TD Cowen says Check Point (CHKP), Fortinet (FTNT) and Palo Alto Networks (PANW) have minimal exposure to China, with the country representing 1%-2% of each companies’ sales. Reuters reported the Chinese government has instructed domestic companies to stop using security software from Israeli and U.S. companies, the analyst tells investors in a research note. TD points out that it is unclear whether this is a formal ban.
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