Fortinet stock's (NASDAQ: FTNT) year went from bad to worse after the company released its third-quarter earnings report on Nov. 2, as investors decided to overlook the company's terrific growth and guidance and instead decided to sell.

Shares of the cybersecurity specialist fell sharply following its quarterly report. However, a closer look indicates that investors may have overreacted.

Fortinet's Q3 revenue shot up 33% year over year to $1.15 billion, driven by impressive growth in both the product and the services segments. Fortinet CEO Ken Xie said  on the earnings conference call that the company's revenue grew at a faster pace than the cybersecurity industry, which means it ended the quarter with a bigger share of the market.

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Source Fool.com