Why Fortinet Stock Is Soaring Today
Fortinet's shares soared by nearly 25% after a strong earnings report. Product sales dipped while service revenues soared, resulting in a total revenue jump of 11%.
Fortinet Earnings: Solid As A Firewall, 20x Operating Profits (Rating Upgrade)
Fortinet, Inc. delivered strong results with better growth rates and profitability, leading to a 15% premarket jump and a revised buy rating. Fortinet's near-term prospects include record operating margins, market share gains, and investments in fast-growing areas like Unified SASE and Secure Ops. Fortinet's outlook for 2024 has improved, with potential revenue reacceleration and a valuation of 20x next year's non-GAAP operating income, making it an attractive investment.
Fortinet Is the S&P 500's Top Stock Today. Why Wall Street Is Cautious.
The cybersecurity firm also raised its full-year revenue outlook.
Fortinet (FTNT) Q2 Earnings Beat Expectations, Sales Rise Y/Y
Fortinet's (FTNT) second-quarter results reflect strength in demand from large enterprise customers and growth in the company's security subscriptions.
Watch These Fortinet Stock Price Levels Amid Post-Earnings Surge
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.
3 Top Cybersecurity Stocks to Buy in August
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. (FTNT) Q2 2024 Earnings Call Transcript
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.
Fortinet's stock set to bounce back after an upbeat earnings outlook
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.
Fortinet (FTNT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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) Q2 Earnings and Revenues Beat Estimates
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.
Fortinet raises annual revenue forecast
Cybersecurity firm Fortinet raised its annual revenue forecast on Tuesday, as companies spend more on safeguarding their digital assets and operations against cyberattacks.
The Top 3 Cybersecurity Stocks to Buy Now Summer 2024
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.
