Core Insights - JPMorgan identifies CrowdStrike, Palo Alto Networks, and Zscaler as long-term winners in the cybersecurity sector amid AI-driven threats [1] - The recent sell-off in SaaS stocks, triggered by Anthropic's AI tool updates, resulted in nearly $1 trillion loss in market value over six days, but the panic has since eased [1] CrowdStrike (CRWD) - CrowdStrike's Falcon platform is recognized for its AI-native capabilities and resilience against broader software sector fears, with $1.35 billion in annual recurring revenue reported [1] - Analysts project fiscal 2026 revenues between $4.797 billion and $4.807 billion, with non-GAAP earnings expected at $3.70 to $3.72 per share, reflecting a 1.1% increase in earnings estimates [1] - Expected earnings growth of 16.8% in 2026 is supported by high switching costs and multi-year contracts [1] Palo Alto Networks (PANW) - Palo Alto Networks reported a 16% year-over-year revenue growth to $2.47 billion in fiscal Q1, with product revenue increasing by 23% to $343 million [1] - The company’s next-generation security annual recurring revenue surged 29% to $5.85 billion, driven by a 34% growth in SASE [1] - JPMorgan has set a price target of $235 per share, highlighting the company's strong profitability and market position [1] Zscaler (ZS) - Zscaler's emerging products in AI security and zero trust exceeded $1 billion in combined annual recurring revenue, with revenues beating guidance by $15 million [1] - The company forecasts fiscal 2026 annual recurring revenue between $3.698 billion and $3.718 billion, with total revenues expected between $3.282 billion and $3.301 billion [1] - Zscaler is positioned to capitalize on a $780 billion cloud market by 2030, leveraging AI for threat detection [1]