Fortinet slashes annual revenue forecast, shares plummet

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Cybersecurity firm Fortinet cuts annual revenue forecast on Thursday as enterprise spending remains tight amid a turbulent economy.The company's shares plunged about 16 per cent in extended trading.Fortinet said it now expects annual revenue to range between $5.35 billion and $5.45 billion, compare

Cybersecurity firm Fortinet cuts annual revenue forecast on Thursday as enterprise spending remains tight amid a turbulent economy.Fortinet said it now expects annual revenue to range between $5.35 billion and $5.

45 billion, compared with its prior prediction of $5.43 billion to $5.49 billion.

Source: News Formal (newsformal.com)

 

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