Why Are Cybersecurity Stocks PANW, CRWD, FTNT Down Today?

A downbeat forecast from Palo Alto Networks (NASDAQ:PANW) sent the whole cybersecurity sector down. The company’s results beat estimates, but it guided toward slowing growth in earnings and revenue. In response, other cybersecurity stocks also fell heavily overnight. Zscaler (NASDAQ:ZS) fell nearly 11%.  Crowdstrike (NASDAQ:CRWD) fell 10%, and Fortinet (NASDAQ:FTNT) fell 7%. Palo Alto itself plunged nearly 25% and opened today at $275 per share, a market capitalization of $86 billion.Leading DownwardPalo Al ...