Truist Securities Downgrades Tenable Holdings to Hold, Raises Price Target to $40

Shares of cybersecurity-related companies are trading higher amid sympathy with Crowdstrike and Okta after those companies reported better-than-expected financial results and raised their respective guidance metrics above estimates.

CRWD and OKTA

Synopsys Posts Upbeat Q3 Results, Joins Okta, Veeva Systems, Crowdstrike And Other Big Stocks Moving Higher On Thursday

U.S. stocks mostly higher, Nasdaq up 1%. Synopsys Inc. reports strong Q3 results and raises outlook. Other gainers include Okta, Veeva, Salesforce, Ooma, Crowdstrike, Sailpoint, Hyperliquid, Tenable, Palo Alto Networks, and Zscaler.

Tenable Holdings Will Replace Leggett & Platt In The S&P SmallCap 600 Effective Prior To The Opening Of Trading On Monday, August 31

https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20260826-1484795/1484795_leg6.pdf

Shares of software companies are trading higher, possibly amid broader market strength as promising economic data and easing oil prices reduce rate-hike concerns. Reports suggesting Silver Lake is in talks to acquire Workday may be lifting related peers.