YUMC - Why Fortinet Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Fortinet, Inc. (NASDAQ: FTNT) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued guidance.
Fortinet reported quarterly earnings of 51 cents per share, which beat the analyst consensus estimate of 43 cents by 18.6%. The company reported quarterly sales of $1.42 billion, beating the analyst consensus estimate of $1.41 billion.
Fortinet anticipates full-year 2024 revenue between $5.71 billion and $5.81 billion and an adjusted EPS of $1.65 to $1.70.
Fortinet shares gained 9.4% to $73.80 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- MariaDB plc (NYSE: MRDB) gained 125.2% to $0.5423 in pre-market trading after jumping more than 26% on Tuesday.
- Psyence Biomedical Ltd. (NASDAQ: PBM) shares jumped 41.2% to $2.19 in pre-market trading after gaining around 9% on Tuesday.
- Griid Infrastructure Inc. (NASDAQ: GRDI) gained 27.4% to $2.70 in pre-market trading after gaining over 4% on Tuesday.
- Solidion Technology Inc. (NASDAQ: STI) shares gained 20.8% to $2.50 in pre-market trading after dipping over 30% on Tuesday.
- Zapp ...