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Barchart

Aditya Raghunath

Fortinet Stock Is Plunging on Refresh Cycle Woes. Should You Buy the FTNT Dip?

Fortinet FTNT Cybersecurity

Fortinet (FTNT) stock plummeted over 20% on Aug. 7 after the cybersecurity company revealed disappointing details about its critical firewall refresh cycle, prompting multiple analyst downgrades. This comes despite the company beating second-quarter earnings expectations.

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