Fortinet rises after forecasting fiscal year revenue above estimates

Shares of cybersecurity company Fortinet FTNT.O rise 1.6% to $80.20 premarket

FTNT late on Thursday forecast annual revenue in the range of $7.5 billion and $7.7 billion, compared with estimates of $7.51 billion - data compiled by LSEG

Co expects annual adjusted EPS of between $2.94 and $3.00, compared with estimates of $2.94

YTD, FTNT up 0.6%