FTNT Disappoints with Underwhelming Services Forecast

2 months ago

Nathan Hager

"Uh there's another disappointment in the tech universe and that is in the cyber security company Forinet. FTNT is your ticker. Uh shares trading just shy of $77 a share also down by just shy of 11%. They have a massive services business obviously um as a cyber security company. That services forecast disappointed. The street was expecting a lot more investment into cyber security and they didn't exactly get that in this set of earnings. So FTNT down about 11%."

The commentary on Fortinet (FTNT) notes that a disappointing services forecast—falling short of market expectations—has led to an 11% decline in its share price, highlighting investor concerns in the cyber security sector.

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