Why Is Fortinet Stock Climbing on Thursday?
Fortinet Inc (NASDAQ: FTNT) stock surged Thursday following second-quarter earnings beats, increased forward guidance, and target price raises from Wall Street analysts.
Fortinet made more money than expected and said future business looks even better, so many investors got excited and bought the stock. When a company does better than people thought it would, that's a signal the business might be getting stronger.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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