Data BreachFortinet confirmed it experienced a data breach in response to inquiries from Bleeping Computer after a threat actor posted on a hacking forum, claiming to have stolen data from FTNT’s Azure SharePoint server.
IT SpendingThe IT spending backdrop remains soft, which doesn't help FTNT’s cause.
Revenue DependencyOne distributor accounted for 30% of FTNT's total revenue, indicating a high dependency on a single distributor.