Large Deals Drive a Solid Quarter for Fortinet
Cybersecurity company Fortinet (NASDAQ: FTNT) reported its second-quarter results after market close on July 26. Revenue grew at a double-digit pace, with non-GAAP earnings soaring due to both that revenue growth and a slow rise in expenses. The company continued to make progress winning large enterprise contracts during the quarter, and it expects double-digit growth to persist during the third quarter. Here's what investors need to know about Fortinet's second-quarter report.
Metric
Q2 2017
Source: Fool.com
Fortinet Inc. Stock
€56.51
0.320%
With 33 Buy predictions and 3 Sell predictions Fortinet Inc. is one of the favorites of our community.
With a target price of 69 € there is a positive potential of 22.1% for Fortinet Inc. compared to the current price of 56.51 €.
