These are the stocks posting the largest moves in midday trading.
— Shares of the cybersecurity stock plummeted 23% following a mixed second-quarter report and outlook. Fortinet posted 38 cents in adjusted earnings per share, while analysts polled by Refinitiv expected 34 cents per share. The company also reported $1.29 billion in revenue, slightly under the consensus forecast on $1.3 billion. Guidance for the current quarter was similarly mixed.
— The real-estate tech stock tumbled 19% after telling investors to expect revenue to come in lower than analysts expect in the current quarter. Opendoor said to expect between $950 million and $1 billion, while analysts surveyed by FactSet estimated $1.36 billion.— The sports-betting stock climbed 4% on a strong quarterly report. DraftKings reported a loss of 17 cents per share, less than the 25 cents forecasted by analysts surveyed by Refinitiv.
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