Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
BUZZ-Cybersecurity stocks fall after Fortinet highlights slowing product growth

BUZZ-Cybersecurity stocks fall after Fortinet highlights slowing product growth

路透社路透社2026/10/29 10:46
Show original

- ** Cybersecurity company shares fall after Fortinet reports slowdown in year-on-year product revenue growth

** Fortinet FTNT.O shares plunged by 26.6% after reporting third-quarter (link) product revenue growth of 37% year-on-year (down from 52% in the previous quarter)

** The company also lowered its fiscal 2026 service revenue forecast from the previous $5.18 billion–$5.22 billion to $5.15 billion–$5.17 billion

** Crowdstrike CRWD.O fell 6.3%, Palo Alto PANW.O dropped 6.9%, Zscaler ZS.O declined 7.1%

** Okta OKTA.O, SailPoint SAIL.OL, and SentinelOne S.N all fell by about 6%

** Rubrik RBRK.N fell 6.3%, Rapid7 RPD.O dropped 4%


(To facilitate non-English speakers, Reuters provides automated translations of its reports into several other languages. As automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of the translated text. The automatic translation is provided solely for the convenience of readers. Reuters accepts no liability for any damage or loss caused by the use of automated translation services.)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Starbucks (SBUX.US) Q4 U.S. business recovers beyond expectations, new fiscal year growth guidance slows to 4%

Starbucks reported Q4 revenue of $9.14 billion, falling short of expectations. Same-store sales in the U.S. rose by 7.7%. Adjusted EPS was $0.80, exceeding forecasts.

智通财经•2026/10/29 22:56

Report: ECB officials tend to favor a rate hike in December, with inflation outlook being the key variable

According to media reports, officials from the European Central Bank generally believe that, based on current data and the economic impact of the Middle East war, if the inflation situation does not improve, the European Central Bank will raise interest rates by 25 basis points in December. Currently, the market is pricing an 85% probability of a 25 basis point rate hike by the ECB in December. Analysts note that although the ECB has left room for another rate increase in December, the Governing Council is laying the groundwork to end the current tightening cycle.

华尔街见闻•2026/10/29 22:36