Zscaler, Tyson Foods: Monday’s trending tickers

Yahoo Finance Live’s Rachelle Akuffo breaks down how Monday’s trending tickers are moving ahead of the noon hour.

Video transcript

RACHELLE AKUFFO: All right, well, some movers catching the attention on the Yahoo Finance Trending Ticker page. Let's take a look here, Zscaler surging after the cybersecurity company boosted its forecast far above expectations, we see that that's up 21% on the day. The sector has held up well lately, two major players in Palo Alto and Fortinet outperforming the NASDAQ in the last few months. The failure of SVB was certainly a catalyst higher. In March, Cloudflare CEO, Matthew Prince, said there were risks of cyber attacks increasing in the aftermath of the turmoil.

And Tyson Foods, also on our radar, investors not appetized by results this morning, shares slumping to a three-year low after the food company cut its revenue outlook for the fiscal year and sought a surprise loss for the quarter. So as you can see, shares down more than 15%, well, shares in the group also down almost 20% this year. The results are yet another sign of a consumer backlash, the impact of inflation clearly still being felt. The meat packers' CEO, Donnie King, has been trying to cut cost and boost margins. Last year, the sector's big players boosted prices as animal feed and freight costs rocketed.