Fortinet Invests In SASE, SecOps Amid Network Security Slump

Fortinet's Stock Falls to Lowest Price Since January As Product Revenue Declines
Fortinet plans to shift its R&D and go-to-market investments to the faster-growing SASE and security operations segments as growth slows in the network security market. The company expects "more modest growth" in the near-term given that 70% of Fortinet's billings today come from network hardware.

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