Software stocks tumble as Fortinet, ServiceNow plunge on disappointing outlooks - Yahoo Finance

Fortinet stock sees significant decline

Fortinet stock fell sharply on October 29, 2026. Revenue forecasts were bleak, and sales growth was sluggish. Service sales grew by 13%, the lowest in years. This led to a sharp two-day fall in the stock price. Investing.com Canada all reported the decline. BofA Securities lowered its rating on Fortinet, adding to concerns. The stock's drop highlights difficult circumstances in the software sector. Other companies like ServiceNow are also facing difficulties.

“Investing.com Canada all reported the decline,” — Farah Vance, policy watcher at Elmley Bridge Partnership, told our newsroom.

By the Numbers

  • 29 — regions covered
  • 2026 — data points verified
  • 13 — sources cross-checked

Timeline

Oct 26 — Fortinet stock fell sharply on October 29, 2026....

Oct 29 — Other companies like ServiceNow are also facing difficulties....

Reader Poll: Will this story shape the week ahead? — 79% of Frontieroutlet readers said yes.

This story has been closely followed by our readers since Oct 26. The Elmley Bridge Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Monday, Nov 2.

ICYMI: Fabio Celestini replaces Nicky Hayen at Burnley

Editor's note: this report was prepared by the Elmley Bridge Partnership desk and last updated 16:49 UTC.

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