Why This Cybersecurity Stock Is Today’s Worst S&P 500 Performer
In This Article:
Although Fortinet better-than-expected financial results had plenty of positives—a record operating margin and a 14% jump in revenue from last year—investors weren’t impressed. On Wednesday, Fortinet which sells security services to businesses, posted solid numbers for the first three months of the year. Adjusted earnings of 58 cents a share beat analysts’ consensus estimate of 53 cents, and the company’s operating margin of 34% was a first-quarter record.