FTNT, not even spectacular earnings can save stocks
Got burned on this last quarter so stayed out.
Beat big on both top and bottom lines plus great guidance. Got hammered anyways today. It was actually sitting a pre-COVID level too.
Trailing P/E now 36, forward P/E around 30....
Not touching this unless it hits $70 again, which would be ridiculous, but I've seen the market do dumber things. I think it just goes sideways again like last earnings. Another buy indicator is daily RSI hitting oversold twice.....
Beat big on both top and bottom lines plus great guidance. Got hammered anyways today. It was actually sitting a pre-COVID level too.
Trailing P/E now 36, forward P/E around 30....
Not touching this unless it hits $70 again, which would be ridiculous, but I've seen the market do dumber things. I think it just goes sideways again like last earnings. Another buy indicator is daily RSI hitting oversold twice.....