Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Sriraj Kalluvila and Devika Syamnath
NSE5_FMG-7.0 tricks - Fortinet NSE 5 - FortiManager 7.0 Updated: 2023
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Exam Code: NSE5_FMG-7.0 Fortinet NSE 5 - FortiManager 7.0 tricks November 2023 by Killexams.com team|
NSE5_FMG-7.0 Fortinet NSE 5 - FortiManager 7.0
- exam Name: Fortinet NSE5_FMG-7.0 Fortinet NSE 5 - FortiManager 7.0
- exam Format: Multiple-choice questions
- exam Duration: 120 minutes
- Passing Score: 70%
- Prerequisites: None
- Certification Validity: 2 years
Course Outline: Fortinet NSE5_FMG-7.0 Fortinet NSE 5 - FortiManager 7.0
I. Introduction to Fortinet FortiManager
A. Overview of FortiManager features and benefits
B. Understanding the role of FortiManager in Fortinet solutions
C. FortiManager architecture and deployment options
II. FortiManager Administration
A. FortiManager installation and setup
B. System configuration and maintenance
C. User management and permissions
III. Device Management with FortiManager
A. Device registration and provisioning
B. Firmware management and upgrades
C. Device group management and templates
IV. Policy and Configuration Management
A. Security policy management and enforcement
B. Object management and database synchronization
C. Configuration rollback and revision control
V. FortiManager Monitoring and Reporting
A. Log management and analysis
B. Event notifications and alerts
C. Reporting and analytics
VI. High Availability and Redundancy
A. Implementing high availability for FortiManager
B. Active-passive and active-active configurations
C. Failover and synchronization
VII. FortiManager Integration and Automation
A. Integrating FortiManager with FortiAnalyzer and FortiGate
B. REST API and automation capabilities
C. Centralized device and policy management
- Understand the features and benefits of Fortinet FortiManager
- Administer FortiManager and perform system configuration and maintenance tasks
- Manage devices using FortiManager, including registration, provisioning, and firmware management
- Configure and enforce security policies through FortiManager
- Monitor and analyze logs, events, and generate reports
- Implement high availability and redundancy for FortiManager
- Integrate FortiManager with other Fortinet products and automate management tasks
The syllabus for the Fortinet NSE5_FMG-7.0 Fortinet NSE 5 - FortiManager 7.0 course will cover the following topics:
- Introduction to Fortinet FortiManager
- FortiManager Administration
- Device Management with FortiManager
- Policy and Configuration Management
- FortiManager Monitoring and Reporting
- High Availability and Redundancy
- FortiManager Integration and Automation
|Fortinet NSE 5 - FortiManager 7.0|
Fortinet FortiManager tricks
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Fortinet NSE 5 - FortiManager 7.0
What will happen if FortiAnalyzer features are enabled on FortiManager?
A. FortiManager will reboot
B. FortiManager will send the logging configuration to the managed devices so the managed devices will start sending logs to FortiManager
C. FortiManager will enable ADOMs automatically to collect logs from non-FortiGate devices
D. FortiManager can be used only as a logging device.
An administrator has assigned a global policy package to a new ADOM called ADOM 1.
What will happen if the administrator tries to create a new policy package in ADOM1?
A. When creating a new policy package, the administrator can select the option to assign the global policy package to the new policy package
B. When a new policy package is created, the administrator needs to reapply the global
policy package to ADOM 1.
C. When a new policy package is created, the administrator must assign the global policy package from the global ADOM.
D. When the new policy package is created, FortiManager automatically assigns the global policy package to the new policy package.
In the event that the primary FortiManager fails, which of the following actions must be performed to return the FortiManager HA to a working state?
A. Secondary device with highest priority will automatically be promoted to the primary role, and manually reconfigure all other secondary devices to point to the
new primary device
B. Reboot one of the secondary devices to promote it automatically to the primary role, and reconfigure all other secondary devices to point to the new primary
C. Manually promote one of the secondary devices to the primary role, and reconfigure all other secondary devices to point to the new primary device.
