Fortinet's Trading Volume Surges to $786 Million, Ranked 173rd Despite 8.81% Stock Price Decline

On April 3, 2025, Fortinet's trading volume reached $786 million, marking a significant increase of 134.43% compared to the previous day. This surge placed Fortinet at the 173rd position in terms of trading volume for the day. However, the stock price of Fortinet experienced a decline of 8.81%.

Fortinet's stock price has been under pressure due to its heavy reliance on manufacturing in Taiwan. According to Essex, approximately 95% of Fortinet's hardware is produced in Taiwan, making the company highly vulnerable to tariffs imposed on the region. This dependency on Taiwanese manufacturing poses a significant risk to Fortinet's margins, as any increase in tariffs could lead to higher production costs and reduced profitability.