Episode 28: Fortinet Stock Crash – What Happened? Lessons Learned? 2023 Tech Updates!

One of the leading cybersecurity stocks Fortinet (FTNT) crashed 25% following earnings and an update on 2023 guidance. Chip Stock Investor breaks down what happened, why the market reacted so negatively, and what should be looked for going forward. Additionally, Nvidia (NVDA) and AI hype could be at play here. While Fortinet didn’t mention this or blame anyone for its guidance missteps, Nick and Kasey discuss how events in one area of an industry can create ripple effects into other seemingly unrelated parts of the market. And finally, Nick provides his breakdown of expectations to arrive at what could make Fortinet stock a fair value today. If you’re interested in cybersecurity stocks, this is a must-watch video from Chip Stock Investor! If you feel so inclined please show your support here by fueling our caffeine addiction 👇☕ ⁠https://ko-fi.com/chipstockinvestor⁠ Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. Nicholas Rossolillo owns shares of Fortinet.