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News  ›  The Motley Fool

Why Fortinet Stock Fell Hard Today

The Motley Fool Logo The Motley Fool • •By Chris Neiger
Why Fortinet Stock Fell Hard Today

Fortinet reported strong Q3 results with 14% sales growth and earnings beating estimates, but investors reacted negatively to lower-than-expected Q4 sales guidance, causing the stock to drop.

Insights
GOOGL   positive

Demonstrated technological leadership with Willow quantum computing chip, massive cash flow ($66B), and low-risk investment profile due to diversified business operations


FTNT   negative

Despite beating quarterly revenue and earnings estimates, the stock fell 5.12% due to conservative Q4 sales guidance that was slightly below analyst expectations