Fortinet (NASDAQ:FTNT) reported its Q4 earnings results on Thursday, February 3, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Fortinet beat estimated earnings by 6.96%, reporting an EPS of $1.23 versus an estimate of $1.15, which did not surprise analysts.
Revenue was up $215.60 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05, which was followed by a 0.82% increase in the share price the next day.
Here's a look at Fortinet's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.94 | 0.88 | 0.74 | 0.97 |
| EPS Actual | 0.99 | 0.95 | 0.81 | 1.06 |
| Revenue Estimate | 811.13M | 743.65M | 681.32M | 722.36M |
| Revenue Actual | 867.20M | 801.10M | 710.30M | 748.00M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Fortinet management provided guidance for their next quarter, expecting earnings between $0.75 and $0.8 per share for the next quarter.
This represents a -36.99% in quarter-over-quarter growth for Fortinet, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
