Fortinet Inc. (FTNT) announced after the close Wednesday that it now expects to report first quarter non-GAAP EPS of $0.10, down from prior expectations of $0.10 to $0.11. Total revenue is expected to be in the $134 million to $136 million range compared to its prior guidance of $138 million to $141 million.
Fortinet gapped open sharply lower Thursday and is now down 3.83 at $18.02 on above average volume. The stock has dropped to over a 4-month low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.