Tag: $Fortinet

Palo Alto Networks (PANW), Fortinet (FTNT) and other cybersecurity stocks were under pressure ahead of the open Wednesday following a report that China has ordered domestic companies not to use software made by a number of U.S. companies.

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