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Cybersecurity Firm Fortinet's Billings Drag Stock Despite Revenue and Earnings Beat
Key Takeaways Fortinet tumbled after its billings and product revenue fell even as first-quarter results beat forecasts.The cybersecurity firm's product revenue sank 18.3%.Cybersecurity firms like Fortinet are suffering as companies keep a tight lid on their budgets.
Fortinet’s stock falls 9% after cybersecurity company’s quarterly billings drop
Shares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and
Fortinet projects quarterly billings below estimates as competition heats up
Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity tools.
Cybersecurity stocks drop as Fortinet, Cloudflare results disappoint
Shares in major cybersecurity services providers slipped in Thursday afterhours trade after sector names Fortinet (NASDAQ:FTNT) and Cloudflare (NYSE:NET) reported results. Their shares are down 8.8% and 14.
Billings Gazette
1h
Billings man admits attempted sex trafficking of minor girl
The defendant, Joshua Allen Morgan, 40, pleaded guilty to attempted sex trafficking of a minor. Morgan faces a mandatory ...
ktvq
1d
Chief identifies Billings police officer who shot and killed armed man downtown
Officer Zach Willis is an 11-year veteran of the police force and a member of the department's SWAT team, St. John said.
7h
Fortinet falls amid mixed Q1 with billings miss; Wall Street positive on future growth
Fortinet's stock fell 8% after Q1 results, but Wall Street analysts maintained their ratings. Read more here ...
krtv
2d
Woman dies after being hit by a vehicle in Billings
The 55-year old woman from Billings was declared dead on arrival at a Billings hospital. Her name has not yet been released.
ktvq
20h
Q2 Billings Area Weather: We get a weekend break but rain returns by Monday
It is a drier weather pattern for the weekend. But by early next week, the chance of rain goes up and some of their ...
NBC Montana
2d
Billings authorities search for vehicle in fatal hit-and-run
BILLINGS
, Mont. —
Billings
authorities and Montana Highway Patrol are searching for a vehicle in a fatal hit-and-run that ...
Billings Gazette
21h
Billings man sentenced to 60 years for recording child sex abuse
A
Billings
man was sentenced Thursday to decades in prison after admitting to filming himself sexually abusing a child.
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