Cyber security firms rise after upbeat outlook from Fortinet

Tenable Holdings

08/02/2023 12:38

** Shares of cyber security firms rise in premarket trading
after better-than-expected outlook from Fortinet  FTNT.O  
    ** FTNT shares up nearly 12% as the midpoint of company's Q1
and FY revenue and EPS forecast range come ahead of Wall Street
expectations
    ** Drag higher other software security firms: Palo Alto
 PANW.O  up 4.3%, Zscaler  ZS.O  3%, CrowdStrike  CRWD.O  2.7%
    ** At least 14 brokerages raise PTs on FTNT post results
    ** ETFMG Prime Cyber Security ETF  HACK.P  gains 3.1%; down
about 15% in the past 12 months
 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))