Fortinet (FTNT) Tops Q2 EPS by 4c, Revenues Misses
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/12/2026
- Wall Street ends down as US-Iran peace optimism fades
- S&P 500 EPS growth above 20% is rare. Why 2027 may be at risk
- Goldman Sachs warns AI investment may be crowding out other business spending
- Why Wednesday's inflation print could provide the next dovish catalyst
- Tesla needs Robotaxi flywheel proof to boost investor conviction: Morgan Stanley
- Lumentum Holdings (LITE) Tops Q4 EPS by 28c, Beats on Revenue; Offers Q1 Guidance
- AbCellera Biologics (ABCL) PT Raised to $30 at Truist on 'best-in-class potential'
- Aurora Cannabis rejects Curaleaf's unsolicited $4-per-share takeover bid
- Wall Street ends down as US-Iran peace optimism fades
- eToro to acquire TradeZero for up to $231M to expand in US
- After-Hours Movers: CRWV, NBIS, SMCI, LITE, CAVA, HRB
- After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
Fortinet Reports Second Quarter 2023 Financial Results
August 3, 2023 4:05 PM EDTSecond Quarter 2023 Highlights
Product revenue of $472.6 million, up 18% year over yearService revenue of $820.2 million, up 30% year over yearTotal revenue of $1.29 billion, up 26% year over yearBillings of $1.54 billion, up 18% year over year1Deferred revenue of $5.13 billion, up 30% year over yearGAAP operating income of $279.0 million, up 43% year over yearNon-GAAP operating income of $348.1 million, up 36% year over year1GAAP operating margin of 21.6%Non-GAAP operating margin of 26.9%1GAAP... More