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.
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Source Fool.com
Fortinet Inc. Stock
€65.38
-4.530%
Based on 9 Buy predictions and 10 Sell predictions the sentiment towards Fortinet Inc. is rather balanced.
However, we have a potential of 7.07% for Fortinet Inc. as the target price of 70 € is above the current price of 65.38 €.
