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
€67.87
-1.350%
Currently there is a rather positive sentiment for Fortinet Inc. with 14 Buy predictions and 9 Sell predictions.
With a target price of 76 € there is a slightly positive potential of 11.98% for Fortinet Inc. compared to the current price of 67.87 €.
