Fortinet reported better-than-expected earnings for the third quarter, but its stock dropped as analysts raised concerns about the future growth of its firewall business, a key revenue driver. The selloff suggests investors are cautious about whether the company can sustain its recent momentum. This signals a potential turning point for Fortinet's core business, which could impact its stock performance going forward.
Fortinet's stock on Pluang dropped sharply by 23.39% to USD 133.37 as of Oct 29, 2026 20:41 WIB, moving closer to its 52-week low of USD 75.23 and well below its 52-week high of USD 194.75. This decline contrasts with a fully buy-side order activity on Pluang, indicating strong investor interest despite the price fall. The stock's current price sits in the lower half of its yearly range, reflecting market caution about its future growth.
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Fortinet's stock fell 20% after it reported Q3 earnings that beat expectations and raised its billings outlook, but lowered its full-year service revenue forecast. The company explained the slower service revenue growth as a timing issue with large c...
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F5 and Fortinet both reported better-than-expected quarterly earnings and revenue but saw their stocks drop sharply—F5 fell 20% and Fortinet about 26%. Despite strong year-to-date gains, cautious guidance and concerns over slowing hardware refresh cy...
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 gro...
