Security hardware stocks are having a rough day: Palo Alto Networks (PANW -3.1%), Fortinet (FTNT -7.8%), Sourcefire (FIRE -3.6%), and Check Point (CHKP -5%) are among the losers. Stephens has started coverage on Palo Alto with an Equal Weight and $50 PT; shares of the fast-growing and richly-valued next-gen firewall vendor fell 4.3% yesterday in the face of a giant tech rally.
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