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Software Stocks Slide as Fortinet, ServiceNow Fail to Meet Lofty Investor Expectations
Investors punished slower forward indicators and softer guidance, sending dozens of software and cybersecurity names lower after the companies beat revenue estimates.
Summary by Channel News Asia
7 Articles
7 Articles
24/7 Wall St.Reposted by 
BizToc
BizTocSoftware Stocks Are Getting Crushed Again After Hours
Fortinet and ServiceNow both beat revenue estimates after the close, and both stocks cratered anyway, dragging dozens of other software names down with them in what has become a troubling pattern for the sector in 2026.
·Lakewood, United States
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Fortinet reported quarterly results above estimates, but cut its annual forecast of revenue for services. The review punished its actions before opening and led several analysts to reduce their price targets.
Coverage Details
Total News Sources7
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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