Observed Signal · Sep 17, 2026 · Other · Source: CNBC Investing · Impact: 1/5 · Sentiment: Positive
Financials Market: Cybersecurity stock Zscaler's charts turn bullish: Jay Woods
In a CNBC Pro segment, technician Jay Woods discusses Zscaler (ZS), a cybersecurity company that has underperformed its sector peers. While CrowdStrike, Fortinet, Okta, and Palo Alto Networks have gained over 100% year-to-date, Zscaler shares fell as much as 65% from 52-week highs and remain down 13% this year. However, Woods observes a bottoming formation on both daily and weekly charts, with a bullish crossover in MACD and a breakout above $195 resistance. He suggests upside targets of $250-$265, representing 25-30% potential upside, with support at $165. The analysis highlights relative rotation within the cybersecurity sector, indicating that laggards like Zscaler may see renewed strength.
Minor stock analysis focusing on a single cybersecurity stock's technical chart patterns; limited industry-wide impact for AdTech/MarTech.
Key Takeaways & Evidence Grounding
- Zscaler (ZS) shares fell as much as 65% from 52-week highs and remain down 13% year-to-date.
- CrowdStrike, Fortinet, Okta, and Palo Alto Networks have each gained over 100% year-to-date.
- Jay Woods identifies a bullish double bottom formation on Zscaler's weekly chart.
- Zscaler's price is breaking above a major resistance level of $195.
- Woods sets a support level at $165 and upside targets of $250-$265.
Connected Companies & Entities
5 Entities mappedFortinet
Enterprise cybersecurity platform spanning network, cloud and security operations.
“Fortinet (FTNT) ... have all gained over 100% year to date....”
Palo Alto Networks
Enterprise cybersecurity platform for network, cloud and security operations.
“Palo Alto Networks (PANW) ... have all gained over 100% year to date....”
Zscaler
Enterprise zero trust cloud security software and managed services.
“One of those names starting to come to the surface is Zscaler (ZS)....”
CrowdStrike
Enterprise cybersecurity SaaS platform with managed security services.
“CrowdStrike (CRWD) ... have all gained over 100% year to date....”
Okta
Cloud identity and access management software for enterprises.
“Okta (OKTA) ... have all gained over 100% year to date....”
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