Palo Alto Networks fell more than 9% after earnings, dragging down cybersecurity stocks. Datadog dropped over 4%, Zscaler fell 3.4%, Fortinet declined nearly 2%, and Cloudflare was down 1.3%.
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Palo Alto Networks announced its second quarter results and lowered its future performance guidance. It expects adjusted earnings per share for the third quarter to be between $0.78 and $0.8 (lower than the previous expectation of $0.92), and expects full-year adjusted earnings per share to be between $3.65 and $3.7 (lower than the previous expectation of $3.87). (Gelonghui)
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