Fortinet raises annual revenue forecast

Fortinet, Inc.

Fortinet, Inc.

FTNT

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- Fortinet FTNT.O raised its full-year revenue forecast on Wednesday, signaling that demand for cybersecurity tools is stabilizing as businesses prioritize protecting their networks from sophisticated threats.

The cybersecurity firm 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.