Fortinet stock forecast strong balance sheet metrics reinforce

Strong balance sheet metrics reinforce the Fortinet stock forecast optimism. The cash-to-debt ratio positions the company well for strategic acquisitions without equity dilution. Reporting its fourth-quarter results Tuesday after the close, Fortinet beat expectations on both the top and bottom lines. Instead of the $0.43 per share (adjusted) profit on $1.41 billion in sales it was expected to report, the company earned $0.51 per share on sales of $1.42 billion. Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info Cybersecurity spending trends in cloud security suggest a sustainable uptrend through late