Why It Security Company Fortinet Rose 10.5% In May

newsfeedback@fool.com (Lee Samaha), The Motley Fool
Thu, 06/07/2018 - 10:35am

Stock in cybersecurity company Fortinet, Inc. (NASDAQ: FTNT) surged 10.5% in May according to data from S&P Global Market Intelligence. The catalyst for the move appears to be a strong, but somewhat confusing, set of first-quarter results given at the start of the month.The confusion stems from Fortinet starting its fiscal year by giving first-quarter and full-year guidance excluding the impact of the transition to the adoption of ASC 606, a new revenue recognition standard.

Topics: inc nasdaq ftnt s&p global market intelligence images fortinet asc full-year first-quarter impact

Place your ad here
Loading...

BING NEWS:

Cybersecurity Stocks: 10 Biggest Companies in 2025
Cybercrime is a growing concern, and it’s estimated that the annual cost of fighting cyber crime will reach US$10.5 trillion by 2025. Cybersecurity companies are working to address the challenge. As ...
01/11/2025 - 11:54 am | View Link
Fortinet Inc. stock underperforms Friday when compared to competitors
Shares of Fortinet Inc. FTNT shed 1.54% to $94.56 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 1.54% to 5,827.04 and Dow ...
01/10/2025 - 8:45 am | View Link
What’s Behind the 0.11% Gain in Fortinet Inc (FTNT) Stock? Find Out Now!
Piper Sandler has recently raised Fortinet Inc (FTNT) stock to Overweight rating, as announced on January 6, 2025, according to Finviz. Earlier, on December 19, 2024, KeyBanc Capital Markets had ...
01/10/2025 - 2:20 am | View Link
What You Need to Know Ahead of Fortinet's Earnings Release
Valued at a market cap of $73.6 billion, Fortinet, Inc. (FTNT) provides cybersecurity and convergence of networking and security solutions. The Sunnyvale, California-based company’s solutions are ...
01/10/2025 - 1:04 am | View Link
Fortinet Inc. stock rises Wednesday, still underperforms market
Fortinet Inc. closed $4.96 below its 52-week high ($101.00), which the company achieved on January 6th.
01/8/2025 - 8:47 am | View Link
More

More Movie News

More Business News

$83M mansion featured on HBO's 'Succession' burns down in the Palisades Fire: report
Business Insider, Sunday - 01/12/2025 - 01:51 PM
"Succession" star Sarah Snook at the San Onofre estate in an episode that aired in 2023. Claudette Barius/HBOA luxury Pacific Palisades mansion once featured in "Succession" has been destroyed by the LA fires, the Daily Mail reported. The San Onofre estate was purchased by tech CEO Austin Russell in 2021 for $83 million, per Realtor.comThe Palisades Fire has now burned through more than 23,000 acres.
More | Talk | Read It Later | Share
How to watch Packers vs. Eagles: Live stream the Wild Card game
Business Insider, Sunday - 01/12/2025 - 01:31 PM
When you buy through our links, Business Insider may earn an affiliate commission. Learn morePhiladelphia Eagles quarterback Jalen Hurts during the 2024 NFL Wild Card game. Perry Knotts/Getty ImagesThe Packers and Eagles face off in the next Wild Card game this weekend, and it's shaping up to be a must-see NFC match-up.
More | Talk | Read It Later | Share
Trump's pick to lead EPA was paid tens of thousands to write op-eds criticizing climate policies and ESG
Business Insider, Sunday - 01/12/2025 - 01:09 PM
Former Rep. Lee Zeldin made nearly $200,000 from paid speeches and op-eds in recent years. Some of those op-eds were on climate-related topics. Tom Williams/CQ Roll CallFormer Rep. Lee Zeldin, Trump's pick to lead the EPA, made $186,000 from paid op-eds and speeches. Some of those op-eds criticized climate policies and ESG.
More | Talk | Read It Later | Share
How to save your TikTok videos before the US bans the app
Business Insider, Sunday - 01/12/2025 - 12:11 PM
These are the best ways to save your TikTok content with a possible ban in the United States approaching. Jaap Arriens/NurPhoto via Getty ImagesTikTok faces a potential US ban if its owner, ByteDance, doesn't find a buyer in about a week. TikTok allows users to download and save video content, but it can be tedious.
More | Talk | Read It Later | Share
Europe is divided over Trump's call for NATO members to boost defense spending to 5% of GDP
Business Insider, Sunday - 01/12/2025 - 11:39 AM
Scott Olson/Getty ImagesDonald Trump's suggestion for increased NATO defense spending has divided European countries. Trump called for NATO members to raise defense spending to 5% of GDP. Many European NATO members have struggled to meet the current 2% defense spending goal. Donald Trump's suggestion that NATO members should allocate 5% of their GDP on defense has prompted mixed reactions in Europe.
More | Talk | Read It Later | Share
How to watch Broncos vs. Bills: Live stream the NFL's Wild Card Weekend
Business Insider, Sunday - 01/12/2025 - 10:00 AM
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreJosh Allen of the Buffalo Bills during a 2024 NFL game. Mike Mulholland/Getty ImagesWild Card Weekend continues today with a trio of games, starting with a Denver vs. Buffalo showdown. Below, we'll show you how to watch the Broncos vs.
More | Talk | Read It Later | Share

Why It Security Company Fortinet Rose 10.5% In May

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News