Nasdaq Composite Index fell nearly 5% Thursday amid concerns around inflation and soft earnings from online retailers. Sixteen publicly traded cybersecurity vendors fared worse than the Nasdaq on Thursday, while 11 fared better and just one saw its stock price rise. Cloudflare, Rapid7, SentinelOne and Mandiant were the hardest-hit security firms to see double-digit stock price drops in Wall Street’s worst day of 2022. Investors were also spooked by weak earnings reports from firms such as Etsy and eBay, which suggested that online shopping and consumer spending were waning.”]
Source: https://www.cuinfosecurity.com/stock-sell-off-cloudflare-rapid7-sentinelone-hardest-hit-a-19026