---
title: "Jay Woods Sees Fortinet Pullback as Swing-Trade Opportunity"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/303993231.md"
description: "According to CNBC, Jay Woods of Chase Games said Fortinet posted a beat-and-raise last week, but shares fell amid slower product growth and a reduced services outlook. Woods identified Thursday’s $127.40 low as support and said a break below it could expose the stock to further weakness toward $110. He is looking to buy around $132, with a potential rebound target of $155 to $160 over the coming months. Woods estimated the trade could return 15% to 20% over the coming weeks."
datetime: "2026-11-02T17:11:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/303993231.md)
  - [en](https://longbridge.com/en/news/303993231.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/303993231.md)
generator: "portal-rs"
---

# Jay Woods Sees Fortinet Pullback as Swing-Trade Opportunity

According to CNBC, Jay Woods of Chase Games said Fortinet posted a beat-and-raise last week, but shares fell amid slower product growth and a reduced services outlook. Woods identified Thursday’s $127.40 low as support and said a break below it could expose the stock to further weakness toward $110. He is looking to buy around $132, with a potential rebound target of $155 to $160 over the coming months. Woods estimated the trade could return 15% to 20% over the coming weeks.

### Related Stocks

- [FTNT.US](https://longbridge.com/en/quote/FTNT.US.md)

## Related News & Research

- [Fortinet, Inc. $FTNT Position Boosted by Compass Financial Management LLC](https://longbridge.com/en/news/304415244.md)
- [Fortinet Teams Up With Equinix to Secure Distributed AI Workloads](https://longbridge.com/en/news/304469581.md)
- [Fortinet Q3 2026 Earnings Call Transcript](https://longbridge.com/en/news/303459576.md)
- [Birinyi Associates Inc. Acquires 24,266 Shares of Fortinet, Inc. $FTNT](https://longbridge.com/en/news/303824444.md)
- [These Analysts Slash Their Forecasts On Fortinet After Q3 Results](https://longbridge.com/en/news/303569657.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**