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Why Zscaler, Palo Alto Networks And Fortinet Shares Are Sliding After Hours

Published 29/11/2022, 21:52
Updated 29/11/2022, 23:10
© Reuters.  Why Zscaler, Palo Alto Networks And Fortinet Shares Are Sliding After Hours

Benzinga - Shares of several cybersecurity firms are trading lower in Tuesday's after-hours session in the wake of CrowdStrike Holdings Inc's (NASDAQ: CRWD) third-quarter results.

Some of the cybersecurity stocks moving lower include Zscaler Inc (NASDAQ: ZS), Palo Alto Networks Inc (NASDAQ: NASDAQ:PANW), and Fortinet Inc (NASDAQ: FTNT).

  • CRWD Q1 Revenue: $581 million beat estimate of $573.82
  • CRWD Q1 EPS: $0.40 beat estimate of $0.31
Geroge Kurtz

Outlook: CrowdStrike sees fourth-quarter revenue between $619.1 million and $628.2 million versus estimates of $632.84 million. The company expects fourth-quarter earnings to be between 42 cents and 45 cents per share versus estimates of 34 cents per share.

Full-year revenue is expected to be between $2.223 billion and $2.232 billion versus estimates of $2.23 billion. CrowdStrike said full-year earnings are expected to be in a range of $1.49 to $1.52 per share versus estimates of $1.32 per share.

Related Link: CrowdStrike Stock Is Diving After Hours: What's Going On?

ZS, PANW, FTNT Price Action: At publication time, Zscaler was down 5.82%, Palo Alto was down 3.37% and Fortinet was down 2.79%, according to Benzinga Pro.

Photo: Darwin Laganzon from Pixabay.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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