Fortinet reported adjusted earnings per share of $0.43, which was $0.05 higher than analyst expectations. The company's total revenue for the quarter was $1.35 billion, marking a 7% year-over-year increase and exceeding the consensus estimate of $1.34 billion.In a separate development, Cloudflare's fiscal first-quarter earnings amounted to an EPS of $0.16, surpassing the expected $0.13. The company's revenue reached $378.6 million, also beating the forecast of $373.24 million.
Looking ahead, Cloudflare has set its Q2 2024 EPS guidance at $0.14, which is marginally higher than the consensus estimate of $0.13. The company's revenue forecast for the second quarter ranges between $393.5 million and $394.5 million, closely aligning with the consensus projection. For the entire year of 2024, Cloudflare expects its EPS to be in the range of $0.60 to $0.61, with the lower end meeting the analysts' expectations, and anticipates full-year revenue to be between $1.648 billion and $1.652 billion, matching the consensus.Earlier today, Cyberark stock fell 1.5% after the company reported results.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.