Fortinet is trading 4.65% up at $164.87 as software and cybersecurity stocks rally after strong Nvidia, Salesforce, and CrowdStrike results.
- The broader technology move has renewed confidence in AI spending and eased concerns that AI could disrupt established software providers; Reuters reported broad gains in software stocks, including Palo Alto Networks.
- Fortinet’s latest listed company news was its August 26 CMMC certification, but no clear company-specific catalyst explains the August 27 move.