BUZZ-U.S. STOCKS ON THE MOVE-Fortinet, Extraction Oil & Gas, Voxx
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) The S&P 500 and the Dow pared losses on Wednesday as financial stocks rose in anticipation of the minutes of the Federal Reserve's September policy meeting.
The Dow Jones Industrial Average was up 0.06 percent at 18,139.79, the S&P 500 was up 0.10 percent at 2,138.89 and the Nasdaq Composite was down 0.04 percent at 5,244.81.
** FORTINET INC, $29.98, -12.06 pct
** PALO ALTO NETWORKS INC, $153.36, -1.36 pct
** FIREEYE INC, $12.935, -2.74 pct
** PROOFPOINT INC, $69.34, -2.37 pct
** CYBERARK SOFTWARE LTD, $48.3, -3.26 pct
Cybersecurity company Fortinet cut its third-quarter billings, revenue and earnings forecasts, citing delayed purchases by enterprise and service providers. The company also noted execution issues in North America from the realignment of its sales force in the first quarter. Continued...