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-0.00051914341336784 -0.00149253731343277 -0.00181700194678781 -0.00454250486696943 -0.00661907852044115 -0.00337443218689151 -0.00584036340038921 -0.00584036340038921
Stock impact report

Cybersecurity Stocks Are Falling. China Is Tightening Software Rules [Yahoo! Finance]

Fortinet, Inc. (FTNT) 
Last fortinet, inc. earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fortinet.com
Company Research Source: Yahoo! Finance
authorities have asked domestic firms to stop using certain foreign security software, citing national security concerns. Is FTNT fairly valued? Test your thesis with our free DCF calculator. The guidance was circulated in recent days, though the scope of affected companies remains unclear. Regulators are said to be concerned that overseas cybersecurity tools could access sensitive data and transmit information outside China. Companies named in the report include Palo Alto Networks ( NASDAQ:PANW ), Fortinet ( NASDAQ:FTNT ), Broadcom ( NASDAQ:AVGO ) through its VMware unit, and Israel-based Check Point Software Technologies ( NASDAQ:CHKP ). CyberArk Software ( NASDAQ:CYBR ) was also cited. Palo Alto shares slid about 3% in early trading, while Fortinet and Check Point fell roughly 2% and 1%, respectively. CyberArk edged lower, while Broadcom slipped less than 1%. The move comes as Beijing continues efforts to reduce reliance on Western technology, particularly in areas tied t Show less Read more
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