Fortinet Shares Plunge Up to 27% Despite Strong Earnings
Fortinet shares fell up to 27% in Thursday premarket trading, putting the stock on track to revisit levels last seen in late May. The selloff followed the company’s third-quarter results; analysts flagged slowing product growth and services headwinds.
Fortinet (FTNT) shares plunged up to 27% in Thursday's premarket trading, putting the stock on track to revisit levels last seen in late May, a five-month low.The selloff came despite the cybersecurity company reporting strong third-quarter earnings on Wednesday, with both revenue and adjusted earn…