Yahoo TV

Cybersecurity stocks are in focus this week, with SentinelOne (S) and CrowdStrike (CRWD) earnings giving investors a fresh read on the sector. TD Cowen senior analyst Shaul Eyal joins Market Domination to discuss the state of the cybersecurity industry and some of its key players.

All eyes will be on CrowdStrike's earnings on Wednesday, as it will be the first report since a software defect caused a global outage in July. Eyal expects "just a little bit of a haircut" when it comes to the company's guidance for the second half of the year. "I think that might, at the end of the day, show that the outage that we had seen back on July 19 was a major bump, but still a bump. And I think the long-term outlook for the company remains absolutely solid."

On the other hand, Eyal is more cautious about Okta (OKTA) and maintains a Hold rating on the stock. Despite having two outages over the last 18 months, he believes that management could turn the company around. With more consistency, Eyal believes that Okta could eventually gain a Buy rating.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Melanie Riehl