BUZZ-Fortinet falls on weak Q2 revenue forecast ** Shares of cybersecurity firm Fortinet FTNT.O fall 9.5% to $96.49
** Fortinet late on Wednesday forecast Q2 revenue between $1.59 billion and $1.65 billion, the midpoint of which came in below estimates of $1.63 billion, according to data compiled by LSEG
** FTNT expects Q2 adj. profit between 58 cents and 60 cents vs analysts' estimates of 58 cents per share
** Co reported Q1 adj. profit of 58 cents/share, beating analysts' est of 53 cents/share
** Including session's moves, FTNT stock up 1.8% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments