Revenue estimated at $471.8 million
Cybersecurity (HACK) company Fortinet (FTNT) is scheduled to announce its first-quarter results on May 2. Analysts expect the company to post revenues of $471.8 million in the first quarter, a rise of 18.2% YoY compared to revenues of $399 million in the first quarter of 2018.
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Earnings per share
While Fortinet’s sales are expected to rise 18.2%, analysts expect the company’s non-GAAP (generally accepted accounting principles) EPS to grow by 18.2% as well in the fourth quarter.
Fortinet has managed to beat analysts’ earnings estimates in each of the last four quarters. The company posted EPS of $0.59 in the fourth quarter, 13.5% higher than analysts’ estimate of $0.52. The company posted EPS of $0.49 in the third quarter, 16.7% higher than the estimate of $0.42.
As the above chart shows, Fortinet exceeded its earnings estimate of $0.36 in the second quarter by 13.9% with earnings of $0.41. The company also beat analysts’ consensus earnings estimate of $0.24 by 37.50% with EPS of $0.33 in the first quarter of 2018.
Fortinet (FTNT) has managed to improve profitability over the years with sales growth.
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