Why Fortinet, CrowdStrike, and Palo Alto Networks Stocks Zoomed Higher Today

Wednesday is shaping up to be a good day to own cybersecurity stocks: Powerful fourth-quarter earnings from network security company Fortinet (FTNT 1.53%) sent its stock up by 3%, and provided a tailwind to shares of peers CrowdStrike (CRWD 5.25%), and Palo Alto Networks (PANW 6.36%). Through 11:45 a.m. ET, those two stocks were up 5.8% and 7%, respectively.Reporting its fourth-quarter results Tuesday after the close, Fortinet beat expectations on both the top and bottom lines. Instead of the $0.43 per shar ...