AVGO, PANW, FTNT: Cybersecurity Stocks Hit as China Cracks Down on U.S., Israeli Software
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Shares in cybersecurity companies such as Palo Alto Networks (PANW), Fortinet (FTNT), and chipmaker Broadcom (AVGO) — which owns VMware — dropped early Wednesday. This came after a Reuters report that Chinese authorities had told domestic firms to steer clear of around 12 U.S. and Israeli software vendors on national security grounds. Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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