Fortinet Stock Jumps as Cybersecurity Demand Drives Q4 Earnings Beat—Key Level to Watch
FTNTFortinet(FTNT) Investopedia·2024-02-07 22:50

Key Takeaways Fortinet shares jumped after the company topped analysts' fourth-quarter earnings and billings expectations amid strong demand for cybersecurity solutions. The company said it closed six deals in the fourth quarter that were each valued at over 10million.TheFortinetsharepricemayencounterresistancearound10 million. The Fortinet share price may encounter resistance around 80.50 from the July swing high, which is also the stock's all-time high. Fortinet, Inc. This image depicts the FTNT chart. Source: TradingView.com. Cybersecurity solutions company Fo ...