Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous levels at midday.

Fortinet (FTNT 111.01, +21.06, +23.41%) is rocketing higher after delivering a blowout Q1 beat-and-raise quarter that significantly exceeded expectations across virtually every key metric - revenue, billings, product growth, margins, EPS, and free cash flow - while issuing materially higher Q2 and full-year guidance. The results validate FTNT's long-standing investment thesis around integrated networking and security, demonstrate accelerating demand from AI infrastructure buildouts, firewall upgrade cycles, and enterprise platform consolidation, and confirm that the company's proprietary ASIC-driven hardware advantage is paying dividends in an AI-driven world.

Separately, Boeing (BA 234.27, +4.34, +1.89%) has made a nice move higher after CNBC reported that the company’s CEO will join President Trump on his trip to China next week.