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The company's billings for the quarter were down 6.4% from the year-ago quarter to $1.41 billion, which barely missed analysts' consensus estimate of $1.43 billion.
Fortinet, Inc. is a cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls , endpoint security and intrusion detection systems .
Data by YCharts.. The stock is currently trading at 8.6 times sales, a discount to its five-year average sales multiple of just over 11. Also, its sales multiple is almost in line with the U.S ...
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 ...
List of largest daily changes in the Nasdaq Composite. Stock market crashes in India. List of stock market crashes and bear markets, including: Wall Street Crash of 1929 (October 24–29, 1929) Black Monday (1987) (October 19, 1987) Friday the 13th mini-crash (October 13, 1989) October 27, 1997, mini-crash.
Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the vicious decline for the ...
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 (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 ...