Fortinet Reports Second Quarter 2021 Financial Results
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'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
Fortinet (FTNT) Tops Q2 EPS by 7c
July 29, 2021 4:12 PM EDTFortinet (NASDAQ: FTNT) reported Q2 EPS of $0.95, $0.07 better than the analyst estimate of $0.88. Revenue for the quarter came in at $801.1 million versus the consensus estimate of $743.65 million.
GUIDANCE:
Fortinet sees FY2021 EPS of $3.75-$3.90, versus the consensus of $3.75. Fortinet sees... More
