Fortinet Surges 18.5% Since Q3 Results: Time to Buy the Stock?

Fortinet's (FTNT) impressive third-quarter 2024 results have sparked renewed investor interest, with the stock surging 18.5% post-earnings. The cybersecurity giant demonstrated remarkable financial discipline, achieving record gross margin and operating margin, with the latter increasing 830 basis points to more than 36%. Total revenue growth of 13% marks a significant milestone as the company returns to positive billings and product revenue growth.Fortinet reported third-quarter 2024 non-GAAP earnings per ...