Fortinet and ServiceNow both beat revenue estimates after the close on October 28, 2026, yet their shares fell sharply: Fortinet dropped 25.71% after hours to $129.33 and ServiceNow fell 18.13% to $122.91, dragging many software and cybersecurity stocks lower. Fortinet's adjusted EPS of $0.91 beat the $0.86 consensus, but services revenue grew only 13% to $1.31 billion, prompting a cut to its full-year service revenue forecast and slowing total revenue growth to 20% from 26%. ServiceNow's revenue rose 20.5% to $4.106 billion, but adjusted EPS of $1.00 missed the $1.02 consensus, and its guidance for December-quarter cRPO growth of 18.5% was below the 21% in the September quarter. The article calls this the second major software selloff of 2026.
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softwarecybersecurityearningsFortinet
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MSFT
▼ Likely negativeMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 530.83 |
| Change that session | -0.09% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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