Fortinet: A Cybersecurity Giant Positioned For Long-Term Growth

da-kuk Earnings summary On August 07, 2024, share price for Fortinet (NASDAQ:FTNT) was up ~25% after it delivered a beat to both 2Q24 revenue and EPS. Revenue for the quarter came in at $1.43 billion vs consensus estimates of $1.4 billion, representing a 11% YoY increase. EPS came in at $0.57 vs consensus estimates of $0.43. Fortinet also achieved record quarterly gross and non-GAAP operating margins at 81.5% and 35.1% respectively. Gross margins improvements were led by higher product and services gros ...