Why Fortinet Stock Rose 28.6% During the First Half of the Year
Shares of Fortinet (NASDAQ: FTNT) rose 28.6% during the first half of 2020, according to data from S&P Global Market Intelligence. The cybersecurity company was helped by the work-from-home environment, as enterprises sought to secure their communications from the threat of increased attacks seeking to take advantage of the COVID-19 pandemic.
Not only that, but Fortinet delivered a first quarter earnings report in May that handily beat expectations, after introducing a noteworthy new firewall product.
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Source Fool.com
