Cybersecurity is a tale of three groups: one crown jewel (NET), one implosion (ZS/OKTA), and a recovering middle (CRWD, FTNT). Cloudflare is the standout with +71% 1-year and positive alpha — the only name in this scan actually beating the market. Zscaler and Okta are in freefall (-40% and -47% from 52-week highs). CrowdStrike recovered from its July 2024 outage saga but faces headwinds at RSI 59. Last scan was 16 days ago (2026-04-10).

NET $207.07 | RSI 54 | +71% 1-Year | Positive Alpha Cloudflare is the only cybersec name posting meaningful positive alpha (+38% vs SPY over 1 year). The network edge story — combining security, CDN, and developer platform — is winning. RSI 54 is neutral, -5% 30D is a normal pullback in an uptrend. +229% over 3 years. The thesis is intact. This is the one cybersec name worth owning through macro uncertainty.

CRWD $448.13 | RSI 59 | +16% 30D | Post-Outage Recovery CrowdStrike is rehabilitating. +16% in 30 days, +238% over 3 years. The July 2024 global IT outage narrative is fading and the AI-native security platform is gaining share back. RSI 59 — not overbought but extended from the April flush. -2.2% below SMA200, -21% from 52-week high. The recovery is real but the entry here is not ideal.

FTNT $84.34 | RSI 55 | +1% 3M | Steady Fortinet is the quiet grinder. +1% 3M while peers swung violently. RSI 55, +1% above SMA200. The network security platform (firewalls, SASE) is less sexy but more operationally stable. 5-year alpha is +32% — the only other name besides NET with long-run positive alpha.

HACK $78.65 | RSI 54 | -3.8% below SMA200 Broadest cybersec ETF. -1.9% 3M suggests sector headwinds but not collapse. RSI 54 neutral. HACK is the safest way to hold the sector without single-name risk.

CIBR $67.24 | RSI 57 | -5.5% below SMA200 First Trust Cybersec ETF. +6.3% 30D recovery, RSI 57. More growthy composition than HACK. Still -6.6% 3M. Better relative performance than BUG.

BUG $26.49 | RSI 54 | -14.9% below SMA200 ETFMG Cybersecurity ETF. -12.4% 3M, -14.9% below SMA200 — the most distressed ETF in the group. Smaller/mid-cap weighting hurts in risk-off environments.

ZS $122.62 | RSI 32 | -50% below SMA200 | -64% from 52wk high Zscaler is in crisis. -42.8% in 3 months. -50.1% below SMA200. RSI 32 approaching oversold. The zero-trust network access story is structurally sound but the business model (consumption-based) is getting repriced in a belt-tightening IT environment. At RSI < 28 this becomes a speculative bounce candidate — but the structural breakdown is severe enough to demand patience.

OKTA $67.35 | RSI 39 | -20% 7D | -47% from 52wk high Okta printed a -20% week — something went wrong (earnings miss, guidance cut, or macro hit). RSI 39 approaching oversold but in freefall mode. -24.8% 3M, -22.8% below SMA200. The identity security platform thesis is intact but execution has been poor. This is a broken stock requiring a stabilization base before any entry.

S (SentinelOne) $12.79 | RSI 45 | -11% 7D | -40% from 52wk high SentinelOne continues to underperform. -11% in one week, -10% 3M. -20.1% below SMA200. The AI-native EDR platform is burning cash and faces CRWD recovery as a headwind. RSI 45 is not oversold. No thesis here.

CYBR $408.85 | RSI 33 | Stale Data (Feb 2026) CyberArk data is stale (last update Feb 2026). RSI 33 but cannot rely on this for entry/exit decisions. Skip until data refreshed.

• OKTA -20% week: what was the specific catalyst? Earnings miss or guidance cut?
• ZS: is the enterprise zero-trust SASE budget being cut, or just delayed? Matters for recovery timing.
• CRWD at $448: is the post-outage rehabilitation priced in or still early innings?