Jim Cramer just told his followers that “there will always be another DeepSeek,” and he named CrowdStrike and Palo Alto Networks as the cybersecurity plays for a world where every enterprise is scrambling to wall off frontier AI models and compromised agents. The money is already moving: Palo Alto Networks trades up 92.18% year-to-date, and the AI-security capex cycle is only beginning. Here are the five names to know before the next shock hits.
1. Zscaler (ZS): The Zero-Trust Sleeper
Zscaler (NASDAQ:ZS | ZS Price Prediction) is the name most investors are underweighting into the AI security wave, and that is exactly the setup. CEO Jay Chaudhry has been explicit: “Zscaler is ideally positioned as the cybersecurity platform for the AI era. Our differentiated Zero Trust SASE architecture, which hides applications from attackers and eliminates lateral movement, has never been more essential in securing against threats exposed by frontier models and compromised AI agents.” Zscaler is a launch partner on Anthropic’s Project Glasswing and OpenAI’s DayBreak, and it announced intent to acquire Symmetry Systems to govern AI agent communication at scale.
The Q3 FY26 numbers, reported May 26, 2026, show a business firing on all cylinders even as the stock lags. Revenue landed at $850.48 million, up 25.4% year over year. ARR hit $3.52 billion, and non-GAAP EPS of $1.08 extended the beat streak to nine straight quarters.
Here is the setup nobody is talking about: shares are down 34.9% year-to-date while fundamentals accelerate, and the analyst target sits at $192.58 against a current price near $147.67. The obvious heavyweight is next.
2. Palo Alto Networks (PANW): The Platform Giant Cramer Named
Palo Alto Networks (NASDAQ:PANW) is the platform consolidator every CISO calls first when frontier AI models start leaking. CEO Nikesh Arora told investors on the Q3 FY26 call that “Q3 was a standout quarter for Palo Alto Networks, with accelerating organic bookings growth as customers turn to us to secure their AI deployments at scale,” adding that “the latest advancements at the AI frontier have increased the level of urgency around cybersecurity.” Cramer named this stock directly.
The Q3 FY26 report from June 2, 2026 is the tell. Revenue hit $3.00 billion, up 31.1% year over year, Next-Generation Security ARR reached $8.10 billion, up 60% year over year, and RPO climbed to $18.4 billion, up 36% year over year.
Shares are up 26.47% in the last month alone. But the next name is where AI security got its true “Mythos moment.”
3. CrowdStrike (CRWD): The AI Security Infrastructure Call
CrowdStrike (NASDAQ:CRWD) is the other name Cramer flagged, and CEO George Kurtz used the Q1 FY27 call to plant a flag: “In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment. CrowdStrike is AI security infrastructure, critical to successful AI adoption.” The company launched Project QuiltWorks with OpenAI and Anthropic and Charlotte AI AgentWorks with AWS, NVIDIA, and OpenAI. This is the endpoint layer where every compromised agent gets caught.
The Q1 FY27 earnings report from June 3, 2026 was the eighth straight EPS beat. Revenue hit $1.39 billion, up 25.57% year over year, net new ARR jumped 32% year over year to $255.80 million, and full-year net new ARR growth guidance was raised 520 basis points to 27.7%.
The stock has responded, up 73.87% year-to-date and the four-for-one split effective July 2, 2026 broadened retail access at exactly the right moment. Now for the name quietly repricing off a hardware refresh nobody saw coming.
4. Fortinet (FTNT): The Hardware Refresh No One Modeled
Fortinet (NASDAQ:FTNT) is the pure-play beneficiary of two colliding forces: a hardware refresh cycle for the #1 firewall leader with 55% unit market share, and an AI threat environment that requires appliances actually capable of inspecting encrypted traffic at line rate. FortiOS 8.0 shipped with AI-driven security and quantum-safe capabilities, and Fortinet is integrated with NVIDIA on BlueField-3 DPUs for AI Factory security and is an Anthropic Project Glasswing partner.
Q1 FY26 was the tell. Product revenue exploded 41% year over year to $645.10 million, billings grew 31% year over year to $2.09 billion, and free cash flow hit a record $1.01 billion, up 26.32% year over year.
Shares are up 102.47% year-to-date, and Fortinet returned $823 million in Q1 buybacks. But the payoff pick is what the AI agents themselves actually run on.
5. Cloudflare (NET): The Network Every AI Agent Runs On
If Cramer’s thesis is that AI shocks keep coming, Cloudflare (NYSE:NET) is the pick that turns the entire scenario upside down. CEO Matthew Prince put it bluntly: “AI is driving a fundamental re-platforming of the Internet and a paradigm shift in how software is created and consumed; it’s shaping up to be the biggest tailwind we’ve ever seen in Cloudflare’s history.” He followed with the line every portfolio manager should tape to a monitor: “If agents are the new users of the web, Cloudflare is the platform they run on and the network they pass through.” Cloudflare just cut 1,100 employees to rebuild itself as an agentic AI-first company.
The Q1 FY26 earnings report from May 7, 2026 validated the pivot. Revenue hit $639.75 million, up 33.5% year over year, current RPO grew 34% year over year, and free cash flow of $84.07 million was up 59.03% year over year. Q4 FY25 closed the largest ACV deal in company history at $42.5 million per year.
Shares are up 38.2% year-to-date and 43.54% over the last year. Every AI agent that pings the internet raises the toll Cloudflare collects.
The Bottom Line
Cramer’s “another DeepSeek” framing is the base case. Enterprise budgets are already redirecting toward the layer that governs frontier models and rogue agents, and the stock action is already reflecting it: PANW up 92.18%, FTNT up 102.47%, and CRWD up 73.87% year-to-date, while ZS still trails its own fundamentals. The next AI shock is a matter of when. These are the five names sitting in the line of fire.
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