Fortinet Sees Q2 2024 Adj. EPS Adj. EPS $0.39-$0.41 Vs $0.40 Est.; Revenue $1.375B-$1.435B Vs $1.394B Est.
Portfolio Pulse from Benzinga Newsdesk
Fortinet projects its Q2 2024 adjusted EPS to be between $0.39 and $0.41, compared to the estimated $0.40. The company also forecasts revenue to be between $1.375 billion and $1.435 billion, versus the estimated $1.394 billion.
May 02, 2024 | 8:09 pm
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Fortinet's Q2 2024 earnings and revenue projections are closely aligned with analyst estimates, indicating stability in its financial outlook.
Fortinet's guidance for Q2 2024 adjusted EPS and revenue is very close to analyst estimates, suggesting that the company's financial performance is expected to be stable. This alignment with expectations typically results in a neutral short-term impact on the stock price, as it neither significantly exceeds nor falls short of market forecasts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100