D. FortiManager HA state transition is transparent to administrators and does not require any reconfiguration.
FortiManager_6.4_Study_Guide-Online C page 346
FortiManager HA doesn’t support IP takeover where an HA state transition is transparent to administrators. If a failure of the primary occurs, the administrator
must take corrective action to resolve the problem that may include invoking the state transition.
If the primary device fails, the administrator must do the following in order to return the FortiManager HA to a working state:
Refer to the exhibit.
Which two statements about the output are true? (Choose two.)
A. The latest revision history for the managed FortiGate does match with the FortiGate running configuration
B. Configuration changes have been installed to FortiGate and represents FortiGate configuration has been changed
C. The latest history for the managed FortiGate does not match with the device-level database
D. Configuration changes directly made on the FortiGate have been automatically updated to device-level database
STATUS: dev-db: modified; conf: in sync; cond: pending; dm: retrieved; conn: up
C dev-db: modified C This is the device setting status which indicates that configuration changes were made on FortiManager.
C conf: in sync C This is the sync status which shows that the latest revision history is in sync with Fortigate’s configuration.
C cond: pending C This is the configuration status which says that configuration changes need to be installed.
Most probably a retrieve was done in the past (dm: retrieved) updating the revision history DB (conf: in sync) and FortiManager device level DB, now there is a
new modification on FortiManager device level DB (dev-db: modified) which wasn’t installed to FortiGate (cond: pending), hence; revision history DB is not
aware of that modification and doesn’t match device DB.
C Revision DB does match FortiGate.
C No changes were installed to FortiGate yet.
C Device DB doesn’t match Revision DB.
C No changes were done on FortiGate (auto-update) but configuration was retrieved instead
After an Auto-Update or Retrieve:
device database = latest revision = FGT
Then after a manual change on FMG end (but no install yet):
latest revision = FGT (still) but now device database has been modified (is different).
After reverting to a previous revision in revision history:
device database = reverted revision != FGT
View the following exhibit.
Which statement is true regarding this failed installation log?
A. Policy ID 2 is installed without a source address
B. Policy ID 2 will not be installed
C. Policy ID 2 is installed in disabled state
D. Policy ID 2 is installed without a source device
What is the purpose of the Policy Check feature on FortiManager?
A. To find and provide recommendation to combine multiple separate policy packages into one common policy package
B. To find and merge duplicate policies in the policy package
C. To find and provide recommendation for optimizing policies in a policy package
D. To find and delete disabled firewall policies in the policy package
Which two settings must be configured for SD-WAN Central Management? (Choose two.)
A. SD-WAN must be enabled on per-ADOM basis
B. You can create multiple SD-WAN interfaces per VDOM
C. When you configure an SD-WAN, you must specify at least two member interfaces.
D. The first step in creating an SD-WAN using FortiManager is to create two SD-WAN firewall policies.
Which two items does an FGFM keepalive message include? (Choose two.)
A. FortiGate uptime
B. FortiGate license information
C. FortiGate IPS version
D. FortiGate configuration checksum
An administrator, Trainer, who is assigned the Super_User profile, is trying to approve a workflow session that was submitted by another administrator, Student.
However, Trainer is unable to approve the workflow session.
What can prevent an admin account that has Super_User rights over the device from approving a workflow session?
A. Trainer is not a part of workflow approval group
B. Trainer does not have full rights over this ADOM
C. Trainer must close Student’s workflow session before approving the request
D. Student, who submitted the workflow session, must first self-approve the request
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Cybersecurity pure-play leader Fortinet (FTNT -1.25%) got clobbered again after investors were disappointed with another quarterly financial update. The third quarter of 2023 was solid enough. However, the company's product growth (primarily firewalls for things like data centers and remote branch offices) is facing cyclical decline.
Is it time to buy, or is Fortinet stock now a falling knife too dangerous to try to catch?
Fortinet stepping away from its differentiated product, for now
There were two reasons for Fortinet's most recent stock collapse, which has now erased all gains made in 2023. First, management missed its own guidance for Q3 2023 billings (invoices sent to customers). Billings were $1.49 billion, versus the outlook three months ago for them to be $1.56 billion to $1.62 billion.
And second, at the midpoint of new guidance, billings are expected to close out 2023 down 5% from the $1.7 billion reported in Q4 of 2022.
