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FTNT / Fortinet stock tumbles on 3Q revenue miss; weak outlook

Fortinet shares sank over 20% at the open on Friday after it reported disappointing third-quarter sales and provided 4Q guidance that fell short of expectations as the Secure Networking market experiences slower growth. The cybersecurity company said product demand is returning to normal levels following two years of elevated growth. Read More

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Fortinet

Stock

Tumbles

Revenue

Miss

Weak

Outlook

FTNT

Posted: Nov 3 2023, 10:17

Author Name: Proactive Investors

FTNT News

By The Motley Fool
November 3, 2023

Why Fortinet Stock Is Plummeting Today

Fortinet beat earnings expectations in Q3, but its sales came in lower than anticipated. The company's forward guidance and commentary are also worryi

By Schaeffers Research
November 3, 2023

Fortinet Stock Suffers Another Post-Earnings Collapse

While most of Wall Street cheers freefalling bond yields and jobs data, Fortinet Inc (NASDAQ:FTNT) is sitting out the festivities today.

By CNBC Television
November 3, 2023

Cramer's Stop Trading: Fortinet

CNBC's Jim Cramer explains why he is keeping an eye on shares of Fortinet.

By Proactive Investors
November 3, 2023

Fortinet stock tumbles on 3Q revenue miss; weak outlook

Fortinet shares sank over 20% at the open on Friday after it reported disappointing third-quarter sales and provided 4Q guidance that fell short of ex

By InvestorPlace
November 3, 2023

Why Is Fortinet (FTNT) Stock Down 22% Today?

Fortinet (NASDAQ: FTNT ) stock is taking off on Friday after the company released its earnings report for the third quarter of 2023. That bad news co

By Seeking Alpha
November 2, 2023

Fortinet, Inc. (FTNT) Q3 2023 Earnings Call Transcript

Fortinet, Inc. (NASDAQ:FTNT ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Operator Good day, and thank you for s

By Zacks Investment Research
November 2, 2023

Fortinet (FTNT) Reports Q3 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Fortinet (FTNT) give a sense of how its business performed in the quarter ended September 2023, it might be worth con

By Market Watch
November 2, 2023

Fortinet's stock slides after earnings as guidance misses the mark yet again

Fortinet Inc. whiffed badly with its guidance three months ago, and the company's third-quarter report Thursday brought another disappointment.

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