Tech Stocks on the Move Today: Palo Alto Networks, Trump Media, and More [Video]

The S&P 500 Information Technology Sector index hit a 52-week high and was up 0.2% at 1:15 p.m. ET, while the broader S&P 500 and the tech-heavy Nasdaq were flat.

Palo Alto Networks (PANW) shares shares fell after the network security firm issued a lackluster current-quarter and full-year outlook. Keysight Technologies (KEYS) shares sank when the maker of electronic measuring devices also pointed to a pullback in industry spending. Trump Media & Technology Group (DJT) shares declined as the parent of Donald Trump’s Truth Social social media site posted big losses with little revenue. 

Palo Alto Networks declined almost 3% as the network security firm’s lackluster current-quarter and full-year outlook did not impress investors. In addition, the muted guidance has raised concerns about its recent move to a consolidated cybersecurity platform aimed at driving growth among cautious enterprise customers.

Keysight Technologies shares dipped 9% as the electronic equipment manufacturer’s second-quarter …