Fortinet (FTNT) Tops Q2 EPS by 7c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/20/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
'Gold Medal Acceleration': Fortinet (FTNT) Delivers Very Strong Beat and Outlook, Wall Street Bulled Up with At Least 10 PT Hikes
July 30, 2021 9:24 AM EDTFortinet (NASDAQ: FTNT) delivered better-than-expected Q2 results on the back of robust sales in the Americas and EMEA regions, earning at least 10 analyst upgrades as a result.
Revenue came in at $801.1 million to top the analysts estimates of $744.14 million. Earnings per share (EPS) came in at $0.95 to top the $0.87 per share consensus.
We delivered our highest quarterly billings growth in over five years, led by the Americas and EMEA regions, while continuing to invest across our product portfolio, said Ken Xie, Founder, Chairman, and Chief Executive Officer.
For the ongoing quarter, the company is... More
Fortinet (FTNT) PT Raised to $335 at Cowen
July 30, 2021 6:21 AM EDTCowen analyst Shaul Eyal raised the price target on Fortinet (NASDAQ: FTNT) to $335.00 (from $305.00) while maintaining an Outperform rating.
The analyst commented, "Coming much better than our bullish checks and Street's high estimates, FTNT delivered strong revenue/billings of $801.1M (+29.7% y/y)/$960.9M... More
