FTNT Earnings Prediction
The chart below shows how FTNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FTNT sees a -1.01% change in stock price 10 days leading up to the earnings, and a +0.32% change 10 days following the report. On the earnings day itself, the stock moves by +1.07%. This data can give you a slight idea of what to expect for the next quarter's release.
FTNT Key Earning Data
FTNT Earnings Analysis
Positive
Record Operating Margin Achievement: Fortinet reported a record operating margin of 39.2%, exceeding the high end of guidance by 520 basis points, reflecting strong gross margin and top-line overperformance.
Q4 Revenue Growth Surge: Total revenue for Q4 2024 grew 17% year-over-year to $1.66 billion, driven by product revenue growth of 18%, marking the highest growth rate in six quarters.
Record Customer Acquisition: The company added a record 6,900 new logos in Q4, showcasing strong customer acquisition and alignment with channel partners.
Strong ARR Growth: Annual recurring revenue (ARR) for SecOps grew 32% and Unified SaaS grew 28%, contributing to a combined total of over $1.5 billion, indicating robust demand for these services.
Record Free Cash Flow: Free cash flow reached a record $1.9 billion for the year, representing a margin of 32%, highlighting strong cash generation capabilities.
Negative
Billings Growth Slowdown: Total billings grew only 7% to $2 billion, indicating a slowdown compared to previous growth rates.
Contract Term Decline: Average contract term decreased to 29 months, down one month year-over-year, suggesting potential customer hesitance in long-term commitments.
Operating Margin Decline: Operating margin decreased by 190 basis points due to acquisitions, indicating a negative impact on profitability expectations.
Operating Margin Decline: The expected decrease in operating margin by around 50 basis points for the full year due to acquisitions reflects ongoing cost pressures.
Cash Tax Reduction Impact: Cash taxes were $156 million, down $186 million, indicating a significant reduction in cash flow available for reinvestment or shareholder returns.
FTNT FAQs
How does FTNT typically perform around its earnings report dates?
FTNT's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -1.01% change leading up to the report and a +0.32% change in the 10 days following the release.
Is Fortinet Inc (FTNT) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
FTNT Earning Call Sentiment
Fortinet, Inc. (NASDAQ:FTNT) Q4 2024 Earnings Call Transcript
FTNT.O
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