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Cybersecurity ETFs Penalized For Fortinet’s Woes

For months, ETFs that own anti-hacking companies have been on a run, rebounding from the beating the stocks endured earlier this year amid massive market turmoil. But is the rally over? The PureFunds ISE Cyber Security ETF (HACK), and the First Trust NASDAQ Cybersecurity ETF (CIBR) both fell in recent market action as shares of Fortinet (FTNT) plunged  after the company lowered its third quarter sales guidance, and other anti-hacking stocks moved lower in sympathy.
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