Fortinet Reports Q4 Earnings with Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Should l Buy FTNT?
Source: NASDAQ.COM
- Earnings Overview: Fortinet reported a profit of $506 million for Q4, with earnings per share (EPS) remaining stable at $0.68 compared to $526.2 million last year, indicating consistent profitability despite a slight decline.
- Adjusted Earnings: Excluding items, Fortinet's adjusted earnings reached $602.7 million, or $0.81 per share, showcasing strong performance in core operations even as overall profits dipped slightly.
- Revenue Growth: The company experienced a 14.8% year-over-year revenue increase, reaching $1.905 billion compared to $1.660 billion last year, reflecting robust market demand and growth in product sales.
- Future Guidance: Fortinet provided Q1 EPS guidance of $0.59 to $0.63, with revenue expectations between $1.700 billion and $1.760 billion, indicating a cautiously optimistic outlook for future performance.
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Analyst Views on FTNT
Wall Street analysts forecast FTNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTNT is 84.18 USD with a low forecast of 70.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
24 Analyst Rating
3 Buy
18 Hold
3 Sell
Hold
Current: 78.930
Low
70.00
Averages
84.18
High
100.00
Current: 78.930
Low
70.00
Averages
84.18
High
100.00
About FTNT
Fortinet, Inc. is engaged in cybersecurity, driving the convergence of networking and security. The Company’s integrated platform, Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and artificial intelligence (AI)-driven security operations (SecOps). Its products and services include FortiOS, FortiASIC, FortiCloud, FortiAI, FortiEndpoint, and OT Security. The FortiGuard Labs is a cybersecurity threat intelligence and research organization comprised of experienced threat hunters, researchers, analysts, engineers and data scientists who develop and utilize machine learning and AI technologies. FortiGuard and Other Security Services are a suite of AI-powered security capabilities that are integrated as part of the Fortinet Security Fabric to deliver coordinated detection and enforcement across the entire attack surface. FortiCare Technical Support Service is a per-device technical support service. It also operates Fortinet Training Institute.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Beat: Fortinet reported Q4 earnings of $0.81 per share, exceeding the consensus estimate of $0.74 and improving from $0.74 a year ago, indicating enhanced profitability.
- Significant Revenue Growth: The company achieved revenue of $1.905 billion in Q4, surpassing expectations and rising nearly 15% year-over-year from $1.66 billion, reflecting strong market demand.
- Optimistic Guidance: Fortinet expects Q1 2026 revenue between $1.70 billion and $1.76 billion, with diluted non-GAAP EPS of $0.59 to $0.63, demonstrating confidence in future performance.
- Analyst Rating Divergence: While Rosenblatt raised its price target, Scotiabank downgraded Fortinet to sector perform with a target of $85, indicating a divide among analysts regarding the company's outlook.
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- Significant Revenue Growth: The company achieved revenue of $1.905 billion in Q4, surpassing expectations and rising nearly 15% year-over-year from $1.66 billion, reflecting strong market demand.
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- AMZN Stock Outlook: Analysts' opinions on Amazon (AMZN) stock indicate mixed views on its future growth potential, prompting investors to pay close attention to the latest ratings and recommendations when considering purchases.
- Impact of Rating Changes: Upgrades and downgrades from analysts can lead to stock price volatility, necessitating that investors closely monitor these changes to timely adjust their investment strategies and optimize their portfolios.
- Market Sentiment Reflection: Changes in analyst ratings not only affect individual stock performance but can also impact overall market sentiment, urging investors to consider these factors comprehensively for informed investment decisions.
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