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
€140.34
4.790%
With 16 Buy predictions and 16 Sell predictions the community is currently undecided on Fortinet Inc..
A target price of 63 € results in a potential of -55.11% which would mean heavy losses compared to the current price of 140.34 € for Fortinet Inc..
