New York, Feb 24, 2026, 09:16 EST — Premarket
- Netskope (NTSK) ticked up roughly 0.4% in premarket action, following a 12% slide the day before.
- Anthropic, the AI startup, rolled out a new security tool, and that was enough to trigger a broad selloff across cybersecurity software stocks.
- TD Cowen cut its price target. Investors now await Netskope’s March 11 results, with a lock-up expiration coming up in mid-March.
Netskope (NTSK) shares picked up 0.4% ahead of the bell Tuesday, following a bruising 12.1% drop in the last session that pushed the cybersecurity stock down to a 52-week low of $9.13 before closing at $9.26. Volume came in around 4.8 million shares. (StockAnalysis)
The move is significant for Netskope, which remains well under its IPO price and now finds itself wrapped up in a renewed Wall Street debate: can AI-powered tools disrupt slices of the security software stack? With the next earnings report approaching, traders are already zeroing in on possible dates.
Shares of cybersecurity firms took a beating Monday after Anthropic introduced Claude Code Security, a new AI tool designed to flag and fix critical flaws in open-source code. “What you’re seeing today is really the continuation of a panic-driven, narrative-led selloff,” said Shrenik Kothari, director and security and infrastructure analyst at Robert W. Baird. CrowdStrike, Datadog, and Zscaler each tumbled about 11%. Fortinet and Okta dropped too, both off roughly 6%, according to Reuters. (Reuters)
TD Cowen trimmed its price target on Netskope, lowering it to $25 from $30, while sticking with a Buy call in a note out Tuesday. The firm projects Netskope will top ARR estimates, but linked the target cut to “multiple contraction”—essentially, investors are now paying less for each dollar of growth they expect. (TipRanks)
Netskope set its Nasdaq IPO price at $19 back in September, opening the first session at $23, according to Briefing.com data. The lock-up expires March 17—traders keep an eye on that, since it unlocks shares for insiders and early investors. (Briefing)
Netskope will release its fourth-quarter and full-year results after the bell on March 11, with a conference call set for 5 p.m. ET. Wall Street’s focus: ARR numbers, along with any fresh signals on demand in secure access service edge (SASE), that blend of networking and security products for connecting users to data and applications. (Netskope)
A modest uptick ahead of the bell doesn’t offer much insight. Pre-market action tends to be light, and lately, the stock’s been sensitive to shifting moods about AI and security software—not just news tied directly to the company.
