---
title: "Fortinet falls 7%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304006160.md"
description: "Fortinet fell 7.15% to US$126.35. Down 31.08% over five sessions and up 59.11% YTD."
datetime: "2026-11-02T20:42:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304006160.md)
  - [en](https://longbridge.com/en/news/304006160.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304006160.md)
generator: "portal-rs"
---

# Fortinet falls 7%

Fortinet (FTNT.US) fell more than **7%** during regular trading to **$126.35**.

The stock is down 31.08% over the past five sessions and up 59.11% year to date. It sits 35.91% below its 52-week high of US$197.13.

The Nasdaq Composite is down 3.80% over the past five sessions and up 8.31% year to date.

The systems software industry index fell 3.4% over the same period.

Third-quarter revenue rose 20% year-over-year to $2.08 billion, though product revenue growth slowed to 37% from 52%. The company also cut its full-year service revenue forecast, and shares have declined about 25% since the earnings report.

Citi and Rosenblatt Securities subsequently lowered their price targets. Citi reduced its target to $140 from $185 while maintaining a Neutral rating.

Based on public media reports. AI-generated; not investment advice.

### Related Stocks

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

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- [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.**