💨 Abstract

Fortinet, a cybersecurity firm, saw its shares drop 8% in extended trading due to a Q4 revenue forecast that fell short of investor expectations. High-interest rates and economic uncertainty are dampening enterprise spending, while competition from larger companies like Palo Alto Networks is constraining smaller firms' growth. In September, Fortinet reported a data breach involving a small number of customers' files, but no malicious activity was detected.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