Fortinet Stock Soars on Q2 Results, Guidance: What Investors Need to Know
Fortinet Inc (NASDAQ: FTNT ) stock is trading higher Wednesday after the company reported second-quarter financial results. Here are the key highlights. Fortinet Q2 Earnings Fortinet reported second-quarter revenue of $2.05 billion, up 26% year-over-year. The revenue total beat a Street consensus estimate of $1.89 billion, according to data Pro. The company reported product revenue of $773 million in the quarter, up 52% year-over-year. Billings were up 33% year-over-year in the quarter. Earnings of 90 cents per share beat a Street consensus estimate of 75 cents per share. "We are very pleased with our excellent second quarter results, which reflect the differentiated value of our innovation in the AI Era," Fortinet CEO Ken Xie said. What’s Next for Fortinet The company sees third-quarter revenue in a range of $2.01 billion to $2.10 billion, higher than a current Street estimate of $1....
Fortinet Inc (NASDAQ: FTNT ) stock is trading higher Wednesday after the company reported second-quarter financial results. Here are the key highlights. 05 billion, up 26% year-over-year. 89 billion, according to data Pro.
The company reported product revenue of $773 million in the quarter, up 52% year-over-year. Billings were up 33% year-over-year in the quarter. Earnings of 90 cents per share beat a Street consensus estimate of 75 cents per share. "We are very pleased with our excellent second quarter results, which reflect the differentiated value of our innovation in the AI Era," Fortinet CEO Ken Xie said.
95 billion. Earnings per share are expected to be in a range of 83 cents to 87 cents per share for the third quarter, versus a Street estimate of 76 cents per share. 16. 16 according to Pro.
18 billion. 87 billion. 81 billion. 35.
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