StockStory

monday.com, CrowdStrike, Asana, C3.ai, and Palo Alto Networks Shares Skyrocket, What You Need To Know A number of stocks jumped in the morning session after market concerns regarding artificial intelligence disruption subsided and enterprise investment highlighted AI as a business growth enabler across the software industry. According to CNBC, software stocks roared back in the third quarter as fears that artificial intelligence would disrupt traditional business models faded. The iShares Expanded Tech-Software Sector ETF rose 17% in the quarter, and cybersecurity stayed a bright spot, with CrowdStrike up 39% as more powerful AI reinforced the need to protect companies. CNBC has also reported that CrowdStrike and Palo Alto Networks rose 95% and 113% from April through June, their best quarter on record, as autonomous AI agents fueled demand for cybersecurity. Peer commentary reinforced that on Tuesday. Zscaler reaffirmed its fiscal 2027 annual recurring revenue target of $4.396 billion to $4.426 billion and its longer-term goal of $10 billion in ARR. Chief Executive Officer Jay Chaudhry told CNBC’s Squawk Box the company is still seeing that demand as enterprises secure AI…