What's happening? After all, cybersecurity is a booming industry. As more organizations migrate their IT over to the cloud, there is incredible demand for next-gen security that can keep data and apps safe.
Primarily, it's Fortinet's big chunk of business tied to product, again, primarily hardware-based firewalls that monitor traffic for a physical location. Product revenue accounted for 35% of the total in Q3. And unfortunately, sales declined 0.6% year over year. Given a deepening down cycle in data center and cloud infrastructure (many customers are doing belt-tightening this year, and reallocating budgets to AI infrastructure), it's no surprise Fortinet believes this segment will remain in a period of decline through the first half of 2024.
But Fortinet is making a pivot toward a new subscription product (services were the other 65% of revenue in Q3) to make up for the hardware downturn. Specifically, it's the SASE (secure access service edge) offering, which it announced a couple weeks prior to the earnings update that it was expanding, utilizing dozens of Alphabet's Google Cloud data centers to strengthen its "Universal SASE."
Fortinet revealed its SASE subscription already represented 20% of billings in Q3, and the company thinks it can grow this offering quickly in the coming quarters and years given the resilient demand for cloud-based security, despite the firewall hardware pullback.
Is this a buying opportunity?
The billings picture looks ugly, but Fortinet management thinks it can still be a single-digit-percentage revenue-growth business through at least Q2 2024. Beyond that, the top team hopes to be back in a mid- to high-teens percentage growth rate once again. And paired with its highly profitable core business, Fortinet believes it can sustain adjusted operating profit margins north of 25% along the way, which should equate to its prior long-term guidance for free-cash-flow profit margins of over 30%.
Of course, I can understand why an investor might doubt this management confidence, given it just missed its guidance two quarters in a row. However, Fortinet would like to remind everyone it has done an exceptional job of clobbering the market since its initial public offering in 2009. That may count for something.
At any rate, it's now up to the top team at Fortinet to execute on this SASE product bridge while the hardware market stabilizes. I expect more turbulence going forward. However, I'm inclined to believe this is still a great business for those eyeing the potential of the cybersecurity market overall in the decade ahead, not a falling knife (at least not for forever).
Fortinet stock now trades for 35 times trailing-12-month earnings, or just 19 times free cash flow. It could be a reasonable value after the market has doled out some punishment, but tread cautiously.
Nov 3 (Reuters) - Fortinet (FTNT.O) sank nearly 18% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy.
The current losses, if they hold, were set to wipe out nearly $8 billion from the company's market value.
Fortinet cut its annual revenue target on Thursday and said it expects current-quarter sales between $1.38 billion and $1.44 billion, below estimates of $1.50 billion, LSEG data showed.
"We thought sentiment reflected an expectation for a miss/ guide down, but the magnitude was even worse than our bogeys," said Raymond James analysts.
Competition in the sector has been intensifying as clients seek companies that serve as a one-stop shop for all cybersecurity needs, weighing on growth of smaller players and boosting sales at the likes of Palo Alto.
Fortinet continues "to see increased deal scrutiny and longer sales cycles, which is constraining near-term results", CFO Keith Jensen said on Thursday.
Growth is also slowing in some parts of the company's business as demand normalizes after two years of rapid gains during the pandemic.
"This was a debacle quarter for Fortinet," Wedbush analysts said. "It's a head scratcher how weak things got at Fortinet."
Overall, eight brokerages downgraded the company and at least 18 analysts cut their price targets, pushing the median to $59, LSEG data showed.
Fortinet shares have risen nearly 18% this year. It currently trades at nearly 33 times its 12-month forward earnings estimates, compared with Palo Alto's 44.6 and CrowdStrike's 54.5.
Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Sriraj Kalluvila and Devika Syamnath
Our Standards: The Thomson Reuters Trust Principles.
Fortinet Inc. whiffed badly with its guidance three months ago, and the companyâ€™s third-quarter report Thursday brought another disappointment.
The cybersecurity company came up short with its fourth-quarter revenue forecast, which calls for $1.38 billion to $1.44 billion. Analysts were looking for $1.50 billion. Fortinetâ€™s FTNT, -1.25% management also projects $1.56 billion to $1.70 billion in billings, which is defined as GAAP revenue plus the change in deferred revenue from the beginning to the end of the period, minus any deferred revenue balances.
