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Fortinet Inc. (FTNT) Has Broken Out To A New High After Q4 Report

Fortinet Inc. (FTNT) reported fourth quarter EPS of $0.32 after the bell Monday, up from $0.30 in the prior year period. The company expects to report first quarter EPS of $0.21 to $0.22 and full year EPS of $1.30 to $1.32.

Fortinet gapped open higher Tuesday morning and has continued to rise in early trade. The stock is now up 2.92 at $46.75. Fortinet has broken out of a month and a half long trading range and has set a new high for the year.

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