US markets: weekly earnings summary 9. May
The NASDAQ-100 index rose 5,73% last week as the earnings season revealed a clear leader: artificial intelligence. Although several tech companies exceeded expectations due to AI demand, results in other sectors were mixed, reflecting both one-off costs and actual weakness.
FTNTFortinet (FTNT)
Fortinet (FTNT) reported better-than-expected results, lifting the stock to a new high. The company's revenue grew 20,1% and operating profit 26,4%, driven by strong demand for cybersecurity solutions, especially for the Unified SASE platform. The company also raised its full-year guidance, providing confidence to investors. Despite pressure on margins, the stock ended the week with a 32,2% gain.
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