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
€72.43
-0.290%
With 11 Buy predictions and 10 Sell predictions the community is currently undecided on Fortinet Inc..
On the other hand, the target price of 70 € is below the current price of 72.43 € for Fortinet Inc., so the potential is actually -3.35%.
