Fortinet (FTNT) showed a strong Q3 performance, surpassing earnings and revenue estimates, however, the cybersecurity stock fell due to lower-than-expected Q4 revenue guidance. Despite the strong financials, there are ongoing class-action lawsuits against the firm, though no details have been given about these claims. The company also debuted a new product, the FortiGate 3800G designed for AI data centers. Some analysts, like JP Morgan and RBC Capital, maintain a 'Hold' or 'Neutral' recommendation on the stock, while price targets have been lowered by multiple groups including JP Morgan and Mizuho. The shares of Fortinet have been purchased by various asset management companies and shareholders have been urged to lead securities fraud lawsuits. It's reported that Fortinet's CFO, Keith Jensen, sold some of his shares. Furthermore, Fortinet has extended its partnership with Armis and has issued FY 2025 earnings guidance suggesting a forecast between $72 and $100. Lastly, one report suggested that Fortinet's movements might signal an undervalued opportunity.
Fortinet FTNT News Analytics from Fri, 26 Sep 2025 07:00:00 GMT to Sat, 08 Nov 2025 14:08:54 GMT -
Rating -1
- Innovation 0
- Information 7
- Rumor -5
