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Several Cybersecurity Stocks Tumble After-Hours Alongside Palo Alto Networks: Details – Palo Alto Networks (NASDAQ:PANW) | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware



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Cybersecurity stocks are trading lower after-hours on Wednesday in sympathy with Palo Alto Networks, Inc. (NASDAQ:PANW), which sunk following its first-quarter earnings report. Here’s what’s causing the price action.

What To Know: Palo Alto Networks posted first-quarter earnings of $1.38 per share, compared to The Street’s estimate of $1.16. Revenue clocked in at $1.88 billion, versus the analyst consensus estimate of $1.84 billion. The company also issued second-quarter and full-year 2024 guidance.

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Shares of Palo Alto Networks fell after the financial results were released, dragging down several other cybersecurity stocks including CrowdStrike Holdings, Inc. (NASDAQ:CRWD), Zscaler Inc (NASDAQ:ZS), SentinelOne Inc (NYSE:S) and Fortinet Inc (NASDAQ:FTNT).

Related Link: This Isn’t Last Year’s Stock Market: Investor Says Rally Should Continue Throughout End Of Year, Into 2024

PANW, CRWD, ZS, S, FTNT Price Action: Shares of PANW were down 5.35% at $242.48 in the after-hours session at the time of publication while Crowdstrike Holdings was down 1.74% at $200.74, Zscaler Inc was down 1.93% at $181, SentinelOne was down 1.38% at $17.10, and Fortinet was down 2.03% at $51.06.

Photo: Pete Linforth from Pixabay


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