Fortinet (NASDAQ: FTNT ) reported 3Q24 earnings, and the stock dipped 5% in early post-market trading on Thursday as the company cut its full-year billings guidance to $6.43 billion- $6.53 billion, below the prior range of $6.4 billion- $6.6 billion. The market disgusted the bad news quickly, and theI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickst ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy ...

Fortinet's (FTNT) impressive third-quarter 2024 results have sparked renewed investor interest, with the stock surging 18.5% post-earnings. The cybersecurity giant demonstrated remarkable financial discipline, achieving record gross margin and operating margin, with the latter increasing 830 basis points to more than 36%. Total revenue growth of 13% marks a significant milestone as the company returns to positive billings and product revenue growth.Fortinet reported third-quarter 2024 non-GAAP earnings per ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 13:Toast, Inc. (TOST) : This cloud-based digital technology platform provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.Toast's shares gained 59.1% over the last three months compared with the S&P 500’s advanced of 9.7%. The company possesses a Momentum Score of A.Fortinet, Inc. (FTNT) : This cybersecurity an ...

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2]. Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [2][3]. - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3]. Value Score - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3][4]. Growth Score - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4]. Momentum Score - The Momentum Score helps investors capitalize on price trends by analyzing short-term price changes and earnings estimate revisions [4]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with strong value, growth, and momentum [5]. Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist in building a successful portfolio, with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988 [6][7]. Stock Selection Strategy - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success [8][9]. Company Spotlight: Fortinet (FTNT) - Fortinet, headquartered in Sunnyvale, CA, is a provider of network security solutions and holds a Zacks Rank of 2 (Buy) with a VGM Score of B [10]. - Fortinet is projected to achieve year-over-year earnings growth of 31.9% for the current fiscal year, with upward revisions in earnings estimates from analysts [11].

Have you been paying attention to shares of Fortinet (FTNT) ? Shares have been on the move with the stock up 17.3% over the past month. The stock hit a new 52-week high of $97.35 in the previous session. Fortinet has gained 66% since the start of the year compared to the 30.4% move for the Zacks Computer and Technology sector and the 31.1% return for the Zacks Internet - Software industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our e ...

Did you analyze how Fortinet (FTNT) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this network security company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become es ...

SUNNYVALE, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet“As we celebrate the 15th year anniversary of our IPO, we reflect on the leading role Fortinet has played in shaping the continued evolution of cybersecurity. Innovation has been in our DNA since our inception more than 20 years ago, and with our customers at the center of everything we do, we’ve built a world-class team, developed an industry-leading portfolio of integrated ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34511 ______________________________________ FORTINET, INC. (Exact name of registrant as specified in its ...

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 ...