Crowdstrike, Zscaler to benefit from Change Healthcare breach, says Macquarie

In late February, UnitedHealth’s (UNH) Change Healthcare was hacked, disrupting healthcare payments and widely impacting patient care across the U.S., and as policy responses appear to support cyber spend increases, Macquarie analyst Frederick Havemeyer tells investors in a research note that Crowdstrike (CRWD) and Zscaler (ZS) are the firm’s top cyber picks to benefit from this breach. The firm believes CrowdStrike’s best-of-breed endpoint security platform is ideally positioned to mitigate ransomware attacks, and thinks Zscaler’s cloud-based network security solutions provide strong protection against attackers moving laterally within hybrid cloud environments. Macquarie has an Outperform rating and $370 price target on Crowdstrike and Outperform rating and $245 price target on Zscaler.