Fortinet stock plunges 20.1% after third quarter earnings
Shares closed at $139.10, 29.4% below the 52-week high, on volume 4.3 times the recent average.
Fortinet (FTNT) shares plunged 20.1% to $139.10 on Thursday after the company reported third quarter earnings, reports say.
The company beat estimates for the quarter, though its earnings call pointed to pressure on the business.
The close leaves the stock 29.4% below its 52-week high of $197.13. Volume was 4.3 times the recent average, while the S&P 500 slipped 0.3% the same day. Shares are still up 65.2% over the past year.
FTNT on StocksXray
Last close139.10
Today−20.09%
X-Ray Score62
Fair valueFair
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