Shorts appear to have massively jumped in on this CFO departure. Considering the sell off without any real news affecting the company's finances, products, and operations, I believe savvy investors will seize the opportunity to take advantage of the situation. When the shorts take their profits and run, the covering should add a nice impetus to the stocks rise. FTNT could always speed the process up by announcing a stock buyback. It would bolster confidence in the company, and it would directly add to the bottom line. Investing in your own company is often the best investment a company can make.
No buybacks, that would be a big negative not a good thing. Cash, of which they have $900 million, is far and away better used on R&D, smaller acquisitions, employee training or bonuses. Getting rid of cash is not a signof anything other than youreyou're out of ideas.
Will wait for it to turn green before buying more... March calls look good here though.