Apple, Arm, Fortinet: Premarket Movers

NEW YORK (TheStreet) -- Apple shares surged in premarket trading on Wednesday as investors responded to the tech giant's blowout second-quarter results, reported after the market closed on Tuesday. The iPhone maker's stock was up $50.67, or 9.04%, to $610.95 after the company again shredded Wall Street's estimates. Apple announced quarterly earnings of $12.30 a share on $39.2 billion in revenue.

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BING NEWS:
  • Fortinet dips amid mixed Q1 with billings miss but Wall Street positive on future growth
    KeyBanc reiterated its Sector Weight rating on Fortinet noting that the first quarter billings miss, and the second quarter billings guidance was below estimates, consistent with the firm's weaker ...
    05/3/2024 - 2:26 am | View Link
  • Fortinet’s Strong Revenue Growth and Positive Market Outlook Merit Buy Rating
    Tal Liani has given his Buy rating due to a combination of factors including Fortinet’s solid revenue growth and positive guidance. Fortinet’s revenue growth exceeded expectations in the first quarter ...
    05/2/2024 - 5:18 pm | View Link
  • Fortinet’s Robust Quarter and Positive Outlook Affirm Buy Rating
    Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on Fortinet (FTNT – Research Report), reducing the price target to ...
    05/2/2024 - 4:25 pm | View Link
  • Fortinet’s stock falls 8% 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 ...
    05/2/2024 - 9:44 am | View Link
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