Market Overview

Earnings Preview For Fortinet


On Monday, Fortinet (NASDAQ: FTNT) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Analysts expect Fortinet earnings of 29 cents per share. Revenue will likely be around $408.9 million, according to the consensus estimate.

In the same quarter last year, Fortinet reported earnings per share of 30 cents per share on revenue of $362.8 million. The analyst consensus estimate would represent a 12.7 percent sales increase from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:


Quarter Q3 2017 Q2 2017 Q1 2017
EPS Estimate 0.23 0.2 0.15
EPS Actual 0.28 0.27 0.17


Q4 EPS Estimate: 28 cents per share
Q4 Revenues Estimate: $408 million

Stock Performance

Shares of Fortinet were trading at $44.94. Over the last 52-week period, shares are up 35.44 percent. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts have been rating Fortinet stock as Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Fortinet's Q4 is scheduled to hold a conference call at 4:30 p.m. ET and it can be accessed here:

Posted-In: Earnings News Previews Trading Ideas


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