Fortinet Sees FY24 Adj. EPS $2.13-$2.19 Vs $1.76 Est. Revenue $5.80B-$5.90B Vs $5.794B Est.
Portfolio Pulse from Benzinga Newsdesk
Fortinet has announced its financial outlook for FY24, projecting adjusted EPS between $2.13 and $2.19, significantly higher than the estimated $1.76. The company also expects revenue to be in the range of $5.80 billion to $5.90 billion, slightly above the estimated $5.794 billion.
August 06, 2024 | 8:15 pm
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Fortinet's FY24 financial outlook shows a strong performance with adjusted EPS projected between $2.13 and $2.19, surpassing the estimated $1.76. Revenue is also expected to be slightly higher than estimates.
The significant beat in EPS projections and slightly higher revenue expectations indicate strong financial health and potential growth for Fortinet, likely leading to a positive short-term impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100