Cybersecurity shares slide after Fortinet flags slower product growth

Palo Alto Networks

29/10/2026 10:34

** Shares of cybersecurity firms fall after Fortinet reported slower product revenue growth year-over-year
** Fortinet FTNT.O tumbles 26.6% after posting Q3 product revenue growth of 37%, compared to a 52% growth in previous quarter 
** Co also cuts FY26 service revenue forecast to $5.15 bln - $5.17 bln from prior forecast of $5.18 bln - $5.22 bln
** Crowdstrike CRWD.O falls 6.3%, Palo Alto PANW.O slides 6.9% and Zscaler ZS.O down 7.1%
** Okta OKTA.O, SailPoint SAIL.OL and SentinelOne S.N down about 6% each
** Rubrik RBRK.N shed 6.3% and Rapid7 RPD.O slips 4%

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))