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Palo Alto Sinks 8% Despite 34% Revenue Growth, CrowdStrike Falls 3%, Fortinet Slips

Source: 247wallst.com

Corporate EarningsCybersecurity & Data PrivacyInvestor Sentiment & Positioning
Palo Alto Sinks 8% Despite 34% Revenue Growth, CrowdStrike Falls 3%, Fortinet Slips

Cybersecurity stocks are down Wednesday morning despite a marquee earnings beat, suggesting investors are repricing the premium of one leading name rather than broadly repricing the sector. Sector peers are reportedly moving far less, indicating the selloff is more idiosyncratic than systemic.

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