The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Fortinet's revenues will grow 17.1% and EPS will grow 7.7%.
The average estimate for revenue is $136.3 million. On the bottom line, the average EPS estimate is $0.14.
Last quarter, Fortinet recorded revenue of $129.0 million. GAAP reported sales were 25% higher than the prior-year quarter's $103.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.12. GAAP EPS of $0.08 for Q2 were 11% lower than the prior-year quarter's $0.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 71.2%, 300 basis points worse than the prior-year quarter. Operating margin was 15.9%, 190 basis points worse than the prior-year quarter. Net margin was 10.8%, 330 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $528.7 million. The average EPS estimate is $0.51.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 93 members out of 104 rating the stock outperform, and 11 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Fortinet a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fortinet is outperform, with an average price target of $29.60.
Software and computerized services are being consumed in radically different ways, on new and increasingly mobile devices. Many old leaders will be left behind. Whether or not Fortinet makes the coming cut, you should check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Fortinet to My Watchlist.