BUZZ-Fortinet surges after lifting annual forecasts

Fortinet, Inc.

Fortinet, Inc.

FTNT

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** Shares of cybersecurity firm Fortinet FTNT.O rise 16% to $105 in extended trading

** Co expects full-year revenue to range between $7.71 billion and $7.87 billion, compared with its earlier projection of $7.50 billion to $7.70 billion

** Forecasts annual adjusted profit per share in the range of $3.10 to $3.16, above its earlier expectations of $2.94 to $3

** Beats Wall Street estimates for first-quarter results and forecasts second-quarter revenue above expectations

** FTNT up 13.3% YTD


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