Why Fortinet, SentinelOne, CrowdStrike, and Other Cybersecurity Stocks Plunged Wednesday Morning

A number of cybersecurity companies slumped out of the gate Wednesday morning and never looked back. As of 1:35 p.m. ET, shares of Zscaler (ZS -14.85%) had plunged by 13.9%, SentinelOne (S -12.33%) was down 10.8%, CrowdStrike Holdings (CRWD -10.84%) had tumbled by 9.4%, Fortinet (FTNT -4.58%) was off by 4.2%, and Cloudflare (NET -4.26%) had lost 4.2%.A check of all the usual sources -- regulatory filings, analyst commentary, and financial reports -- found no company-specific news fueling these declines, sug ...