Fortinet shares are trading lower after the company reported mixed Q3 financial results and issued Q4 and FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Fortinet reported mixed Q3 financial results and issued Q4 and FY23 revenue guidance below estimates, causing its shares to trade lower.
November 02, 2023 | 8:28 pm
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Fortinet's shares are trading lower due to mixed Q3 results and lower than expected Q4 and FY23 revenue guidance.
Fortinet's lower than expected revenue guidance for Q4 and FY23 indicates potential challenges in the company's growth, which is likely causing investor concern and leading to a drop in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100