Fortinet's quarterly revenue forecast disappoints, shares fall
Portfolio Pulse from
Fortinet's fourth-quarter revenue forecast did not meet investor expectations, resulting in an over 8% drop in its share price during extended trading.
November 07, 2024 | 10:15 pm
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NEGATIVE IMPACT
Fortinet's fourth-quarter revenue forecast was below investor expectations, causing its shares to fall by over 8% in extended trading.
The disappointing revenue forecast directly impacted investor sentiment, leading to a significant drop in Fortinet's share price. This suggests a negative short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100