Fortinet Beats Estimates, Then Plunges About 25% After Hours
Cybersecurity firm Fortinet reported third-quarter revenue of $2.08 billion, up 20%, and adjusted earnings of 91 cents a share, ahead of the 86 cents expected. But growth slowed from 26% the quarter before and it cut its full-year service-revenue outlook to $5.15-5.17 billion. Shares fell roughly 25% in extended trading Wednesday, dragging rival cybersecurity stocks lower.
What’s confirmed
- Cybersecurity firm Fortinet reported third-quarter revenue of $2.08 billion, up 20%, and adjusted earnings of 91 cents a share, ahead of the 86 cents expected.
- But growth slowed from 26% the quarter before and it cut its full-year service-revenue outlook to $5.15-5.17 billion.
- Shares fell roughly 25% in extended trading Wednesday, dragging rival cybersecurity stocks lower.
Confirmed by 3 independent outlets: Barron’s, SiliconANGLE and Benzinga.
What would move the score
- Now: 93% with 3 independent confirmations plus the primary source.
- Up: more independent outlets or primary records confirming the core claim.
- Down: a counted source correcting or walking back its report, or new evidence that weakens the claim.
Any change is logged below with the time and the old and new score. Corrections policy
Confirmation record
Plus the primary source: Fortinet’s Q3 2026 earnings press release.| ✓ | Barron’s Counted https://www.barrons.com/articles/fortinet-earnings-stock-price-d8c6d982 |
| ✓ | SiliconANGLE Counted https://siliconangle.com/2026/10/28/fortinet-plunges-26-after-hours-and-takes-tenable-with-it-as-gen-digital-rises/ |
| ✓ | Benzinga Counted https://www.benzinga.com/trading-ideas/movers/26/10/62679877/cybersecurity-stocks-drop-after-hours-heres-why |
| · | Primary source Plus the primary source: Fortinet’s Q3 2026 earnings press release. https://www.fortinet.com/corporate/about-us/newsroom/press-releases/2026/fortinet-reports-third-quarter-2026-financial-results |
Updated / Corrected log
- Published at 93% with 3 independent confirmations.
Card video
TruthRank card · narrated, captions availableAny correction is logged here with its time and the reason. See our corrections policy.
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