Palo Alto Networks Drags Down Cybersecurity Stocks in Morning Trading

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Palo Alto Networks Drags Down Cybersecurity Stocks in Morning Trading

Tiger Newspress02-21

Shares of Palo Alto Networks plunged 25% in morning trading after the cybersecurity company cut its revenue outlook for the full year.

The company also issued guidance for its current quarter that fell below Wall Street expectations.

The weak outlook came after Palo Alto Networks reported better-than-expected results for its fiscal second-quarter.

Other cybersecurity stocks also dropped. Zscaler fell over 14%; CrowdStrike fell over 11%; SentinelOne fell over 9%; Fortinet fell over 8%.

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BitcoinMaxi
·02-21
Oh well.
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