Q3 services growth slowed to 13% against 37% for products, and a trimmed service revenue forecast drove the sell-off.
read the report →FTNT
Fortinet
Fortinet is a cybersecurity company in the Software - Infrastructure industry. Its products include the FortiOS operating system, FortiASIC security processors, FortiCloud SaaS, FortiAI, FortiEndpoint and OT Security.
Price history
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Every session it moved
newest firstFortinet cut full-year service revenue guidance to $5.15bn to $5.17bn from $5.18bn to $5.22bn and the stock fell 20.09%.
read the report →Q3 revenue growth slowed to 20% from 26% and the service revenue forecast was cut, sending shares down sharply after hours.
read the report →Sector selloff after a Palo Alto PAN-OS zero-day pulled FTNT down 7.03% to $169.13 on 16 October, with no Fortinet news.
read the report →Shares surged due to a cybersecurity sector rotation sparked by Wall Street research highlighting demand for agentic AI security.
read the report →The stock surged following CrowdStrike's blowout earnings report and Fortinet Federal achieving CMMC Level 2 certification.
read the report →Fortinet shares surged due to strong Q2 earnings from peer CrowdStrike, along with achieving U.S. DoD CMMC Level 2 certification.
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