Fortinet (Nasdaq: FTNT ) is expected to report Q4 earnings on Jan. 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Fortinet's revenues will expand 19.3% and EPS will grow 7.1%.
The average estimate for revenue is $144.2 million. On the bottom line, the average EPS estimate is $0.15.
Last quarter, Fortinet notched revenue of $136.3 million. GAAP reported sales were 17% higher than the prior-year quarter's $116.4 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 $0.14. GAAP EPS of $0.10 for Q3 were 9.1% lower than the prior-year quarter's $0.11 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 72.3%, 100 basis points worse than the prior-year quarter. Operating margin was 19.5%, 260 basis points worse than the prior-year quarter. Net margin was 12.6%, 280 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $526.7 million. The average EPS estimate is $0.51.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 97 members out of 109 rating the stock outperform, and 12 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Fortinet a green thumbs-up, and three 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 $29.90.
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