Fortinet's Firewall Refresh and Enterprise Deals Drive Growth, Analysts Highlight Upsell Potential
1. Fortinet Q4 revenue grew 17%, exceeding estimates by $0.07 billion. 2. Adjusted earnings of 74 cents surpassed analyst expectations of 61 cents. 3. First-quarter revenue guidance is slightly below consensus at $1.5-$1.56 billion. 4. Billings increased 7% to $2 billion, driven by strong SASE growth. 5. Analysts maintain mixed ratings, with Goldman Sachs reiterating a Buy at $130.