Is Fortinet (FTNT) Fully Valued On Its New York Hub Expansion?

Fortinet (FTNT) has drawn fresh attention after committing more than US$60 million to a new 40,000-square-foot Innovation Hub in New York City, a move closely watched by investors tracking its cybersecurity footprint. The fresh New York Innovation Hub announcement lands after a powerful run in Fortinet's stock, with a 30-day share price return of 10.11% and a year-to-date share price gain of 122.73%, while the 3-year total shareholder return of 195.60% points to momentum that has been...