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Fortinet Stock Jumps as Cybersecurity Demand Drives Q4 Earnings Beat—Key Level to Watch
FTNTFortinet(FTNT) Investopedia·2024-02-07 14:50

Key TakeawaysFortinet shares jumped after the company topped analysts' fourth-quarter earnings and billings expectations amid strong demand for cybersecurity solutions.The company said it closed six deals in the fourth quarter that were each valued at over 10million.TheFortinetsharepricemayencounterresistancearound10 million.The Fortinet share price may encounter resistance around 80.50 from the July swing high, which is also the stock's all-time high. Fortinet, Inc. Source: TradingView.com.Cybersecurity solutions company Fortinet, Inc. (FTNT) reported quarter ...