Fortinet CEO's "Record" Upgrades Cost Shareholders $22 Billion in One Day
Key Points
- Fortinet's stock plummeted 22% after a disappointing refresh...
Nothing says "record upgrade" quite like watching your stock price nosedive 22% faster than a day trader's coffee gets cold. Fortinet shareholders learned this lesson the hard way when the cybersecurity company's supposedly stellar FortiGate refresh cycle turned out to be more like a gentle breeze than the hurricane of revenue executives had promised.
The "Refresh" That Left Everyone Feeling Stale
Between November 2024 and August 2025, Fortinet management painted a picture of their product upgrades that was apparently more abstract art than documentary photography. The company's executive...
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