FeiTower Information (FTNT.US) Q1 performance exceeds expectations, growth concerns trigger stock price plunge.
Wisdom Financial APP learned that on May 7th, after the close of trading in the Eastern United States, Fortinet (FTNT.US) released its first-quarter financial report, which showed a significant year-on-year increase in profits, exceeding Wall Street expectations. Despite the optimistic performance of the financial report, the stock still experienced a large drop in after-hours trading, with a 12.25% decrease as of the time of writing. This decline may be attributed to investors' concerns about future growth prospects or broader market trends affecting the technology industry.
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