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 the previous quarter. This decline has impacted broader cybersecurity stocks, signaling a potential cooling in the sector's rapid growth. Investors will be watching closely to see how Fortinet adjusts its strategy moving forward.
Fortinet's stock on Pluang is trading at USD 129.20, down 30.16% as of Oct 29, 2026 06:31 WIB, reflecting a sharper decline than the after-hours drop mentioned in the article. The stock's market cap stands at $135.74 billion, indicating its significant size in the technology sector. Despite the sell-off, Pluang order activity shows 100% buy interest, with a typical hold time of 72 days among investors.
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...
