Previous close | 59.66 |
Open | 59.41 |
Bid | 60.29 x 150000 |
Ask | 60.68 x 150000 |
Day's range | 59.41 - 60.23 |
52-week range | 41.01 - 72.17 |
Volume | |
Avg. volume | 301 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 01 Aug 2024 - 05 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Fortinet, Inc. (NASDAQ:FTNT) reported its first-quarter financial results after the bell on Thursday. Here are the highlights. Fortinet reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 38 cents. The quarterly revenue grew 6.97% year over year to $1.35 billion, beating the analyst consensus estimate of $1.338 billion. Product revenue fell 18.3% year over year to $408.9 million, while Service revenue grew 24% to $944.4 million. Total billings were $1.
While the top- and bottom-line numbers for Fortinet (FTNT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Robust Service Revenue Growth and Strong Operational Execution Drive Performance