Fortinet’s stock is taking a dive after earnings. Here’s why.

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Fortinet (FTNT) shares are set to fall by about a quarter following the earnings released Wednesday after the close. The company failed to meet the high expectations driven by artificial intelligence across the cybersecurity sector. Product revenue growth slowed significantly in the latest quarter compared with the previous one. The results also weighed on cybersecurity stocks as investors reassessed growth expectations.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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