Wrapping up Q1 earnings, we look at the numbers and key takeaways for the cybersecurity stocks, including Okta (NASDAQ: OKTA) and its peers.

Cybersecurity continues to be one of the fastest-growing segments within software for good reason. Almost every company is slowly finding itself becoming a technology company and facing rising cybersecurity risks. Businesses are accelerating adoption of cloud-based software, moving data and applications into the cloud to save costs while improving performance. This migration has opened them to a multitude of new threats, like employees accessing data via their smartphone while on an open network, or logging into a web-based interface from a laptop in a new location.

The 9 cybersecurity stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was in line.

Luckily, cybersecurity stocks have performed well with share prices up 16.7% on average since the latest earnings results.

Okta (NASDAQ: OKTA)

Named after the meteorological measurement for cloud cover, Okta (NASDAQ: OKTA) provides cloud-based identity management solutions that help organizations securely connect their employees, partners, and customers to the right applications and services.

Okta reported revenues of $765 million, up 11.2% year on year. This print exceeded analysts’ expectations by 1.7%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts’ billings estimates.

Interestingly, the stock is up 33.8% since reporting and currently trades at $126.75.

Is now the time to buy Okta? Access our full analysis of the earnings results here, it’s free.

Best Q1: Palo Alto Networks (NASDAQ: PANW)

Founded in 2005 by security visionary Nir Zuk who sought to reimagine firewall technology, Palo Alto Networks (NASDAQ: PANW) provides AI-powered cybersecurity platforms that protect organizations' networks, clouds, and endpoints from sophisticated threats.

Palo Alto Networks reported revenues of $3.00 billion, up 31.1% year on year, outperforming analysts’ expectations by 2%. The business had a very strong quarter with an impressive beat of analysts’ billings estimates and full-year EPS guidance exceeding analysts’ expectations.

Palo Alto Networks delivered the highest guidance raise, fastest revenue growth, and highest full-year guidance raise among its peers. The market seems content with the results as the stock is up 3.5% since reporting. It currently trades at $307.55.

Is now the time to buy Palo Alto Networks? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: SentinelOne (NYSE: S)

Built on the principle of "fighting machine with machine," SentinelOne (NYSE: S) provides an AI-powered cybersecurity platform that autonomously prevents, detects, and responds to threats across endpoints, cloud workloads, and identity systems.

SentinelOne reported revenues of $276.7 million, up 20.8% year on year, in line with analysts’ expectations. It was a slower quarter as it posted EPS guidance for next quarter missing analysts’ expectations and a significant miss of analysts’ billings estimates.

SentinelOne delivered the weakest performance against analyst estimates, weakest guidance update, and weakest full-year guidance update in the group. The company added 35 enterprise customers paying more than $100,000 annually to reach a total of 1,702. As expected, the stock is down 10.8% since the results and currently trades at $16.08.

Read our full analysis of SentinelOne’s results here.

Zscaler (NASDAQ: ZS)

Pioneering the "zero trust" approach that has fundamentally changed enterprise network security, Zscaler (NASDAQ: ZS) provides a cloud-based security platform that connects users, devices, and applications securely without traditional network-based security hardware.

Zscaler reported revenues of $850.5 million, up 25.4% year on year. This print topped analysts’ expectations by 1.8%. Overall, it was a strong quarter as it also put up EPS guidance for next quarter exceeding analysts’ expectations and full-year EPS guidance beating analysts’ expectations.

The stock is down 27.1% since reporting and currently trades at $134.50.

Read our full, actionable report on Zscaler here, it’s free.

Varonis Systems (NASDAQ: VRNS)

Beginning with protecting Windows file shares in 2005 and evolving into a comprehensive security platform, Varonis Systems (NASDAQ: VRNS) provides data security software that helps organizations protect sensitive information, detect threats, and comply with privacy regulations.

Varonis Systems reported revenues of $173.1 million, up 26.9% year on year. This result surpassed analysts’ expectations by 4.6%. It was a strong quarter as it also produced an impressive beat of analysts’ billings estimates and full-year EPS guidance exceeding analysts’ expectations.

Varonis Systems delivered the biggest analyst estimate beat among its peers. The stock is up 61.2% since reporting and currently trades at $41.02.

Read our full, actionable report on Varonis Systems here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.