The FactSet consensus on that metric was for $1.90 billion in billings.
Fortinet is looking for 42 cents to 44 cents in adjusted earnings per share during the fourth quarter, which compares with the 42-cent FactSet consensus.
Shares were off 17% in after-hours trading Thursday. The stock had seen a 25% post-earnings drop when Fortinet posted second-quarter results in early August, which made for the stockâ€™s worst single-day percentage drop on record.
Fortinet shares are still up 18% so far this year.
The company generated third-quarter revenue of $1.34 billion, up from $1.15 billion a year before, while analysts were modeling $1.35 billion. Billings reached $1.49 billion, up 6% from a year before, whereas analysts had been looking for $1.59 billion.
Third-quarter net income came in at $322.9 million or 41 cents a share, compared with $231.6 million, or 29 cents a share, a year before. The FactSet consensus was for 36 cents a share.
Big cybersecurity pure play Fortinet (FTNT -1.25%) took a beating after its last earnings update in August 2023. After a hot growth streak during the pandemic-fueled cycle of data center upgrades (in support of a big pivot to cloud computing), Fortinet is slowing down. Investors took the opportunity to take some profit in the richly valued stock.
But Fortinet isn't idly sitting by and hoping that its unified network security hardware and software business will rebound. The company has been quietly making a push into a new realm of cybersecurity, and it just announced a new partnership with Alphabet's (GOOGL 1.72%) (GOOG 1.70%) Google Cloud to further its efforts. Is it time to buy the dip in Fortinet stock?
Fortinet's big move into software services
Fortinet has long had a secret weapon in the cybersecurity market. Not only does it design firewalls -- network security devices that monitor network traffic -- but it also designs proprietary chips that power them. It calls these Security Processing Units, or SPUs, a type of CPU customized for security purposes.
This has helped Fortinet crank out best-in-class security hardware, which customers purchase to secure physical locations (everything from a data center to an office building to a retail store), and which gets bundled together and operates with its software services (the recurring subscription-based revenue part of Fortinet).
The stock fell hard this past summer because its high valuation was paired with a downgrade to management's near-term growth outlook. Expectations for full-year 2023 billings (the value of invoices sent to customers) were reduced by a couple hundred million dollars, to a range of $6.49 billion to $6.59 billion, as some customers have slowed spending and signing new contracts this year. The revised guidance implies Fortinet's overall revenue expansion will sink below the 20% mark.
But not all is lost, as Fortinet still expects to see double-digit percentage growth for the foreseeable future. The new Google Cloud deal illustrates the big opportunities that still lie ahead for the company.
Specifically, Fortinet is expanding its points-of-presence (POPs) for its secure access service edge (SASE, pronounced "sassy") security service, called Fortinet Universal SASE.
What exactly is SASE?
SASE is a type of security architecture first labeled as such by tech researcher Gartner in 2019. SASE refers to the unification of network hardware and security software-as-a-service (SaaS), combining multiple technologies into one converged security solution.
The idea behind SASE is to provide a holistic security service that a company can deploy to all of its operations -- such as an office building, a location remote from a main campus, employees working in the field or from home, a data center supporting a company's private cloud apps, and public cloud services.
Fortinet, along with many other cybersecurity leaders like Palo Alto Networks (PANW -5.42%), was quick to start building out SASE. Fortinet's legacy of best-in-class hardware is a great start in this arena. But to fully meet the definition of SASE, a security service must be cloud-based (located in a data center) and globally distributed. That's where Google Cloud comes in.
Is Fortinet's SASE the real deal, or is it just getting sassy with the competition?
To boost its competitiveness, Fortinet will use Google Cloud's dozens of POPs (small data centers located in strategic markets close to end users) to expand its Universal SASE. Presumably, this will rely heavily on Fortinet's own SPU-powered firewalls, and it could really up the game for Fortinet's SASE service.
This past summer, Gartner named Fortinet a challenger in this realm of next-gen cybersecurity, along with a couple of private start-ups. But big security pure-play Palo Alto Networks was named the only leader in this department. Fortinet together with Google Cloud could narrow that gap.
