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
68,08 €
1,60 %
Derzeit ist die Community gegenüber der Fortinet Inc. Aktie mit 15 Buy-Einschätzungen und 6 Sell-Einschätzungen positiv gestimmt.
Eine Steigerung von über 20% ist für Fortinet Inc. möglich, angesichts eines Kursziels von 97 € gegenüber 68.08 €.
