Fortinet Inc. whiffed badly with its guidance three months ago, and the company’s third-quarter report Thursday brought another disappointment.
Shares were off 17% in after-hours trading Thursday. The stock had seen a 25% post-earnings drop when Fortinet posted second-quarter results in early August, which made for the stock’s worst single-day percentage drop on record.See also: CrowdStrike’s and Zscaler’s stocks are top plays in rocky cybersecurity market, analyst says
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