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Market Impact: 0.35

Fortinet (FTNT) Surpasses Q1 Earnings and Revenue Estimates

FTNT
Corporate EarningsCompany FundamentalsAnalyst Estimates

Fortinet reported quarterly EPS of $0.82, ahead of the Zacks Consensus Estimate of $0.61 and up from $0.58 a year ago. The $0.21 per-share beat versus consensus indicates stronger-than-expected profitability. The release is positive for FTNT and could modestly support the stock.

Analysis

Fortinet reported quarterly EPS of $0.82, ahead of the Zacks Consensus Estimate of $0.61 and up from $0.58 a year ago. The $0.21 per-share beat versus consensus indicates stronger-than-expected profitability. The release is positive for FTNT and could modestly support the stock.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.45

Ticker Sentiment

FTNT0.62