion, with the deal tentatively set to close before the market opens on February 11. Investors are also looking ahead to the company's fiscal second-quarter earnings report on February 17.

CrowdStrike shares advanced 2.3% to $404.67, tracking a recovery in software stocks. Investors are focused on upcoming U.S. economic data and the company's March 3 earnings report.

Cisco Systems shares closed near multi-year highs ahead of its fiscal Q2 report, with investors focused on AI infrastructure demand and enterprise spending trends.

CrowdStrike Holdings surged 4.9% to $395.50 on Friday, ending a seven-session losing streak as cybersecurity stocks rebounded with the broader market.