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Business

Adam Eckert

Why Fortinet Stock Is Trading Higher Today

Fortinet Nasdaq

Fortinet Inc (NASDAQ:FTNT) shares are trading higher THursday after the company reported better-than-expected financial results and issued guidance above analyst estimates.

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.

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