Why Palo Alto Networks Stock Dropped, Then Popped
China is mad at Palo Alto Networks. Should you worry?
Overview
Investors in Palo Alto Networks (NASDAQ: PANW) stock got a bit of a scare last week.
As TheFly.com reports, China's Cyberspace Administration agency accused Palo Alto of harboring links to "intelligence services," and launched a "review" of the cybersecurity company's products to protect China's "critical infrastructure."
Details
Palo Alto stock fell 1% on the news, but is bouncing back already Monday, recovering all losses and adding gains on top -- up 4.7% through 11:40 a.m. ET.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.