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Fortinet Stock Tumbles Again After Earnings. Palo Alto, CrowdStrike Fall, Too.

Por: MarketWatch Business November 03, 2023

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Fortinet’s revenue and billings forecast for the fourth-quarter both fell short of Wall Street’s expectations. Rival (NET) stock jumped 10%, shaking off a premarket decline, despite its own fourth-quarter guidance late Thursday that also was short of expectations. The rest of the sector came under pressure, as (PANW) was 3.4% lower, (CRWD) fell 1% and (ZS) slipped 1.2%. “In our view, the current cyclical downturn is likely to be steeper... + full article



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