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Fortinet and Cloudflare Stocks Are Sinking. ‘Uncertainty Is Up’ in Cybersecurity.

Karishma Vanjani
·3 min read
Fortinet and Cloudflare Stocks Are Sinking. ‘Uncertainty Is Up’ in Cybersecurity.

Apple bumper stock-buyback announcement is dominating the tech news, but don’t overlook the trouble in cybersecurity highlighted by Fortinet and Cloudflare earnings. In a call to discuss Cloudflare’s results late Thursday, management earnings used the term “uncertain” at least five times, highlighting geopolitical shifts that have changed customers’ buying behavior. “A lot spooks me right now,” said CEO Matthew Prince.

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