Is It Too Late to Buy Fortinet Stock?
's (NASDAQ: FTNT) stock plunged 25% on Aug. 4, after the company posted a mixed second-quarter earnings report. The cybersecurity company's revenue rose 25% year over year to $1.29 billion, narrowly missing analysts' estimates by $10 million, but its adjusted earnings grew 58% to $0.38 per share and cleared the consensus forecast by $0.04.
Fortinet's headline numbers looked healthy, but an unexpected reduction to its full-year revenue forecast rattled the bulls and sparked a broad sell-off across the cybersecurity sector. Does that grim warning suggest it's too late to buy Fortinet?
Image source: Getty Images.
Source Fool.com
Fortinet Inc. Aktie
67,78 €
1,20 %
Die Fortinet Inc. Aktie steht gut da: Deutlich mehr Buy- als Sell-Einschätzungen in der Community.
Das Kursziel von 70 € für Fortinet Inc. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 67.78 € an.
