Tuesday’s First Moves: ZS Updates Guidance, NOW PT Hikes, NKE Downgrade

Street. Andve seen many of them throughout this year. In the meantime, let's talk about some of the big movers here and names to watch. Diane King Hall ning me for first moves and looking first at Z. Good morning. Diane. Good morning. Good to see you Nicole. Yeah it's nice to see all these records happening on Wall Street. Zscaler is another stock that is off to the races this morning gaining some ground reaffirms its outlook. It's at th onset of its investor day today.o the view clearly from Wall Street is you know more than a sigh of relief. The fact that they're holding on to their first quarter and full fiscal 2027 outlook. Management sticking with the outlook, full year revenue expecting between 3.91 to 3.94 billion full year adjusted earnings, they're expecting 4.86 to $4.90 per share in terms of first q revenue, expectingen 900 and 30 5 to 939 million. First quarter adjusted earnings prng between about 15 to about 16 per share. So in other words, their forecasts aligned with what they've said previously and also aligned with what Wall Street had been anticipating. Keep in mind, yest they announced a to protect companies privateat applns. When a security ness comw that, you know, cybersecurity name really been at the forefront recently withhe concerns about AIhe proliferation of agents and potential exploitation issuesthe watched these cybersecurity companies like CrowdStrike, cat, among thot have been sitting at a record high today. But back to Zscaler, its secu working. We use this every day when we have to log in. You have to, you know, kind of do that authentication. So it makes that internal business software more sec harder for hackers to access here. And you know, so this is another one that has gained ground recently over the past month an change. Yeah. These names have done very well. Zscaler right now is up 5.5%. And here on market on close on Schwab Network wille CFO Kevin Rudin with us here on the network. So watch mar on close later today. You can take a look at what he's saying. He'll be live from the Nasdaq. Next up we're looking at ServiceNow with some price hikes. It is. But there are there's different lev conviction around this one. Still, investors are warmly receiving the increase price target here. Shares of ServiceNow up more than 2%. Stifel raising its price target to 160 from 120. It's keeping a buy rating. It's a significant increase their target from. And it would be obviously a jump from where we sit right now for ServiceNow. As we sit at around 139 touch above 139, UBS is raising itsarget up to 150 from 110. But it's neutral on this. Both firms clearly see room for upside from here. But for UBS it's note they talked about demand trends appearing to stable to modestly improving. But doesn't mean for them that it's enough conviction to change to a buy rating here for Stifel. What's driving their optimism over there. They talked about tho channel checks that we often reference when the the sell side analysts are looking at companies and weighing what to said, listen, it appears that ServiceNow is doing well with its customers. The corporate spending impro modestly from the prior quarter. Here, the encouraging signs. They see larger deals, existing customers expanding when they renew. So not just renewing, but increasing the amount they're renewing by, and then more adoption of advanced products. So clearly, customers are willing to commit more money to service. Now, e with some concerns around its AI offerings, we know ServiceNow had been on of those companies that had been hit during this past apocalypse. And there view that ServiceNow, especially obviously from the CEO, didn't deto be caught up in that. But today's catching a bid. Okay, last but not least, watching Nike Dow components had such tough time. It's down 53% in one year, but also at 13 or 14 year lows this past week or Now more news. Yeah. Tough times continue for Nike. It continues to decelerate the stock down more than 1% right now off some fresh analyst activi This is a sell rating. A bearish view on Nike.Berenberk to a sell from a hold. They've cut their price target down to 2750 from 49. So that's a big reduction. And whe their price target was they're concerned the recovery could take longer. We are increasingly hearing that from analysts after analysts. It has beeng longer. The competitivedscape has been challenging their struggles in casual footwear. China is still wend especially when you think about the compe landscape, it's been a challenge, no matter thempany ir we're talking aboue, whether we're talking about on whether we're talking about the parent company of Hoka, all those stocks have struggled. And Lululemon tooause it's in the athleisure category. So you have both the dynamics affecting the overall group. And then Nike individua has its own challenges. It's not capturing enough market share from others.s turnaround is just taking much longer than expected. And China is reallyakk you Diane