THE DAY, IN CONTEXTPolaris InsightsAn AI-powered comprehensive news portal

POLARIS INSIGHTS

This Cybersecurity Stock Just Had Its Worst Day in Years. Is It a Buying Opportunity?

Fortinet (NASDAQ: FTNT) reported third-quarter results on Wednesday that beat expectations on the top and bottom lines. Revenue grew 20% year over year to $2. 08 billion, and adjusted earnings per share of $0. 91 topped the $0. 86 analysts expected. The cybersecurity company also raised its full-year billings guidance for the third time this year and added $1. 2 billion to its buyback authorization.

Read the full account of the story

More from the Markets desk

More from Markets · Back to Polaris Insights