Geopolitics Alpha

Tech stocks hit hard after Samsung, Fortinet, and ServiceNow miss earnings

Published . Updated .

GEOPOLITICS ALPHATech stocks hit hard afterSamsung, Fortinet, and ServiceNowmiss earningsSSNLFFTNTNOWGEOPOLITICS ALPHA

This report is about the broad US market.

Directly affected

  • SSNLF Samsung Electronics (KRX: 005930)

    Named in this report.

  • FTNT Fortinet+1.0% 30d

    Named in this report.

  • NOW ServiceNow+5.3% 30d

    Named in this report.

Indirectly affected

  • DIA SPDR Dow Jones Industrial Average ETF-1.7% 30d

    SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.

  • QQQ Invesco QQQ+2.3% 19d

    Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.

  • 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+5.2% 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-2.1% 18d

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

  • AAPL Apple+2.0% 30d

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

  • CSCO Cisco Systems+0.1% 30d

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

  • DELL Dell Technologies

    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
SSNLFNon-US listing (OTC); price checks may stay empty———————
FTNT-0.71%+5.24%base-22.66%after closeafter closeafter close
NOW+4.74%+5.51%base-24.72%after closeafter closeafter close
DIANo price data for this ticker———————
QQQ-2.90%-1.86%base-1.64%after closeafter closeafter close
XLKNo price data for this ticker———————
PANWNo price data for this ticker———————
LOGINo price data for this ticker———————
AAPLNo price data for this ticker———————
CSCONo price data for this ticker———————
DELLNo price data for this ticker———————

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.

Market Call

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Tech stocks hit hard after Samsung, Fortinet, and ServiceNow miss earnings Yahoo Finance

Source: Yahoo Finance

This story

CompanyWhenMoveStatus
FTNTthat day-22.66%still updating
FTNTthree days earlier+5.24%final price
FTNTfive days earlier-0.71%final price
NOWthat day-24.72%still updating
NOWthree days earlier+5.51%final price
NOWfive days earlier+4.74%final price
QQQthat day-1.64%still updating
QQQthree days earlier-1.86%final price
QQQfive days earlier-2.90%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100Price not final

“Tech stocks hit hard after Samsung, Fortinet, and ServiceNow miss earnings” scores 12 out of 100. The score uses 1 sources. The price is not final yet.