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Why Two Cybersecurity Stocks Are Suddenly a Big Deal Hours Before They Report

Palo Alto Networks (PANW) was once the "best in breed" when it came to the cybersecurity stocks, but it has lost ground to Proofpoint (PFPT) and Fortinet (FTNT) . Over the last year, Palo Alto is up only 5%, while Proofpoint and Fortinet are higher by 23% and 12%, respectively, a strong indication that customers are shifting to security-as-a-service cybersecurity threat protection.

All three are lower, but before you buy the dip, let's look at the chart.

The daily chart shows the...