Cybersecurity firm Fortinet's fourth-quarter revenue forecast failed to impress investors on Thursday, sending its shares down over 8% in extended trading.
Fortinet (FTNT) delivered earnings and revenue surprises of 23.53% and 2.09%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?
Fortinet (FTNT) reported $1.51 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 13%. EPS of $0.63 for the same period compares to $0.41 a year ago.
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 17.52% ...
Derek Manky, Chief Security Strategist and VP of Global Threat Intelligence at Fortinet “In today’s interconnected world, the fight against cybercrime requires a unified front. Public-private ...