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 +1.54% change in stock price 10 days leading up to the earnings, and a -0.77% change 10 days following the report. On the earnings day itself, the stock moves by +1.13%. This data can give you a slight idea of what to expect for the next quarter's release.
FTNT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.51B
13.00%
5.15%
Gross Margin
82.53%
8.31%
2.10%
Operating Margin
31.15%
37.59%
2.47%
Net Margin
35.80%
48.00%
35.20%
EPS
0.70
70.73%
42.86%
No Data Available
FTNT Earnings Analysis
Fortinet, Inc. Corporation (FTNT.O) Earnings Conference Call
Positive
Revenue Growth Acceleration: Total revenue grew 13%, driven by strong growth in services revenue and product revenues returned to growth.
Positive Revenue Growth: Total revenue growth of 13% as we returned to positive building and product revenue growth.
SASE and Networking Growth: Unified SASE building growth of 14%, secure operation building growth of 32% and secure networking returned to positive growth all driven by a continued share gain in our total addressable market of $284 billion.
Unified Security Solutions: Fortinet continued to be the only vendor to leverage a single operating system for the U.S., delivering solution with 5 secure networking dynamic quality report, secure service edge, SD-WAN, single vendor network firewall and Enterprise wireless infrastructure.
GenAI Expansion Strategy: Our commitment to innovation and investment in R&D has enabled us to rapidly expand FortiAI, our GenAI system into 7 key solutions.
Negative
Revenue Growth Acceleration: Total revenue grew 13%, driven by strong growth in services revenue and product revenues returned to growth.
Service Revenue Growth: Service revenue of $1.034 billion grew 19%, accounting for 69% of total revenue.
SaaS Services Revenue Growth: Service revenue growth was driven by growth in our SaaS solutions, including 50% services growth in SecOps and 27% services growth in Unified SASE.
Product Revenue Growth: Product revenue returned to growth for the first time in 5 quarters, increasing 2% to $474 million.
Product Revenue Growth: Excluding the impact of backlog, product revenue grew sequentially at double-digit rates, outpacing historical norms for Q2 to Q3.
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FTNT Earning Call Sentiment
Fortinet, Inc. (FTNT) Q3 2024 Earnings Call Transcript
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FTNT.O
-0.13%Positive
The earnings call highlights a strong financial performance with record operating margins and significant share buybacks. Product development shows promising growth in Unified SASE and AI-driven Secure Ops. Market strategy is robust with a focus on SASE differentiation. Expenses are well-managed, and the shareholder return plan is favorable. The Q&A reveals confidence in growth, despite some unclear responses. The guidance for 2024 suggests steady growth, and the acquisition of Lacework expands market opportunities. Overall, the sentiment is positive, with potential for a stock price increase of 2% to 8%.