The KAMIKAZE PLUNGE of FTNT's stock price is a reflection that it is a business that's no longer of any relevance nor importance to the Cybersecurity Industry, having been lagging behind all of it's competitors in likes of Palo Alto, CrowdStrike and even Palantir. The investors are no longer fooled by all of it's (in my opinion) window dressing of numbers for the longest time from quarter to quarter. It is now considered a legacy or a so called 'DINOSAUR' Cybersecurity Solution with no sense of director AI unlike it's competitors like Palantir. Make no mistake nor have the belief that it will rise to it's former days of high valuation, especially with an aging CEO & Founder along with his Co-founding younger brother still holding on the positions even though they are both no longer effective nor relevant. This compounded with likely an equally weak/ useless board and worst, probably bunch of brown nosed executives who might be afraid to tell the 'Emperor' that he is now 'NAKED'! 🤣. Finally, my sympathies and condolences 💐 to those who have been hoodwinked and taken on this crazy downward ride. For me, I would sell out all my position and short FTNT until it goes 6 feet under in the coffin ⚰️ and buried to maximize my profit.
Fortinet Down Over 27%, on Pace for Record Percent Decrease -- Data Talk
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