Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Fortinet Stock a Buy Now?

TheMotleyFool

0 0

Fortinet's (NASDAQ: FTNT) stock tumbled 13% on March 7 after the cybersecurity company announced it would suspend its operations in Russia in response to its military invasion of Ukraine. In a statement, Fortinet's founder and CEO Ken Xie said, "We regret the impact this will have on our employees, partners, and customers who are adversely impacted by the actions of the Russian government."

That announcement wasn't surprising since many other American companies have also recently suspended their operations in Russia. So did investors overreact to the news and prematurely flee from Fortinet, which posted a strong top- and bottom-line earnings beat just over a month ago?

Image source: Getty Images.

Source Fool.com

Like: 0

FTNT

Share