Browsing Tag
John Whittle
1 post
Fortinet (NASDAQ: FTNT) plunges 21%. Is recurring revenue the problem?
Fortinet reported 29% billings growth, stronger earnings and record third-quarter operating margins, yet its shares suffered a dramatic selloff. A reduced services forecast, delayed subscription activations and slowing firewall hardware growth explain why investors are questioning the durability of its expansion.
October 29, 2026