This deal looks like a win-win. Google Cloud lands a bigger customer in Fortinet for its cloud infrastructure, and Fortinet gets some global computing power for one of its marquee services. I own both Alphabet and Fortinet stock, and I plan to hold both for the long term.
But what of Fortinet's slowdown? Perhaps the buildout of its Universal SASE will help this security leader reignite conversations with existing and potential customers. After all, the cadence of data breaches and cybersecurity incidents isn't abating. Businesses around the world continue to get exposed as being deficient in data security. There's no shortage of demand for services like Fortinet Universal SASE.
But only time will tell if Fortinet's slowdown is a sign of a permanent tapering-off in growth, or just a lull due to weakening economic conditions in 2023. I believe Fortinet is still in good shape, and has a new growth lever to pull on with this upgraded Google Cloud partnership.
Nevertheless, bear in mind that Fortinet stock does still trade for a high premium. As of this writing, the share price values the company at 44 times trailing-12-month earnings, or 29 times trailing-12-month free cash flow. Suffice it to say the market still has high hopes for Fortinet. As with some other premium-priced stocks, consider using a dollar-cost average plan to build a position over time, if you think Fortinet still has years of growth prospects ahead.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Nicholas Rossolillo and his clients have positions in Alphabet, Fortinet, and Palo Alto Networks. The Motley Fool has positions in and recommends Alphabet, Fortinet, and Palo Alto Networks. The Motley Fool recommends Gartner. The Motley Fool has a disclosure policy.
Nov 2 (Reuters) - Cybersecurity firm Fortinet (FTNT.O) forecast fourth-quarter revenue below Wall Street estimates on Thursday, as it grapples with weak corporate spending in an uncertain economy, sending its shares down more than 16% in extended trading.
Added to that, analysts have said large customers of cybersecurity companies are opting for short-term deals to ensure safety of their IT systems against online threats as they keep a tight leash on their spending.
Chief Financial Officer Keith Jensen said on an earnings call that Fortinet continues "to see increased deal scrutiny and longer sales cycles, which is constraining (the company's) near-term results."
"We expect these longer sales cycles to continue along with the associated budgetary scrutiny," he added.
The Sunnyvale, California-based company expects current-quarter revenue between $1.38 billion and $1.44 billion, while analysts were expecting $1.50 billion, according to LSEG data.
Fortinet also cut its full-year revenue outlook to a range of $5.27 billion to $5.33 billion, from its prior forecast of $5.35 billion to $5.45 billion.
Meanwhile, high-profile breaches at gambling giants MGM Resorts International (MGM.N), Caesars Entertainment (CZR.O) and the cleaning supplies maker Clorox (CLX.N) underlined the need for robust cyber safety solutions.
Fortinet, however, raised its annual adjusted profit per share outlook in the range of $1.54 to $1.56, from a prior $1.49 to $1.53 per share.
Third-quarter revenue stood at $1.33 billion, falling short of estimates of $1.35 billion.
The company posted an adjusted profit of 41 cents per share, compared with estimates of 36 cents per share.
Reporting by Jaspreet Singh in Bengaluru; Editing by Anil D'Silva and Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles.
Fortinet FTNT is scheduled to report third-quarter 2023 results on Nov 2, after market close.
The cybersecurity firm projects revenues between $1.315 billion and $1.375 billion. The Zacks Consensus Estimate for the same is pegged at $1.35 billion, suggesting year-over-year growth of 17.3%.
The company forecasts third-quarter non-GAAP earnings in the range of 35-37 cents per share. The consensus mark is pegged at 37 cents per share, implying growth of 12.12% from the year-ago figure of 24 cents.
Fortinetâ€™s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 17.06%.
Fortinet, Inc. Price and EPS Surprise
Fortinet, Inc. price-eps-surprise | Fortinet, Inc. Quote
Factors to Consider
For the July-September quarter, Fortinet anticipates billings in the band of $1.56-$1.62 billion. The heightened demand for its security and networking products in the prevailing hybrid working environment and the accelerated emergence of digital technologies might have benefited the to-be-reported quarterâ€™s performance. Our model estimate for Billings in the third quarter is pegged at $1.594 billion, suggesting year-over-year growth of 13%.
