Fortinet shares rally as earnings, outlook top Street view

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Fortinet Inc. shares rallied in the extended session Thursday after the cybersecurity company topped Wall Street estimates and raised its outlook for the...

Fortinet Inc. FTNT, -1.28% shares rallied in the extended session Thursday after the cybersecurity company topped Wall Street estimates and raised its outlook for the year. Fortinet shares surged 10% after hours, following a 1.3% decline in the regular session to close at $81.56. The company reported third-quarter net income of $79.8 million, or 46 cents a share, compared with $58.7 million, or 33 cents a share, in the year-ago period. Adjusted earnings were 67 cents a share.

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