US stocks shock | Growth concerns trigger stock price plunge, Fire Tower Information (FTNT.US) dropped over 12%

According to the Wise Finance APP, on Thursday, shares of Fortinet Inc. (FTNT.US) opened weak and plunged over 12%, reaching $93.79. On the news front, the company's first-quarter revenue increased by 13.7% from last year's $1.353 billion to $1.539 billion, meeting market expectations. The company's net profit increased by 44.8% year-on-year to $433.4 million, with earnings per share of $0.56. In comparison, in the same period last year, the net profit was $299.3 million and earnings per share were $0.39. Despite the positive financial performance, the stock still plummeted after the opening. This decline may be attributed to investors' concerns about future growth prospects or the broader market trends affecting the technology industry.