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FTNT
76.32
- 0.09%
Fortinet, Inc.
Software

News Sentiment

59m ago
Bullish 45%
Bearish 55%

News Summary

The company's stock declined after a Reuters report indicated Chinese authorities ordered domestic firms to stop using its cybersecurity software, citing national security concerns. This geopolitical pressure weighed on the broader cybersecurity sector. Concurrently, the company received mixed analyst updates, with one firm reiterating a Hold rating and another lifting its price target. Positively, the company announced a major partnership to expand its distribution channel and will participate in the World Economic Forum to discuss cybercrime strategies.
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