BUZZ-Fortinet rises after upbeat annual revenue forecast

Shares of cybersecurity company Fortinet FTNT.O rise 11% to $116.5 in after-hours trading

FTNT forecasts FY25 revenue between $6.65 bln and $6.85 bln, above analysts' estimates of $6.63 bln, according to data compiled by LSEG

Company sees Q1 revenue between $1.50 bln and $1.56 bln, the midpoint of which is in line with estimates of $1.53 bln

Posts Q4 revenue of $1.66 bln, beating estimates of $1.59 bln

FTNT had risen 61.4% in 2024