Fortinet Inc.
Fortinet Corrects Third Quarter and Annual Guidance After Strong Second Quarter Performance
Summary
On August 6, 2024, Fortinet, Inc. amended its Current Report on Form 8-K to correct its guidance for the third quarter of 2024 and fiscal year 2024 with respect to diluted non-GAAP net income per share. The Company now expects diluted non-GAAP net income per share in the range of $0.50 to $0.52 for the third quarter of 2024 and $2.00 to $2.04 for fiscal year 2024. This amendment follows the announcement of Fortinet's strong financial results for the second quarter of 2024, which included record operating margins and revenue growth.
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About Fortinet Inc.
Fortinet Inc. is a global leader in cybersecurity solutions, primarily focused on developing robust security systems to protect against cyber threats. The company's extensive product line includes firewalls, antivirus, intrusion prevention systems, and endpoint security, designed to provide comprehensive protection for networks, cloud infrastructures, and critical applications. Fortinet serves a vast array of clients across different sectors, including enterprises, service providers, and government organizations, addressing their evolving security needs in an increasingly digitized and interconnected business environment. Founded in 2000 and headquartered in Sunnyvale, California, Fortinet's commitment to innovation is evident through its investment in advanced technologies like artificial intelligence and machine learning, enhancing the efficiency and responsiveness of its security solutions. The company’s significant role in the market is underscored by its FortiGuard Labs, delivering real-time intelligence and proactive threat detection to a global clientele. As a pivotal player in the cybersecurity industry, Fortinet helps drive digital transformation while ensuring digital integrity, maintaining a critical stance in safeguarding sensitive data and maintaining secure digital operations across the world.
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