Fortinet's earnings beat expectations, though analysts maintain a "Hold" rating on the cybersecurity firm.

Several institutional investors have adjusted their stakes in Fortinet, Inc., a cybersecurity and networking solutions provider. Despite varied investor actions, Fortinet's recent quarterly earnings per share of $0.67 surpassed expectations by $0.07. The company has a market cap of $78.50 billion and a P/E ratio of 45.17. Analysts have mixed views, with a consensus "Hold" rating and a target price of $105.69.