Fortinet stock slides 2.09% and underperforms rivals

7 articles · Updated · MarketWatch · Apr 30

Shares closed at $84.31 on Thursday as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
The decline ended a four-day winning streak and left the cybersecurity company's stock 22.88% below its 52-week high of $109.33 reached on 5 May.
Fortinet lagged Cisco, whose shares rose 2.15%, while CrowdStrike and Palo Alto Networks also fell; trading volume of 5.8 million was slightly below its 50-day average.

With insiders selling and flaws exposed, can Fortinet's strong growth overcome a crisis of trust?

Is Fortinet's hardware advantage becoming a liability in the new era of cloud-native AI security?