After-hours trading saw Fortinet and ServiceNow stocks drop sharply despite both companies beating revenue estimates for the September quarter. Fortinet's stock fell 25.7% and ServiceNow's 18.1%, dragging down other software stocks amid concerns over slowing growth in key service areas and cautious future guidance. The selloff reflects ongoing investor worries about high valuations, slowing forward metrics, and the impact of AI on traditional software spending. Recovery depends on stabilizing forward indicators like services revenue and contracted future sales.
Despite the after-hours selloff, Fortinet (FTNT) and ServiceNow (NOW) continue to trade near their 52-week lows on Pluang as of Oct 29, 2026 18:42 WIB, with FTNT at USD 129.00, down 25.90% for the day, and NOW at USD 120.44, down 19.78%. FTNT's price remains closer to its 52-week low of USD 75.23 than its high of USD 194.75, while NOW trades nearer to its low of USD 83.00 compared to its 52-week high of USD 186.94. Pluang order activity shows a stark contrast, with FTNT seeing 100% buy orders and NOW having 93% sell orders, highlighting differing investor sentiment on the platform.
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