Geopolitics Alpha

Fortinet shares plunge 25% despite earnings beat

Published . Updated .

GEOPOLITICS ALPHAFortinet shares plunge 25% despiteearnings beatFTNTGEOPOLITICS ALPHA

This report does not map to a usual set of affected companies.

Directly affected

  • FTNT Fortinet+7.7% 30d

    Named in this report.

Indirectly affected

  • XLK Technology Select Sector SPDR+9.1% 16d

    Technology Select Sector SPDR holds the technology sector that Fortinet belongs to, so it often moves with news about it.

  • PANW Palo Alto Networks+6.9% 30d

    Palo Alto Networks is a peer of Fortinet in computer peripheral equipment; rivals often move on the same news.

  • LOGI Logitech International S.A+11.5% 17d

    Logitech International S.A is a peer of Fortinet in computer peripheral equipment; rivals often move on the same news.

  • AAPL Apple+4.4% 30d

    Apple is a large technology company like Fortinet; big names in a sector often move together.

  • CSCO Cisco Systems+3.4% 30d

    Cisco Systems is a large technology company like Fortinet; big names in a sector often move together.

  • DELL Dell Technologies-10.9% 30d

    Dell Technologies is a large technology company like Fortinet; big names in a sector often move together.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FTNT-0.71%+5.24%baseafter closeafter closeafter closeafter close
XLKPrices arriving within minutes———after closeafter closeafter closeafter close
PANWPrices arriving within minutes———after closeafter closeafter closeafter close
LOGIPrices arriving within minutes———after closeafter closeafter closeafter close
AAPLPrices arriving within minutes———after closeafter closeafter closeafter close
CSCOPrices arriving within minutes———after closeafter closeafter closeafter close
DELLPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Fortinet shares plunge 25% despite earnings beat CTech

Source: CTech

This story

CompanyWhenMoveStatus
FTNTthree days earlier+5.24%final price
FTNTfive days earlier-0.71%final price

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How solid “Fortinet shares plunge 25% despite earnings beat” looks

12 out of 100

“Fortinet shares plunge 25% despite earnings beat” scores 12 out of 100. The score uses 1 sources.