Fortinet Earnings Calls
Release date | May 07, 2025 |
EPS estimate | $0.531 |
EPS actual | $0.580 |
EPS Surprise | 9.23% |
Revenue estimate | 1.538B |
Revenue actual | 1.54B |
Revenue Surprise | 0.0787% |
Release date | Feb 06, 2025 |
EPS estimate | $0.600 |
EPS actual | $0.740 |
EPS Surprise | 23.33% |
Revenue estimate | 1.593B |
Revenue actual | 1.66B |
Revenue Surprise | 4.24% |
Release date | Nov 07, 2024 |
EPS estimate | $0.520 |
EPS actual | $0.630 |
EPS Surprise | 21.15% |
Revenue estimate | 1.48B |
Revenue actual | 1.508B |
Revenue Surprise | 1.92% |
Release date | Aug 06, 2024 |
EPS estimate | $0.410 |
EPS actual | $0.570 |
EPS Surprise | 39.02% |
Revenue estimate | 1.405B |
Revenue actual | 1.434B |
Revenue Surprise | 2.09% |
Last 4 Quarters for Fortinet
Below you can see how FTNT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Aug 06, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $55.81 |
EPS estimate | $0.410 |
EPS actual | $0.570 |
EPS surprise | 39.02% |
Date | Price |
---|---|
Jul 31, 2024 | $58.04 |
Aug 01, 2024 | $57.20 |
Aug 02, 2024 | $56.51 |
Aug 05, 2024 | $55.39 |
Aug 06, 2024 | $55.81 |
Aug 07, 2024 | $69.93 |
Aug 08, 2024 | $68.68 |
Aug 09, 2024 | $69.69 |
Aug 12, 2024 | $70.36 |
4 days before | -3.84% |
4 days after | 26.07% |
On release day | 25.30% |
Change in period | 21.23% |
Release date | Nov 07, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $83.68 |
EPS estimate | $0.520 |
EPS actual | $0.630 |
EPS surprise | 21.15% |
Date | Price |
---|---|
Nov 01, 2024 | $78.80 |
Nov 04, 2024 | $78.84 |
Nov 05, 2024 | $77.92 |
Nov 06, 2024 | $80.87 |
Nov 07, 2024 | $83.68 |
Nov 08, 2024 | $92.04 |
Nov 11, 2024 | $97.18 |
Nov 12, 2024 | $99.15 |
Nov 13, 2024 | $97.88 |
4 days before | 6.19% |
4 days after | 16.97% |
On release day | 9.99% |
Change in period | 24.21% |
Release date | Feb 06, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $104.72 |
EPS estimate | $0.600 |
EPS actual | $0.740 |
EPS surprise | 23.33% |
Date | Price |
---|---|
Jan 31, 2025 | $100.88 |
Feb 03, 2025 | $100.90 |
Feb 04, 2025 | $102.78 |
Feb 05, 2025 | $105.07 |
Feb 06, 2025 | $104.72 |
Feb 07, 2025 | $107.44 |
Feb 10, 2025 | $109.55 |
Feb 11, 2025 | $108.33 |
Feb 12, 2025 | $107.70 |
4 days before | 3.81% |
4 days after | 2.85% |
On release day | 2.60% |
Change in period | 6.76% |
Release date | May 07, 2025 |
Fiscal end date | Mar 31, 2025 |
Price on release | $106.72 |
EPS estimate | $0.531 |
EPS actual | $0.580 |
EPS surprise | 9.23% |
Date | Price |
---|---|
May 01, 2025 | $104.21 |
May 02, 2025 | $106.18 |
May 05, 2025 | $108.69 |
May 06, 2025 | $107.14 |
May 07, 2025 | $106.72 |
May 08, 2025 | $97.74 |
May 09, 2025 | $97.42 |
May 12, 2025 | $102.04 |
May 13, 2025 | $105.05 |
4 days before | 2.41% |
4 days after | -1.56% |
On release day | -8.41% |
Change in period | 0.81% |
Fortinet Earnings Call Transcript Summary of Q1 2025
Fortinet Q1 2025 Earnings Call Summary for Investors
Key Financial Highlights:
- Revenue Growth: Fortinet achieved a 14% increase in total revenue, totaling $1.54 billion, driven by:
- Product Revenue: Up 12% to $459 million.
- Service Revenue: Grew 14%, comprising 70% of total revenue.
- Operating Margins: Achieved a record operating margin of 34.2%, well above guidance.
- Cash Flow: Recorded $783 million in free cash flow, with a margin of 51%.
- New Customers: Increased new logos by 14%, totaling over 6,300.
Strategic Growth Areas:
- Unified SASE: Grew by 18%, now accounting for 25% of total billings.
- AI-Driven SecOps: Increased by 29%, representing 10% of total business.
- Sovereign SASE: Tailored solutions for large enterprises needing data control in compliance-heavy sectors (government, finance, etc.).
- OT Security Growth: Emerging as a key focus area driven by the rise in connected devices.
Market Positioning:
- Fortinet remains the number one deployed firewall vendor globally and is a leader in SD-WAN and OT security.
- Integrated solution offerings, leveraging FortiOS across various security functions, positioned Fortinet favorably.
Forecast and Guidance:
- Q2 2025 Outlook:
- Billings projected between $1.685 billion to $1.765 billion (midpoint growth of 12%).
- Revenue forecast: $1.59 billion to $1.65 billion (midpoint growth of 13%).
- Non-GAAP operating margin expected between 31.5% and 32.5%; earnings per share anticipated in the range of $0.58 to $0.60.
- Full Year 2025 Guidance:
- Billings: $7.2 billion to $7.4 billion (midpoint growth of 12%).
- Revenue: $6.65 billion to $6.85 billion (midpoint growth of 13%).
Key Risks and Considerations:
- Ongoing economic uncertainties may influence customer purchasing behavior and investment decisions.
- FX headwinds due to a weaker U.S. dollar could impact margins.
- CFO Keith Jensen will step down on May 15, transitioning responsibilities to Christiane Ohlgart.
Investors should note:
Fortinet's strong momentum in both product and service areas and its ability to effectively manage costs, even amidst geopolitical and economic challenges, positions the company for continued growth. However, investor caution is advised given the evolving market dynamics and potential impacts from customer spending behaviors.