ZS

Moving with its cybersecurity peers

• ZS −1.92% on the last session vs SPY +0.08%: −2.0 pts of stock-specific move.
• Cybersecurity basket -2.0% (-2.1 pts vs SPY; NET -4.1%, CRWD -2.5%, FTNT -2.0%, OKTA -1.7%): the stock moved with its peers.
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.