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
69,71 €
-0,46 %
Die Fortinet Inc. Aktie ist etwas beliebter: Mehr Buy- (18) als Sell-Einschätzungen (4).
Die Community erwartet für Fortinet Inc. ein Kursziel von 107 €, was eine Steigerung von über 50% gegenüber 69.71 € bedeuten würde.
