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
€70.03
-0.380%
Currently there is a rather positive sentiment for Fortinet Inc. with 18 Buy predictions and 5 Sell predictions.
With a target price of 106 € there is a hugely positive potential of 51.36% for Fortinet Inc. compared to the current price of 70.03 €.
