AVGO, PANW, FTNT: Cybersecurity Stocks Hit as China Cracks Down on U.S., Israeli Software

Tip Ranks
2026.01.14 10:39
portai
I'm PortAI, I can summarize articles.

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

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 Premium

  • Unlock 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
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.