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Fortinet (CH:FO8)
:FO8
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.35Same Quarter Last Year
Based on 28 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: ―
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and growth in key areas such as unified SaaS and secure operations, alongside record operating margins. However, concerns about weaker billings guidance and geopolitical uncertainties, including potential tariff impacts, added caution to the outlook.Company Guidance
During the Fortinet fourth quarter 2024 earnings call, the company provided guidance for the first quarter and full year of 2025, highlighting several key metrics. For the first quarter of 2025, Fortinet projected billings in the range of $1.52 billion to $1.6 billion, representing 11% growth at the midpoint, and revenue between $1.5 billion and $1.56 billion, also indicating 13% growth at the midpoint. Additionally, they anticipated non-GAAP gross margins of 80% to 81% and operating margins between 30% and 31%. For the full year 2025, Fortinet expected billings to reach $7.2 billion to $7.4 billion, with revenue forecasted at $6.65 billion to $6.85 billion, both reflecting 12% and 13% growth, respectively. Other projections included a service revenue range of $4.575 billion to $4.725 billion, a non-GAAP tax rate of 18%, and infrastructure investments amounting to $380 million to $430 million. The company also noted that recent acquisitions were expected to increase billings and revenue growth by approximately 125 basis points for the full year, while reducing operating margins by around 50 basis points.Record Operating Margin Achieved
Fortinet achieved a record operating margin of 39% in Q4 2024, reflecting strong execution and financial performance.
Total Revenue and Product Revenue Growth
Total revenue grew by 17% with product revenue increasing by 18%, marking the highest growth rate in six quarters.
Strong Performance in Unified SaaS and Secure Operations
Unified SaaS billing growth reached 13%, accounting for 23% of the business, while AI-driven secure operations accounted for 11% of total billings, with ARR growing 32%.
Recognition as a Trusted Company
Fortinet was recognized on Forbes' most trusted company list, ranked number seven overall and the only cybersecurity company in the top fifty.
Significant Fourth-Quarter Wins
Notable seven-figure deals were secured with healthcare providers and Fortune 500 companies, highlighting strategic inclusion of Fortinet's solutions like FortiSASE and SD-WAN.
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CH:FO8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CH:FO8 Earnings-Related Price Changes
No data currently available
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fortinet (CH:FO8) report earnings?
Fortinet (CH:FO8) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Fortinet (CH:FO8) earnings time?
Fortinet (CH:FO8) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Fortinet stock?
The P/E ratio of Fortinet is N/A.
What is CH:FO8 EPS forecast?
CH:FO8 EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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