Stock Markets June 2, 2026 04:29 PM

After-Hours Movers: Palo Alto Powers Cybersecurity Gains; GitLab and Ulta Also Rise

Stronger-than-expected results from Palo Alto Networks sent ripples through the cybersecurity group while GitLab and Ulta posted beats in their latest quarters

By Jordan Park PANW CRWD ZS GTLB ULTA

Shares of several technology and retail companies moved higher in after-hours trading following quarterly results and forward guidance. Palo Alto Networks led the gains after beating estimates and issuing robust guidance, prompting a broader uptick among cybersecurity peers. GitLab and Ulta also reported quarterly beats and issued fiscal guidance that influenced investor reactions.

After-Hours Movers: Palo Alto Powers Cybersecurity Gains; GitLab and Ulta Also Rise
PANW CRWD ZS GTLB ULTA

Key Points

  • Palo Alto Networks rose 10% after reporting Q3 EPS of $0.85 and revenue of $3 billion, and issued strong Q4 and full-year fiscal 2026 guidance that comfortably exceeded consensus estimates - impacting the cybersecurity sector.
  • CrowdStrike and Zscaler traded higher in after-hours trading in sympathy with Palo Alto Networks' strong report, lifting sentiment across cybersecurity names.
  • GitLab and Ulta both beat quarterly estimates: GitLab reported Q1 EPS of $0.23 and revenue of $264.2 million and issued fiscal 2027 guidance above consensus; Ulta reported Q1 EPS of $7.74 and revenue of $3.16 billion and provided full-year fiscal 2027 EPS guidance that bracketed the consensus - affecting technology and consumer retail sectors.

Stocks in both cybersecurity and consumer retail saw notable after-hours moves as companies reported quarterly results and updated outlooks.

Palo Alto Networks (PANW) was the most prominent mover, rising 10% after the company reported third-quarter earnings per share of $0.85 and revenue of $3 billion, both surpassing analyst expectations. Management also issued strong guidance for the fourth quarter and for the full fiscal 2026 year, with that guidance described as comfortably exceeding consensus estimates.

CrowdStrike Holdings Inc. (CRWD) and Zscaler (ZS) traded higher in extended hours in reaction to Palo Alto Networks’ performance. The upbeat quarterly results and forward outlook from Palo Alto Networks prompted renewed optimism across the broader cybersecurity sector, supporting gains in related names during after-hours trading.

GitLab Inc. (GTLB) advanced 5% after reporting first-quarter earnings per share of $0.23 and revenue of $264.2 million, with both figures coming in ahead of Wall Street estimates. In addition, GitLab issued full-year fiscal 2027 guidance that exceeded consensus expectations on both earnings and revenue, a factor cited in the stock's after-hours move.

Ulta Beauty (ULTA) climbed 7% following first-quarter results that showed earnings per share of $7.74 and revenue of $3.16 billion, topping analysts’ estimates on both the top and bottom lines. The beauty retailer also provided full-year fiscal 2027 EPS guidance that bracketed the Wall Street consensus.

Market indicators displayed with these moves included the following ticker-level percentage figures as reported: ULTA-1.18% PANW-1.1% ZS-7.42% CRWD-1.75% GTLB-5.83%.

The after-hours reactions reflected a combination of quarterly beats and forward guidance that in several cases outpaced expectations. In cybersecurity, a single strong report appeared to lift sentiment across multiple vendors in extended trading. In consumer retail, Ulta’s outsized quarterly profit and sales growth drove its after-hours performance.


What this means

Earnings surprises and forward guidance remain central catalysts for after-hours stock movements. Where a large industry participant posts stronger results and guidance, related companies can experience correlated gains in extended trading. For consumer-facing retailers that beat on both top and bottom lines, investor responses can be similarly pronounced.

Risks

  • After-hours price moves can reverse when regular trading resumes, so gains tied to post-release sentiment may not persist - this is relevant for the cybersecurity and tech names mentioned.
  • Guidance that only brackets or marginally exceeds consensus, such as Ulta's full-year fiscal 2027 EPS guidance that bracketed the Wall Street consensus, introduces uncertainty around future expectations for the retail sector.
  • Market reactions in related sectors can be driven by a single peer's results, meaning that optimism across cybersecurity stocks may depend on continued positive updates from multiple companies rather than one report alone.

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