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
140,34 €
4,79 %
Gleichmäßige Verteilung der Meinungen bei der Fortinet Inc. Aktie zwischen Buy- und Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Fortinet Inc. von 63 € impliziert einen Rückgang gegenüber dem aktuellen Kurs von 140.34 €.
