Fortinet Q2 EPS $0.38 Beats $0.34 Estimate, Sales $1.29B Miss $1.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortinet reported Q2 earnings of $0.38 per share, beating the analyst consensus estimate of $0.34 by 11.76%. However, the company's quarterly sales of $1.29 billion missed the analyst consensus estimate of $1.30 billion by 0.62%. The earnings represent a 58.33% increase from the same period last year, while the sales represent a 25.44% increase.
August 04, 2023 | 2:23 pm
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NEUTRAL IMPACT
Fortinet's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Fortinet's earnings beat could boost investor confidence, but the sales miss might temper this optimism. The net impact on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100