Tag: $Fortinet

Fortinet Stock Tumbles 20% After Earnings Beat. Why It Caught a Downgrade.

Fortinet(FTNT) shares tumbled after the cybersecurity company reported a solid quarter late Wednesday, with analysts focusing on the outlook for upgrades of firewall products.

Fortinet, rivals tumble as dour forecast signals slowing cybersecurity spending

Fortinet sank 23% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy.