Fortinet Stock Jumps 25% After Strong Earnings, Leading S&P 500 Gainers
Fortinet(FTNT) Investopedia·2024-08-08 05:21
Key TakeawaysCybersecurity firm Fortinet topped quarterly sales and profits, boosted by record operating margins, and its shares skyrocketed.Fortinet maintains a strong position in the Secure Access Service Edge (SASE) market.Jefferies analysts increased their price target on Fortinet stock, citing its margin expansion. Fortinet (FTNT) shares took off Wednesday after the cybersecurity firm released a strong set of financial results, posting its highest-ever quarterly operating margin while topping sales and ...