Why Did Fortinet Stock Drop 23% Last Month?
Shares of (NASDAQ: FTNT) dropped 22.5% in August, according to S&P Global Market Intelligence. The company reported quarterly earnings that were roughly in line with investor expectations. However, the cybersecurity leader's outlook had growth investors worried about the next few quarters.
Fortinet's quarterly earnings narrowly beat analyst estimates despite falling just short of Wall Street's revenue forecast. The company's top line rose by 26% over the prior year, which is a respectable rate of expansion. Unfortunately, some of its other metrics were less impressive.
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Source Fool.com
Fortinet Inc. Aktie
67,72 €
-0,09 %
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 67.72 € an.
