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Why Fortinet Stock Is Surging Today

TheMotleyFool

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Why Fortinet Stock Is Surging Today: https://g.foolcdn.com/editorial/images/719923/gettyimages-1278728777.jpg

Investors were clamoring for a piece of the cybersecurity developer Fortinet (NASDAQ: FTNT) this morning after the company reported impressive fourth-quarter results. Management is also optimistic about Fortinet's upcoming quarter, which contributed to the positive investor sentiment this morning

The cybersecurity stock was up 12.5% as of 10:52 a.m. ET.

Fortinet reported non-GAAP earnings per share of $0.44 in Q4, up 76% from the year-ago period and surpassing analysts' average estimate of $0.39 per share.

Source Fool.com

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