BUZZ-Fortinet rises after upbeat annual revenue forecast

Reuters
07 Feb
BUZZ-Fortinet rises after upbeat annual revenue forecast

** Shares of cybersecurity company Fortinet FTNT.O rise 11% to $116.5 in after-hours trading

** FTNT forecasts FY25 revenue between $6.65 bln and $6.85 bln, above analysts' estimates of $6.63 bln, according to data compiled by LSEG

** Company sees Q1 revenue between $1.50 bln and $1.56 bln, the midpoint of which is in line with estimates of $1.53 bln

** Posts Q4 revenue of $1.66 bln, beating estimates of $1.59 bln

** FTNT had risen 61.4% in 2024

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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