Fortinet Stock Plunges on Disappointing Revenue Guidance
Fortinet's stock dropped nearly 13% in late trading after the cybersecurity company reported a miss on revenue in its fiscal 2025 and projected quarterly revenue below estimates. Despite beating earnings expectations, the soft outlook and growth concerns led to a significant decline in share price. The company's forward guidance for the second quarter fell short of analyst estimates, reflecting challenges in the cybersecurity industry and slower demand for its services.