Shares of several cybersecurity-related stocks are trading lower in sympathy with Palo Alto Networks, which fell after the company issued weak guidance.
Portfolio Pulse from Benzinga Newsdesk
Cybersecurity stocks, including CHKP, CRWD, CYBR, FTNT, S, SNOW, and ZS, are trading lower due to Palo Alto Networks' weak guidance.
February 21, 2024 | 2:43 pm
News sentiment analysis
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NEGATIVE IMPACT
Check Point Software Technologies' stock is trading lower in response to Palo Alto Networks' weak guidance.
CHKP is trading lower as it is directly impacted by the cybersecurity sector's overall sentiment, influenced by Palo Alto Networks' weak guidance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
CrowdStrike Holdings' stock is trading lower due to the negative sentiment in the cybersecurity sector caused by Palo Alto Networks' weak guidance.
CRWD's stock price is negatively affected by the broader market reaction to Palo Alto Networks' disappointing future outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
CyberArk Software's shares are down in sympathy with the broader cybersecurity market, following Palo Alto Networks' weak guidance.
CYBR is trading lower as it is part of the cybersecurity sector, which is currently under pressure due to Palo Alto Networks' weak guidance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Fortinet Inc's stock is trading lower in line with the negative trend in the cybersecurity sector, triggered by Palo Alto Networks' weak guidance.
FTNT's stock is affected by the negative sentiment in the cybersecurity sector, following Palo Alto Networks' announcement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
SentinelOne's stock is trading lower as part of the broader downturn in the cybersecurity sector, influenced by Palo Alto Networks' weak guidance.
SentinelOne is impacted by the overall negative sentiment in the cybersecurity market, driven by Palo Alto Networks' weak guidance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Snowflake Inc's stock is trading lower, affected by the negative sentiment in the tech sector, particularly in cybersecurity following Palo Alto Networks' weak guidance.
Although not a pure cybersecurity company, Snowflake is affected by the overall tech sector's performance, which is currently influenced by cybersecurity's weak outlook.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Zscaler Inc's stock is trading lower, following the trend in the cybersecurity sector due to Palo Alto Networks' weak guidance.
ZS is directly impacted by the negative sentiment in the cybersecurity sector, which is currently influenced by Palo Alto Networks' weak guidance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70