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
68,41 €
-1,73 %
Die Community bevorzugt leicht Fortinet Inc. mit mehr Buy- als Sell-Einschätzungen.
Bei einem Kursziel von 103 € ergibt sich ein stark positives Potenzial von 50.56% für Fortinet Inc. im Vergleich zum aktuellen Kurs von 68.41 €.
