Fortinet Q3 Earnings Surpass Estimates, Sales Increase Y/Y

Fortinet Inc. (FTNT) reported strong third-quarter 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year. Fortinet reported third-quarter 2024 non-GAAP earnings per share (EPS) of 63 cents, which beat the Zacks Consensus Estimate by 23.53%. The bottom line climbed 53.7% from the year-ago quarter's earnings of 41 cents. Total revenues of $1.51 billion beat the consensus mark by 2.1% and improved 13% year over year, driven by strong growth in servi ...