Expedia Group and Gartner Shares Surge; Fortinet and Atlassian Stocks Dip Amid Market Fluctuations

Fortinet and Atlassian stocks stumble as companies cut profit forecasts and suffer first quarter losses; Expedia Group and Gartner stocks rise on robust Q3 earnings results.

• Fortinet Inc.'s shares saw a decline after the network security company cut its sales forecast for the year, resulting in a drop of $9.47 to $48.12 per share.
• Software company Atlassian Corp. also experienced a drop in share price, down $8.07 to $173.33, following the company's disappointing fiscal first-quarter loss report.
• In contrast, shares of online travel company Expedia Group Inc. rose by $16.81 to $111.65 following the company exceeding analysts' third-quarter earnings projections.
• Gartner Inc., a technology information and analysis company, also experienced a boost in share price increasing by $55.09 to $392.68 after outperforming Wall Street's third-quarter earnings forecasts.
• Notably, amid broader market fluctuations, mobile payment services provider Block Inc. reported strong third-quarter financial results, prompting a rise in shares by $5.19 to $49.17.

3 Articles

Washington Post Quartz Associated Press