Fortinet Posts Q3 EPS of 86 Cents
FTNT has more than doubled off its 52-week low of $73.55 on elevated volume (2.0× avg).
Summary
Fortinet reported third-quarter adjusted EPS of 91 cents, the first hard number from its Q3 release. That follows a Q2 that beat expectations with 26% revenue growth and significant margin expansion, so the bar was already high. The company also guided fourth-quarter revenue to $2.15B-$2.25B. The headline gives only the EPS line — no revenue or billings — so the full read on whether growth held up isn't available yet. Billings are the number that has driven this stock, and it isn't in this headline.
At the time of this announcement, FTNT was trading at $176.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $127.7B. The 52-week trading range was $73.55 to $197.13. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.