Fortinet plunges 26% after earnings, drags Tenable down as Gen Digital rises

Fortinet reported Q3 revenue of $2.08 billion, up 20%, and adjusted EPS of 91 cents, beating estimates, yet shares fell about 26% after hours on slowing growth and a cut to its services revenue forecast. Tenable also beat forecasts but slid over 5%, while Gen Digital gained nearly 6% on stronger results.

• Fortinet Q3 revenue $2.08B (+20%), adjusted EPS 91 cents vs 86 cents expected
• FortiGate product revenue rose 37% to $765M, billings up 29% to $2.34B
• Fortinet cut full-year services revenue outlook to $5.15B–$5.17B
• Tenable revenue $276.4M (+9.5%), EPS 63 cents vs 51 cents expected