TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  The Motley Fool

Why Fortinet Stock Fell Hard Today

The Motley Fool Logo The Motley Fool By Chris Neiger
Why Fortinet Stock Fell Hard Today

Fortinet reported strong Q3 results with 14% sales growth and earnings beating estimates, but investors reacted negatively to lower-than-expected Q4 sales guidance, causing the stock to drop.

Insights
GOOGL   positive

Demonstrated technological leadership with Willow quantum computing chip, massive cash flow ($66B), and low-risk investment profile due to diversified business operations


FTNT   negative

Despite beating quarterly revenue and earnings estimates, the stock fell 5.12% due to conservative Q4 sales guidance that was slightly below analyst expectations