The stock market had a weak year in 2022. Growth stocks were generally hit the hardest thanks to rising interest rates, recession fears, and a general loss of appetite for speculation among investors. Fintech leader Block (NYSE: SQ) -- formerly known as Square -- was one of the worst large-cap performers, with shares declining by nearly 65%. Read More...
Motley Fool
Why CrowdStrike, Palo Alto Networks, and Fortinet Fell Today
Shares of cybersecurity software stocks CrowdStrike (NASDAQ: CRWD), Palo Alto Networks (NASDAQ: PANW), and Fortinet (NASDAQ: FTNT) were falling today, down 2.1%, 1.1%, and 1.3% as of 1:49 p.m. ET, even though the broader Nasdaq Composite was up by about 1.5% at that time. Yesterday, Palo Alto announced the closing of its acquisition of Cider Security, a leader in software application protection. On Tuesday night, cybersecurity peer BlackBerry had its fiscal third-quarter earnings report, in which management noted some caution in closing large cybersecurity deals in the near term, as sales cycles have become “elongated,” which is a fancy term for customers being slower to sign off on purchases.
