Fortinet Sees FY24 Adj. EPS $1.73-$1.79 Vs $1.71 Est.; $5.745B-$5.845B Vs $5.783B Est.
Portfolio Pulse from Benzinga Newsdesk
Fortinet projects its FY24 adjusted EPS to be between $1.73 and $1.79, surpassing the estimated $1.71. The company also forecasts revenue between $5.745 billion and $5.845 billion, which brackets the $5.783 billion estimate.
May 02, 2024 | 8:09 pm
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POSITIVE IMPACT
Fortinet's FY24 earnings and revenue forecasts exceed analyst expectations, indicating strong future performance.
Fortinet's projection of higher-than-expected earnings and revenue for FY24 suggests confidence in its operational growth and market position. This positive outlook is likely to instill investor confidence, potentially leading to a short-term uptick in its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100