
Fortinet Inc (NASDAQ:FTNT) shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected financial results and issued guidance.
Fortinet said first-quarter revenue increased 34% year-over-year to $954.8 million, which beat the $884.17 million estimate, according to data from Benzinga Pro. The cybersecurity company reported quarterly adjusted earnings of 94 cents per share, which beat the estimate of 79 cents per share.