Fortinet Stock Is Today’s Worst S&P 500 Performer. Here’s Why. - Barron's
1. Fortinet reported higher revenue, but shares fell 7.9% on mixed guidance. 2. Adjusted earnings beat estimates, but services revenue was below expectations. 3. Management's conservative second-quarter guidance raised investor concerns. 4. The former chief revenue officer's retirement created uncertainty in forecasts. 5. Despite a decline, FTNT shares are up 69% year-over-year.