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Fortinet Inc (FTNT.OQ)

FTNT.OQ on NASDAQ Stock Exchange Global Select Market

87.36USD
19 Jul 2019
Change (% chg)

$0.91 (+1.05%)
Prev Close
$86.45
Open
$87.06
Day's High
$88.58
Day's Low
$86.97
Volume
748,462
Avg. Vol
607,404
52-wk High
$96.90
52-wk Low
$62.27

Latest Key Developments (Source: Significant Developments)

Fortinet Reports Q1 Non-GAAP Earnings Per Share $0.46
Friday, 3 May 2019 

May 2 (Reuters) - Fortinet Inc ::FORTINET REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $0.46.Q1 GAAP EARNINGS PER SHARE $0.34.Q1 REVENUE $472.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $472 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.39 -- REFINITIV IBES DATA.SEES Q2 2019 REVENUE $505 MILLION TO $515 MILLION.QTRLY BILLINGS OF $551.6 MILLION, UP 19% YEAR OVER YEAR.QTRLY DEFERRED REVENUE OF $1.77 BILLION, UP 26% YEAR OVER YEAR.SEES Q2 BILLINGS IN RANGE OF $585 MILLION TO $605 MILLION.SEES Q2 NON-GAAP GROSS MARGIN IN RANGE OF 75.5% TO 76.5%.SEES Q2 DILUTED NON-GAAP NET INCOME PER SHARE IN RANGE OF $0.49 TO $0.51.SEES FISCAL YEAR 2019 REVENUE IN RANGE OF $2.07 BILLION TO $2.10 BILLION.SEES FISCAL YEAR 2019 SERVICE REVENUE IN RANGE OF $1.34 BILLION TO $1.36 BILLION.SEES FISCAL YEAR 2019 BILLINGS IN RANGE OF $2.47 BILLION TO $2.52 BILLION.SEES FISCAL YEAR 2019 NON-GAAP OPERATING MARGIN IN RANGE OF 22.5% TO 23.5%.SEES FISCAL YEAR 2019 DILUTED NON-GAAP NET INCOME PER SHARE IN RANGE OF $2.10 TO $2.15.Q2 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $510.6 MILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $2.08, REVENUE VIEW $2.09 BILLION -- REFINITIV IBES DATA.  Full Article

Fortinet Appoints Keith Jensen To Interim CFO
Tuesday, 6 Feb 2018 

Feb 5 (Reuters) - Fortinet Inc ::FORTINET APPOINTS KEITH JENSEN TO INTERIM CHIEF FINANCIAL OFFICER.FORTINET INC - KEITH REPLACES DREW DEL MATTO WHO SERVED AS CHIEF FINANCIAL OFFICER SINCE JANUARY 2014 AND IS DEPARTING FORTINET.  Full Article

Fortinet Q4 GAAP Loss Per Share $0.17
Tuesday, 6 Feb 2018 

Feb 5 (Reuters) - Fortinet Inc ::FORTINET REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.32.Q4 GAAP LOSS PER SHARE $0.17.Q4 REVENUE ROSE 15 PERCENT TO $416.7 MILLION.QTRLY GAAP DILUTED NET LOSS PER SHARE OF $0.17, INCLUDING IMPACT OF A ONE-TIME TAX EXPENSE OF $63.0 MILLION.SEES Q1 REVENUE IN RANGE OF $387.0 MILLION TO $393.0 MILLION.SEES FY 2018 REVENUE IN RANGE OF $1.695 BILLION TO $1.715 BILLION.SEES FY 2018 NON-GAAP EARNINGS PER SHARE IN RANGE OF $1.30 TO $1.32.SEES Q1 DILUTED NON-GAAP EARNINGS PER SHARE IN RANGE OF $0.21 TO $0.22.‍NET LOSS IN Q4 OF 2017 WAS IMPACTED BY A ONE-TIME TAX EXPENSE OF $63.0 MILLION, OR $0.36 PER SHARE, RESULTING FROM TAX CUTS AND JOBS ACT​.Q4 EARNINGS PER SHARE VIEW $0.29, REVENUE VIEW $408.9 MILLION -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $389.9 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.20, REVENUE VIEW $1.69 BILLION -- THOMSON REUTERS I/B/E/S.‍KEITH JENSEN NAMED INTERIM CHIEF FINANCIAL OFFICER , EFFECTIVE FEBRUARY 16, 2018​.JENSEN WILL SUCCEED CFO DREW DEL MATTO AS INTERIM CFO.  Full Article

Fortinet reports Q3 non-GAAP EPS $0.28
Friday, 27 Oct 2017 

Oct 26 (Reuters) - Fortinet Inc :Fortinet reports third quarter 2017 financial results.Q3 non-GAAP earnings per share $0.28.Q3 GAAP earnings per share $0.15.Q3 revenue $374.2 million versus I/B/E/S view $370.7 million.Sees Q4 2017 revenue $404 million to $412 million.Q3 earnings per share view $0.23 -- Thomson Reuters I/B/E/S.Fortinet Inc - sees Q4 ‍non-GAAP gross margin of 75% to 76%​.Fortinet Inc - sees Q4 ‍non-GAAP operating margin in range of 18% to 19%​.Fortinet Inc - sees ‍Q4 diluted non-GAAP earnings per share of $0.28 to $0.30​.Fortinet Inc - sees ‍FY 2017 revenue in range of $1.482 billion to $1.490 billion​.Fortinet Inc - sees FY 2017 ‍non-GAAP gross margin of 75%​.Fortinet Inc - sees FY 2017 ‍billings in range of $1.772 billion to $1.787 billion​.Fortinet Inc - sees FY 2017 ‍non-GAAP operating margin of 17%​.Fortinet Inc - sees FY 2017 ‍diluted non-GAAP earnings per share of $1.00 to $1.02​.Fortinet Inc - sees ‍Q4 billings in range of $510.0 million to $525.0 million​.Q4 earnings per share view $0.28, revenue view $417.0 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $0.95, revenue view $1.49 billion -- Thomson Reuters I/B/E/S.  Full Article