Is It Too Late to Buy Fortinet Stock?
's (NASDAQ: FTNT) stock dropped 12% on Nov. 3 after the cybersecurity specialist posted a mixed third-quarter report. Its revenue rose 16% year over year to $1.33 billion but missed analysts' estimates by $20 million. Its adjusted earnings grew 24% to $0.41 per share and cleared the consensus forecast by $0.05 per share.
Fortinet's headline numbers weren't terrible, but the company rattled shareholders with a big reduction in its full-year guidance. Does that warning indicate it's too late to buy Fortinet's stock?
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Source Fool.com
Fortinet Inc. Stock
€67.55
0.720%
With 33 Buy predictions and 3 Sell predictions Fortinet Inc. is one of the favorites of our community.
With a target price of 70 € there is a slightly positive potential of 3.63% for Fortinet Inc. compared to the current price of 67.55 €.
