Fortinet shares surged as much as 24% in post-market trading after the company raised its full-year revenue outlook above expectations. The move followed Fortinet's largest billings expansion in over three years, signaling improving demand and fundamentals. The combination of stronger guidance and billings momentum is likely to support a material re-rating in the stock.
Fortinet shares surged as much as 24% in post-market trading after the company raised its full-year revenue outlook above expectations. The move followed Fortinet's largest billings expansion in over three years, signaling improving demand and fundamentals. The combination of stronger guidance and billings momentum is likely to support a material re-rating in the stock.
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strongly positive
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0.78
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