The rapid adoption of FortiGate-based secure Software-Defined Wide Area Network (SD-WAN) offerings is likely to have supported FTNTâ€™s Product segment. Our model estimates Product revenues in the third quarter to be $499.7 million, suggesting year-over-year growth of 6.6%.
FortiGuard security subscriptions and FortiCare technical support services are likely to have gained solid traction, favoring the companyâ€™s Services segment. Our model estimate for quarterly Services revenues is pegged at $843.3 million, indicating a year-over-year improvement of 23.9%.
Fortinetâ€™s third-quarter performance is likely to have gained from higher global cybersecurity spending. The growing adoption of SD-WAN solutions might have acted as a tailwind. Per MarketsandMarkets, the market size for SD-WAN solutions is likely to reach $13.7 billion by 2027 from $3.4 billion in 2022, witnessing a CAGR of 31.9%.
As one of the broadest security service providers globally, Fortinetâ€™s FortiTrust, a unified solution with a single user-based licensing model for flexible consumption across networks, endpoints and clouds, has been witnessing solid traction. This might have driven the companyâ€™s private and public cloud billings.
However, softness in overall IT spending is likely to negatively impact FTNTâ€™s third-quarter results. Organizations are pushing back their big and expensive IT investments amid growing recessionary concerns.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Fortinet this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, thatâ€™s not the case here.
Although FTNT carries a Zacks Rank #3 at present, it has an Earnings ESP of -4.11%. You can uncover the best stocks to buy or sell before theyâ€™re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Per our model, NVIDIA Corporation NVDA, Palantir Technologies PLTR and Synaptics SYNA have the right combination of elements to post an earnings beat in their upcoming releases.
NVIDIA sports a Zacks Rank #1 and has an Earnings ESP of +6.93% at present. The company is scheduled to report third-quarter fiscal 2023 results on Nov 21. Its earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters and missed the same on one occasion, the average surprise being 9.8%. You can see the complete list of todayâ€™s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVIDIAâ€™s third-quarter earnings is pegged at $3.34 per share, indicating a year-over-year increase of 475.9%. The consensus mark for revenues is pinned at $16.12 billion, suggesting a year-over-year surge of 171.7%.
Palantir carries a Zacks Rank #2 and has an Earnings ESP of +4.35% at present. The company is scheduled to report third-quarter 2023 results on Nov 2. Its earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters while missing on one occasion, with the average surprise being 2.1%.
The Zacks Consensus Estimate for Palantirâ€™s third-quarter earnings is pegged at 6 cents per share, indicating a year-over-year improvement of 500%. It is estimated to report revenues of $555 million, which suggests an increase of approximately 16.1% from the year-ago quarter.
Synaptics is slated to report first-quarter fiscal 2024 results on Nov 9. The company has a Zacks Rank #2 and an Earnings ESP of +3.54% at present. Its earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters while missing on one occasion, the average surprise being 3.6%.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 38 cents per share, suggesting a decrease of 89.2% from the year-ago quarterâ€™s earnings of $3.52. Synapticsâ€™ quarterly revenues are estimated to decline 48.2% year over year to $232 million.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Fortinet (NASDAQ:FTNT) tumbled 20% postmarket Thursday after reporting a sales forecast that missed estimates.
For the fourth quarter, Fortinet expects revenue in the range of $1.38B to $1.44B compared to the average analyst estimate of $1.49B, and EPS of $0.42 to $0.44 versus the expectation of $0.42. Billings are expected in the range of $1.56B to $1.7B, compared to billings of $1.72B a year earlier.
For the third quarter, EPS of $0.41 beat the average analyst estimate by $0.05, while revenue of $1.33B missed by $20M.
Total billings were $1.49B for the third quarter of 2023, an increase of 5.7% compared to $1.41B for the same quarter of 2022.
â€śWhile the Secure Networking market is experiencing slower growth as product demand returns to normal levels following two years of elevated growth, we are leveraging our scale, go-to-market capabilities and engineering expertise to focus our attention on the faster growing SASE and Security Operations markets, in addition to continuing our focus on Secure Networking,â€ť said Chief Executive Officer Ken Xie.
Fortinet is up 18% year-to-date.
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