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Exam Number : NSE4-5-4
Exam Name : Fortinet Network Security Expert 4 Written test - FortiOS 5.4
Vendor Name : Fortinet
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Why Fortinet inventory Is buying and selling bigger nowadays | NSE4-5-4 Practice Questions and Question Bank

Fortinet Inc (NASDAQ:FTNT) shares are buying and selling bigger THursday after the company reported better-than-anticipated economic results and issued guidance above analyst estimates.

Fortinet observed first-quarter revenue increased 34% yr-over-yr to $954.8 million, which beat the $884.17 million estimate, in line with information from Benzinga professional. The cybersecurity company suggested quarterly adjusted salary of ninety four cents per share, which beat the estimate of 79 cents per share.

Fortinet spoke of it expects second-quarter earnings of $1.005 billion and $1.035 billion versus the $1.01 billion estimate. It expects the adjusted revenue of $1.05 and $1.10 per share versus the $1.13 estimate.

Fortinet sees full-12 months 2022 earnings of $4.35 billion to $four.four billion versus the $four.three billion estimate. It expects full-yr adjusted revenue per share of $5 and $5.15 versus the estimate of $4.96 per share.

Analyst evaluation:

  • Mizuho analyst Gregg Moskowitz upgraded Fortinet from a neutral rating to a buy rating and raised the rate goal from $340 to $350.
  • Wells Fargo analyst Andrew Nowinski maintained Fortinet with an overweight rating and raised the fee goal from $360 to $four hundred.
  • Morgan Stanley analyst Hamza Fodderwala maintained Fortinet with an Equal-Weight score and raised the price goal from $315 to $330.
  • See also: Morning brief: exact fiscal experiences Dominating on Thursday, might also 5

    FTNT 52-Week latitude: $195.ninety six - $371.77

    The stock turned into up 5.fifty eight% at $303.forty at press time.

    photograph: aichinger76 from Pixabay.




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