🔴 Palo Alto Networks is trading 6% down in pre-market after disappointing peer results prompt sympathy selling

Palo Alto Networks is trading at $371.59, down 5.80%, as disappointing results from software and cybersecurity peers, including ServiceNow and Fortinet, prompted sympathy selling.

• Fortinet shares dropped over 25%, while the software-sector ETF fell 3%, according to overnight reporting.
• Alphabet’s earnings miss pressured broader tech sentiment, while Microsoft rose after beating expectations.
• No clear new company-specific announcement explaining Palo Alto Networks’ decline was identified.