Fortinet Inc

FTNT: XNAS (USA)
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Fortinet Earnings: Strong Cyber Demand Boosts Quarterly Sales, but Outlook Disappoints Investors

Fortinet reported third-quarter results that included sales growth of 20% to $2.1 billion and adjusted operating margins expanding 130 basis points to 38.2%. The firm's billings grew 29%, with security operations and SASE, its nascent segments, contributing 34% of total billings.

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