Why Fortinet Stock Rose 29.2% in May
Shares of Fortinet (NASDAQ: FTNT) rose 29.2% in May, according to data from S&P Global Market Intelligence. The cybersecurity company is clearly benefiting from concerns that criminals might use the COVID-19 pandemic as an opportunity to penetrate large corporations as key employees began working from home instead of going to the office.
The positive effect on Fortinet's business was reflected in its first-quarter earnings report, which came out in May and handily beat expectations.
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Source Fool.com
