A slew or company results were causing big market moves ahead of the opening bell Thursday, and for many, earnings-beat wasn't enough to prevent a selloff.
Fortinet, Inc. (NASDAQ:FTNT ) Q2 2025 Earnings Conference Call August 6, 2025 4:30 PM ET Company Participants Aaron Ovadia - Senior Director of Investor Relations Christiane Ohlgart - Chief Accounting Officer, CFO and Principal Financial & Accounting Officer John Whittle - Chief Operating Officer Ken Xie - Co-Founder, Chairman & CEO Conference Call Participants Gabriela Borges - Goldman Sachs Group, Inc., Research Division Junaid Hamid Siddiqui - Truist Securities, Inc., Research Division Patrick Edwin Ronald Colville - Scotiabank Global Banking and Markets, Research Division Robbie David Owens - Piper Sandler & Co., Research Division Saket Kalia - Barclays Bank PLC, Research Division Shaul Eyal - TD Cowen, Research Division Shrenik Kothari - Robert W. Baird & Co. Incorporated, Research Division Tal Liani - BofA Securities, Research Division Andrew James Nowinski - Wells Fargo Securities, LLC, Research Division Brian Lee Essex - JPMorgan Chase & Co, Research Division Eric Michael Heath - KeyBanc Capital Markets Inc., Research Division Operator Hello, and welcome to Fortinet Second Quarter 2025 Earnings Conference Call.
Fortinet (FTNT) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.57 per share a year ago.
Fortinet remains a Buy for me—recurring revenue, strong cash flow, and expanding cloud/AI offerings outweigh short-term volatility and cautious guidance. Profitability and margins are industry-leading, with a reasonable valuation compared to peers like Palo Alto and CrowdStrike, offering attractive upside potential. Risks include hardware sales softness, global exposure, and high expectations, but a robust balance sheet and recurring revenue provide downside cushion.
Buy Fortinet ahead of Q2 results. Record margins, FortiGate 700G launch, and 18% SASE growth create compelling earnings catalysts for August performance.
Evaluate the expected performance of Fortinet (FTNT) for the quarter ended June 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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The latest trading day saw Fortinet (FTNT) settling at $101.71, representing a -2.92% change from its previous close.
In the most recent trading session, Fortinet (FTNT) closed at $104.81, indicating a -1.99% shift from the previous trading day.
FTNT drives record margins by cross-selling SASE and SecOps to existing clients, boosting ARR, cash flow and growth outlook.
Fortinet's record 34% margins and AI innovation create perfect storm for the rest of 2025 growth. Buy before firewall refresh cycle ignites.