Why Fortinet Stock Is Soaring Today
Fortinet(FTNT) The Motley Fool·2024-08-08 01:06
See how Fortinet outperformed expectations in Q2 2024 and what it means for investors.Shares of Fortinet (FTNT 25.75%) jumped as much as 24.8% higher on Wendesday morning, boosted by a strong earnings report. By 10:30 a.m., the cybersecurity veteran's stock had backed down slightly to a 22.4% gain.Fortinet's second quarter by the numbersFortinet's second-quarter revenue rose 11% year over year, landing at $1.43 billion. Product sales decreased by 4.4% while service revenues jumped 19.8% higher.On the bottom ...