Fortinet's (FTNT) second-quarter results reflect strength in demand from large enterprise customers and growth in the company's security subscriptions.
Fortinet (FTNT) shares surged in premarket trading on Wednesday after the cybersecurity solutions provider raised its full-year revenue outlook, as enterprise customers increase spending to protect their data and applications from cyberattacks.
Zscaler is finding success with its "zero-trust" cybersecurity offerings. Palo Alto is an established cybersecurity leader that's still closing big deals.
Fortinet, Inc. (NASDAQ:FTNT ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Aaron Ovadia - Director of Investor Relations Ken Xie - Founder, Chairman & Chief Executive Officer Keith Jensen - Chief Financial Officer John Whittle - Chief Operating Officer Conference Call Participants Brian Essex - JPMorgan Hamza Fodderwala - Morgan Stanley Fatima Boolani - Citi Gabriela Borges - Goldman Sachs Tal Liani - Bank of America Rob Owens - Piper Sandler Shaul Eyal - TD Cowen Brad Zelnick - Deutsche Bank Adam Tindle - Raymond James Adam Borg - Stifel Saket Kalia - Barclays Joseph Gallo - Jefferies Operator Good day and thank you for standing by. Welcome to the Fortinet Second Quarter Earnings Call.
After disappointing three months ago with a miss on billings, Fortinet Inc. was set to be back in investors' good graces after the cybersecurity company's latest earnings report brought upbeat results and guidance.
While the top- and bottom-line numbers for Fortinet (FTNT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Fortinet (FTNT) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.38 per share a year ago.
Cybersecurity firm Fortinet raised its annual revenue forecast on Tuesday, as companies spend more on safeguarding their digital assets and operations against cyberattacks.
As we enter the summer of 2024, cybersecurity stocks are regaining the spotlight. The recent uptick in cyberattacks has highlighted the crucial role of robust cybersecurity measures, propelling the industry to the forefront of essential investments.
In the wake of a worldwide IT outage, Fortinet (NASDAQ: FTNT) has emerged as a key player in the cybersecurity sector.
Fortinet's (FTNT) second-quarter 2024 earnings are likely to have been aided by the steady growth of Security Fabric, cloud and SD-WAN offerings amid intense competition and elevated valuation.
Get a deeper insight into the potential performance of Fortinet (FTNT) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.