Fortinet (FTNT) To Report Q3 Earnings: What Lies Ahead?
Zacks Investment Research | Oct 27, 2019 09:31PM ET
Fortinet, Inc. (NASDAQ:FTNT) is set to report third-quarter 2019 results on Oct 31.
For the quarter, the company expects revenues of $525-$540 million. The Zacks Consensus Estimate is pegged at $532.96 million, indicating a 17.4% rise from the prior-year reported figure.
Non-GAAP earnings per share are anticipated in the band of 55-57 cents by Fortinet. The consensus estimate for earnings stands at 56 cents per share, suggesting 27.3% growth from the year-ago reported number.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average positive surprise being 14.38%.
In the last reported quarter, Fortinet’s non-GAAP earnings came in at 58 cents per share, which surpassed the Zacks Consensus Estimate of 50 cents, and also grew 41.5% year over year.
The company generated revenues of $521.7 million, up 18% from the year-earlier quarter. It also outpaced the consensus estimate of $511 million, driven by new business wins.
Fortinet, Inc. Price and EPS Surprise
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