Fortinet ($FTNT) reported a big earnings jump, with revenue at $1.42B compared to the estimated $1.41B and EPS at $0.51 compared to the estimated $0.42, resulting in a 12% after-hours increase. This led to a jump in Palo Alto Networks ($PANW) stock as well. PANW is set to gap out of monthly value following the FTNT and TENB reports, with no bear confirmation and a huge upside break from daily consolidation. Additionally, PANW is on a breakout again, with an increase in let it ride stop.
$PANW on breakout again. Inched up my let it ride stop https://t.co/Uw7mtsaWxA
$PANW - no bear confirmation for a reason yesterday - huge upside break from daily consol
$PANW set to gap out of monthly value followin gthe FTNT, TENB reports
$FTNT Rev $1.42B Vs $1.41 V est $0.51 EPS vs $0.42 EST Up 12% AH solid https://t.co/2LSGAHeyIv
$ftnt big er jump $panw jumps too