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At close · Wed, Oct 28, 2026
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Breaching the Valuation: The Real Reason Fortinet Dropped

Reported · Written up by our desk · Results

Fortinet shares fell about 26% after Q3 2026 earnings showed strong revenue and margins but slower service revenue growth versus hardware, prompting analyst downgrades and price target cuts.

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Sources

MarketBeat RatingsBreaching the Valuation: The Real Reason Fortinet Dropped

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