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Fortinet's (FTNT) second-quarter results reflect strength in demand from large enterprise customers and growth in the company's security subscriptions.

Fortinet (FTNT) shares surged in premarket trading on Wednesday after the cybersecurity solutions provider raised its full-year revenue outlook, as enterprise customers increase spending to protect their data and applications from cyberattacks.

Zscaler is finding success with its "zero-trust" cybersecurity offerings. Palo Alto is an established cybersecurity leader that's still closing big deals.

Fortinet, Inc. (NASDAQ:FTNT ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Aaron Ovadia - Director of Investor Relations Ken Xie - Founder, Chairman & Chief Executive Officer Keith Jensen - Chief Financial Officer John Whittle - Chief Operating Officer Conference Call Participants Brian Essex - JPMorgan Hamza Fodderwala - Morgan Stanley Fatima Boolani - Citi Gabriela Borges - Goldman Sachs Tal Liani - Bank of America Rob Owens - Piper Sandler Shaul Eyal - TD Cowen Brad Zelnick - Deutsche Bank Adam Tindle - Raymond James Adam Borg - Stifel Saket Kalia - Barclays Joseph Gallo - Jefferies Operator Good day and thank you for standing by. Welcome to the Fortinet Second Quarter Earnings Call.

After disappointing three months ago with a miss on billings, Fortinet Inc. was set to be back in investors' good graces after the cybersecurity company's latest earnings report brought upbeat results and guidance.

While the top- and bottom-line numbers for Fortinet (FTNT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fortinet (FTNT) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.38 per share a year ago.

Cybersecurity firm Fortinet raised its annual revenue forecast on Tuesday, as companies spend more on safeguarding their digital assets and operations against cyberattacks.

Record quarterly GAAP and Non-GAAP operating margins Raises 2024 revenue and Non-GAAP operating margin guidance Continuing to invest in the fast-growing Unified SASE and Security Operations markets

Strategic move will integrate Next DLP's cloud-native SaaS data protection platform and leading AI/ML-based anomaly detection and classification capabilities to strengthen Fortinet's offerings in standalone and integrated data loss prevention Strategic move will integrate Next DLP's cloud-native SaaS data protection platform and leading AI/ML-based anomaly detection and classification capabilities to strengthen Fortinet's offerings in standalone and integrated data loss prevention