Fortinet (FTNT) Stock Price Drops After Q3 Results Miss Services Mark
Fortinet entered this Q3 2026 report with a rich 43.7x trailing P/E and a stock that has drifted down about 24% over the past month. That is not the setup investors typically want ahead of a closely watched cybersecurity update. The headline result is clear: revenue reached US$2.08b and basic earnings per share were US$0.87, while the share price slipped another 2.2% to US$136.08 on the day. The market marked the stock down, even as the company reported another quarter of profit and cash...
Fortinet entered this Q3 2026 report with a rich 43.7x trailing P/E and a stock that has drifted down about 24% over the past month. That is not the setup investors typically want ahead of a closely watched cybersecurity update. The headline result is clear: revenue reached US$2.08b and basic earnings per share were US$0.87, while the share price slipped another 2.2% to US$136.08 on the day. The market marked the stock down, even as the company reported another quarter of profit and cash...
What's Your Reaction?
