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.

According to analysts, sales for peers Check Point (CHKP), Palo Alto Networks (PANW), Proofpoint (PFPT), and FireEye (FEYE) are estimated to rise by 4.1%, 24.2%, 22.7%, and 5.6% in the first quarter.

What Does Wall Street Expect from Fortinet in Q1 2019?

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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.

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