News out today raises cautionary signs, network security leaders FTNT, and CHKP are down 19% and 13% respectively today, after both reported unimpressive results and weak guidance. FIRE is also down over 9%. All these firms are in a related ecosystem space. Concurrently, PANW insiders are pricing 4.8 million shares today. FIRE faces a macro environment that is now reflecting the worldwide economic slowdown. FIRE reports October 30, and the risk of disappointment is now a very real prospect. One indication may be heavy insider selling, 40 officer and director sales, 0 purchases. Additionally the % change to institutional sales held is -25%. The technicals are also no good, share price has declined by 26% since September 6, the 5 day EMA has been below the 13 day EMA for nearly a month, and the stock is now below the 50, 150, and 200 day SMA, with higher volume confirming the trend today. The shares could retrench to the low 30's. The near term risk reward appears to be heavily weighted in favor of risk.