Fortinet shares dip despite beating revenue and earnings estimates
For the quarter ended Sept. 30, Fortinet reported adjusted earnings per share of 70 cents, up from 41 cents in the same quarter of 2023, on revenue of $1.51 billion, up 13% year-over-year. Both were ahead of the 52 cents and $1.48 billion expected by analysts.
Fortinet's Quarterly Revenue Forecast Disappoints, Shares Fall
(Reuters) - Cybersecurity firm Fortinet's fourth-quarter revenue forecast failed to impress investors on Thursday, sending its shares down over 8% in extended trading. High-interest rates, which are affecting borrowing for investment, have dampened enterprise spending as businesses grapple with economic uncertainty.
Fortinet (FTNT) has disclosed a new risk, in the Economy & Political Environment category. Fortinet faces significant ...
Shares in Cloudflare and Fortinet were sliding on Friday after the cybersecurity companies both forecast weaker-than-expected ...
It's been a pretty great week for Fortinet, Inc. (NASDAQ:FTNT) shareholders, with its shares surging 17% to US$92.04 in the week since its latest third-quarter results. Revenues were US$1.5b, ...
The rebound in firewall growth was reflected in the return of overall product revenue growth for Fortinet, which reported ...
Needham analyst Matt Dezort has reiterated their neutral stance on FTNT stock, giving a Hold rating today. Matt Dezort has given his Hold ...
Fortinet (NASDAQ: FTNT) Q3 2024 Earnings Call Nov 07, 2024, 4:30 p.m. ET ...
Fortinet was previously in the news in August when it expanded its unified secure access service edge solution with sovereign ...
Scotiabank raised the firm’s price target on Fortinet (FTNT) to $85 from $75 and keeps an Outperform rating on the shares. The company ...
Fortinet (NASDAQ:FTNT) provided conservative fourth quarter 2024 guidance when it issued its latest financial results ...
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