Wall Street’s Q3 earnings season shifts into high gear as investors brace for quarterly results from the megacap tech companies.
In terms of performance, Arista Networks has outpaced the broader market by a wide margin in 2024, with its stock rallying +70.5% year-to-date.Demonstrating the strength and resilience of its business, the networking-infrastructure company sports a near-perfect InvestingPro Financial Health Score of 4.0 out of 5.0 thanks to its strong earnings and sales growth trajectory.
Looking ahead, Fortinet’s guidance is expected to be robust as enterprises and governments alike continue to fortify their cybersecurity budgets, driving sustainable growth for Fortinet’s portfolio.FTNT stock –which rose to a record of $83.77 on October 14– ended at $79.37 yesterday, earning the Sunnyvale, California-based cybersecurity solutions provider a valuation of $60.8 billion.
EPS and revenue expectations have been revised upwards as demand for AppLovin’s programmatic ad platform and gaming titles continues to rise.
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