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Fortinet beat Wall Street's consensus estimates for both its top and bottom lines in the first quarter, reporting sales of $1.35 billion and adjusted earnings per share of $0.43, ahead of analysts ...
Assuming Fortinet indeed hits analysts' $7.5 billion revenue forecast in 2026 while trading at approximately 8 times sales, its market cap could hit $60 billion. That would be a 32% increase from ...
The company expects to generate revenue in the range of $1.45 billion to $1.51 billion in the third quarter, while analysts expect $1.47 billion. Fortinet posted revenue of $1.43 billion for the ...
Fortinet introduced its first product, FortiGate, in 2002, followed by anti-spam and anti-virus software. [4] [5] The company raised $13 million in private funding from 2000 to early 2003. [4] Fortinet's first channel program was established in October 2003. [6]
On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering worth up to $1 billion. [80] [81] By March 24, short interests had dropped to 15 percent, compared to the 141 percent level at its peak in January. [82]
Fortinet (FTNT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price ...
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American equity market by capitalization.
Image source: Getty Images. Fortinet's SASE category accounts for nearly 25% of its revenue, and it's expanding rapidly. The company reported 24% year-over-year growth in service revenue last ...