youtube
Fortinet delivered a standout second quarter performance by beating expectations with an earnings per share of $0.90 on $2.05 billion in revenue. Backed by an impressive 80.3% gross margin, the cybersecurity leader raised its full-year revenue outlook. While the Seeking Alpha Quant rating currently sits at a hold, Wall Street analysts are taking notice, with 41 analysts revising their estimates upward following the new guidance. Here is what you need to know about Fortinet's latest financial results and market outlook.
|
