Why Fortinet Stock Fell Hard Today
Shares of (NASDAQ: FTNT), a cybersecurity company, tumbled today after the company reported its third-quarter results. Fortinet beat Wall Street's consensus revenue and earnings estimates for the quarter, but investors latched onto the company's fourth-quarter sales guidance, which was lower than expected.
As a result, Fortinet stock was down by 6.3% as of 1:56 p.m. ET.
Image source: Getty Images.
Source Fool.com
Fortinet Inc. Aktie
73,02 €
1,12 %
Gleichstand bei Fortinet Inc.: 12 Buy-Einschätzungen entsprechen 10 Sell-Einschätzungen.
Das Kursziel von 70 € liegt unter dem aktuellen Kurs von 73.02 € für Fortinet Inc., führt aber zu einem negativen Potenzial von -4.14%.
