(Reuters) – Cybersecurity firm Fortinet cuts annual revenue forecast on Thursday as enterprise spending remains tight amid a turbulent economy.
The company’s shares plunged about 16% in extended trading.
Fortinet said it now expects annual revenue to range between $5.35 billion and $5.45 billion, compared with its prior prediction of $5.43 billion to $5.49 billion.
(Reporting by Yamini Kalia in Bengaluru; Editing by Maju Samuel)
