FTNT - Down 27% From Its 52-Week High Is Now the Time to Buy Fortinet Stock?
2024-06-09 03:50:00 ET
Shares of Fortinet (NASDAQ: FTNT) are down 27% from their 52-week high. The sell-off stems from a string of weaker-than-expected results and slowing sales over the past year.
Despite the recent volatility, investors shouldn't dismiss this cybersecurity leader that maintains a positive outlook. Let's explore why Fortinet shares could be poised for a rebound.
Fortinet's first-quarter earnings report released in early May (for the three months ended March 31) can be described as mixed.
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Down 27% From Its 52-Week High, Is Now the Time to Buy Fortinet Stock?