Fortinet Sees Q3 Adj. EPS $0.56-$0.58 Vs $0.41 Est.; Revenue $1.445B-$1.505B Vs $1.403B Est.
Portfolio Pulse from Benzinga Newsdesk
Fortinet has announced its Q3 adjusted EPS guidance of $0.56-$0.58, significantly higher than the estimated $0.41. Additionally, the company expects revenue between $1.445 billion and $1.505 billion, surpassing the estimated $1.403 billion.
August 06, 2024 | 8:15 pm
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Fortinet has raised its Q3 adjusted EPS guidance to $0.56-$0.58, well above the estimated $0.41. The company also expects higher revenue of $1.445 billion to $1.505 billion, compared to the estimated $1.403 billion.
The significant increase in both EPS and revenue guidance above market estimates is a strong positive signal for Fortinet's financial health and future performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100