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Down Nearly 30% This Year, Is Fortinet Stock a Buy?

TheMotleyFool

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Down Nearly 30% This Year, Is Fortinet Stock a Buy?: https://g.foolcdn.com/editorial/images/700103/cybersecurity.jpg

Cybersecurity stocks have been hot this year, with some of them putting up positive returns even as the bear market of 2022 wreaks havoc on investors.

Fortinet (NASDAQ: FTNT) was one of these stocks beating the market over the last 12-month stretch -- at least, it was up until the second-quarter 2022 earnings report. Revenue growth slowed a bit, and investors were also disappointed with a dip in one particular profitability metric. Share prices of the cybersecurity leader are now down 14% over the last year, and down 28% so far in 2022.

So is Fortinet stock still a buy after the recent sell-off?

Source Fool.com

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