Why Fortinet Stock Plunged Today
The Motley Fool
AUGUST 4, 2023
What happened Shares of Fortinet (NASDAQ: FTNT) were down 24.3% at 10:45 a.m. EDT Friday, according to data provided by S&P Global Market Intelligence , after the cybersecurity specialist announced mixed second-quarter 2023 results relative to Wall Street's expectations. The company also lowered its full-year revenue and billings guidance. So what At a glance, Fortinet's results didn't look terrible; revenue climbed 25.5% year over year (YOY) to $1.29 billion, translating to adjusted net inc
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