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Fortinet (FTNT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Review Fortinet's (FTNT) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
FTNT's third-quarter results reflect strength in demand from large enterprise customers and growth in the company's security subscriptions.
Fortinet, Inc. (NASDAQ:FTNT ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Aaron Ovadia - Director of Investor Relations Ken Xie - Founder, Chairman & Chief Executive Officer Keith Jensen - Chief Financial Officer Christian Agard - Sales Operations Leader John Whittle - Chief Operating Officer Conference Call Participants Hamza Fodderwala - Morgan Stanley Brian Essex - JPMorgan Fatima Boolani - Citi Saket Kalia - Barclays Gabriela Borges - Goldman Sachs Shaul Eyal - TD Cowen Rob Owens - Piper Sandler Catharine Trebnick - Rosenblatt Adam Borg - Stifel Joseph Gallo - Jefferies Keith Bachman - BMO Capital Markets Gray Powell - BTIG Operator Good day and thank you for standing by. Welcome to the Fortinet Q3 2024 Earnings Conference Call.
Although the revenue and EPS for Fortinet (FTNT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Fortinet (FTNT) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.41 per share a year ago.
Cybersecurity firm Fortinet's fourth-quarter revenue forecast failed to impress investors on Thursday, sending its shares down over 8% in extended trading.
Fortinet Inc FTNT will be reporting its third-quarter earnings on Thursday. Wall Street expects 52 cents in EPS and $1.48 billion in revenues as the company reports after market hours.
Here is how Fortinet (FTNT) and InterDigital (IDCC) have performed compared to their sector so far this year.
FTNT's Q3 2024 earnings are likely to have been aided by the steady growth of Security Fabric, cloud and SD-WAN offerings, making it worth buying for investors.
Get a deeper insight into the potential performance of Fortinet (FTNT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.