Fortinet, Inc. is set to announce its latest quarterly earnings on Tuesday, May 5th, with a consensus estimate EPS of $0.61.
Fortinet, Inc. is currently priced at $85.85, showing a price change of 18 cents (0.21%) from the previous close. Trading volume stands at $847,878, representing a 12.78% increase relative to the average.
The company's most recent earnings report, revealed on Wednesday, February 4th, showed a consensus estimate EPS of $0.74.
Fortinet, Inc. reported a positive free cash flow of $577.4 million, with operating cash flow at $620.2 million. The company ended the period with $2.50 billion in cash.
Fortinet, Inc. generated revenue of $1.91 billion, resulting in a gross profit of $1.52 billion. The net income for the period was $506 million, with an EPS of 68 cents.
Key ratios for Fortinet, Inc. include a net profit margin of 26.56%, return on equity of 40.89%, and a price-to-earnings ratio of 29.15.
The company's balance sheet reveals total assets of $10.39 billion, including $2.50 billion in cash and cash equivalents. Total liabilities amount to $9.15 billion.
This comprehensive financial overview provides insights into Fortinet, Inc.'s performance and financial health ahead of its upcoming earnings announcement.
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.