Shares of cybersecurity stocks are trading lower in sympathy with Fortinet, which provided weak guidance.
Portfolio Pulse from Benzinga Newsdesk
Cybersecurity stocks are trading lower following weak guidance provided by Fortinet.
August 04, 2023 | 3:35 pm
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NEGATIVE IMPACT
CrowdStrike's stock price is trading lower in sympathy with Fortinet.
As a cybersecurity company, CrowdStrike's stock price is likely to be affected by the weak guidance provided by Fortinet. This could lead to a short-term decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Fortinet's weak guidance has led to a decrease in its stock price.
Fortinet's weak guidance has led to a decrease in its stock price. This is likely to have a negative impact on the company's short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Zscaler's stock price is trading lower in sympathy with Fortinet.
As a cybersecurity company, Zscaler's stock price is likely to be affected by the weak guidance provided by Fortinet. This could lead to a short-term decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70