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
69,93 €
1,27 %
Mehr Buy- als Sell-Zahlen bei Fortinet Inc. zeigen ein leicht positives Sentiment.
Bei einem Kursziel von 106 € für Fortinet Inc. deutet sich eine Steigerung von über 50% vom aktuellen Kurs von 69.93 € an.
