Stocks Hitting 52-Week Lows
Palo Alto Networks (NYSE: PANW) shares lost 4.48% to create a new 52-week low of $49.00. Palo Alto Networks posted a loss in the fiscal first quarter.
Comtech Telecommunications (NASDAQ: CMTL) shares dropped 9.30% to create a new 52-week low of $23.40. Comtech reported a fall in its first-quarter profit and cut its full-year outlook.
Vitesse Semiconductor (NASDAQ: VTSS) shares declined 11.96% to create a new 52-week low of $1.84. Vitesse priced an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $1.75 per share.
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