Fortinet beat earnings and raised its revenue outlook but saw its stock drop 26% due to slowing revenue growth and a slight service revenue forecast cut. Similar declines hit F5 and Palo Alto Networks, indicating investors now demand accelerating growth and stable margins rather than just beats. The selloff reflects concerns over price-driven growth and margin pressure. The next key test is Palo Alto's upcoming earnings report, which could confirm if security stocks are priced for perfection.
Fortinet shares dropped sharply by 26.51% on Pluang, trading at USD 127.94 as of Oct 29, 2026 18:12 WIB, reflecting the market's reaction to its earnings despite the raised revenue outlook. F5 and Palo Alto Networks also saw declines, with Palo Alto down 6.97% at USD 366.99, showing cautious sentiment in security stocks on Pluang.
Fortinet's stock dropped about 25% in after-hours trading following its latest earnings report. The cybersecurity company failed to meet high investor expectations driven by AI trends, as its product revenue growth significantly slowed compared to th...
Fortinet reported a strong third quarter in 2026 with revenue up 20% year-over-year to $2.08 billion and product revenue growing 37%. The company raised its full-year 2026 revenue guidance to $8.125-$8.215 billion, driven by demand in AI-related cybe...
Fortinet introduced the FortiLink SASE Service, a cloud-delivered security solution designed to protect small branch offices and remote sites without needing dedicated onsite firewalls. This service connects local networks to FortiSASE via Fortinet W...
