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Market Impact: 0.35
Fortinet Tumbles 20% as Service Revenue Forecast Cut Overshadows Beat; Palo Alto Drops 5%, CrowdStrike Falls 4%
Source: 247wallst.com
Corporate EarningsCorporate Guidance & OutlookCybersecurity & Data PrivacyMarket Technicals & Flows
Fortinet’s lowered service revenue forecast is overshadowing an earnings beat and higher billings outlook. Shares sold off after a big run, weighing on other cybersecurity stocks; the article provides no figures for the forecast change or market moves.
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