Fortinet plunges even after beating third quarter estimates.
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Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $139.10 29 Oct 2026Current $139.10 29 Oct 2026Result +$0.00vs. index +0.0% SPY +0.0% over the same days
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Surrounding source transcript
…n taking a nice long look at that because I kind of think this thing's a little bit overdone. >> Well, uh, Pete, that one Fortnet was 84 bucks back in April. >> Um, it hit almost 200 just in early October. Uh, so this is a very steep fall. So I have to agree with my bro. Um, I would be looking to enter, not to exit, right at this price. [music] I'm glad I didn't enter last night, but um, down 22%. Yeah, I'm interested.
So I have to agree with my bro. Um, I would be looking to enter, not to exit, right at this price.
AI-extracted context >> Um, it hit almost 200 just in early October. Uh, so this is a very steep fall. So I have to agree with my bro. Um, I would be looking to enter, not to exit, right at this price. [music] I'm glad I didn't enter last night, but um, down 22%. Yeah, I'm interested.
Full Transcript
Fortnite. Um, this one plunging despite the fact that they beat on their Q3. I mean, these guys had adjusted revenue of uh better than expected 86 cents. They they expected it came in at 91 cents. That's a nice beat. Um, they also had uh revenue beats, but it was not so substantial that it could overcome the run that this one had had. And for that reason, boy, it's down like 22% today, Pete. >> Yeah, it it really is getting hammered, John. And I, you know, this is one of those where for me anyway, I look at it as a little bit overdone in this case. So, I'll tell you what would make me pounce it would be sometime in the very near future if this stock is still trading around the, you know, where it is right now, which is all the way back towards May before you could find it close to this level at about 130, a little bit more than that, 135. But I look at the numbers, John, overall and and I look at it and I I get it. There are some things people get a little bit too uh wound up about, maybe, but um the services revenue is a lot of what people were pointing the finger. Well, you know, this was down 13%. Yeah. Well, I can also give you a lot of things that they not only raised, but their their revenue was up 37%. The the total revenue was up that much, but you got the service revenue, which is just a sector um that that people are are going off this. The billings were up 29%. I mean, so you look at all this and all of a sudden you see people cutting their targets and all the rest of it. I'll tell you what, if if there were unusual option activity now, John, post this earnings, um, I would be very very curious and interested in taking a nice long look at that because I kind of think this thing's a little bit overdone. >> Well, uh, Pete, that one Fortnet was 84 bucks back in April. >> Um, it hit almost 200 just in early October. Uh, so this is a very steep fall. So I have to agree with my bro. Um, I would be looking to enter, not to exit, right at this price. [music] I'm glad I didn't enter last night, but um, down 22%. Yeah, I'm interested.
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