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Palo Alto, Cloudflare, Netskope experience rising demand ahead of Q3 earnings: BTIG
Seeking Alpha ·
Seeking Alpha reports: BTIG has observed rising cybersecurity demand ahead of third-quarter earnings, prompting price target increases for Cloudflare and Netskope . Netskope shares surged 8% by noon trading on Tuesday. "On a combined basis, the partners in our fieldwork have a view on $6B+ in annual cybersecurity sales," said BTIG analysts Gray Powell and Trevor Rambo in a Tuesday investor report. "All in, the checks point to a meaningfully improving cybersecurity demand environment, with…