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
€71.30
0.810%
Our community is currently high on Fortinet Inc. with 26 Buy predictions and 5 Sell predictions.
As a result the target price of 99 € shows a positive potential of 38.85% compared to the current price of 71.3 € for Fortinet Inc..
