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 03, 2023 | 1:17 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 future performance. This negative outlook is likely to impact investor sentiment and cause a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
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