Fortinet (FTNT) Tops Q1 EPS by 5c

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Go back to Fortinet (FTNT) Tops Q1 EPS by 5c

Morgan Stanley analyst impressed with Fortinet's (FTNT) 'picture-perfect start'

May 5, 2023 1:32 PM EDT

Fortinet (NASDAQ: FTNT) topped the consensus earnings and revenue estimate in Q1, sending its shares over 5% higher on Friday.

The cybersecurity company reported Q1 EPS of $0.34, $0.05 better than the analyst estimate of $0.29, while revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.2 billion.

At the time of writing, FTNT is trading at $64.75 per share, adding to its gains so far this year.

The company's product revenue was $500.7... More