Fortinet Tops Q3 EPS by 6c; Offers Guidance

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Fortinet Tops Q3 EPS by 6c; Offers Guidance

Fortinet (FTNT) reported Q3 EPS of $0.33, $0.06 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

Fortinet sees Q4 2022 EPS of $0.38-$0.40, versus the consensus of $0.35. Fortinet sees Q4 2022 revenue of $1.275-1.315 billion, versus the consensus of $1.273 billion.

Fortinet sees FY2022 EPS of $1.13-$1.15, versus the consensus of $1.05. Fortinet sees FY2022 revenue of $4.41-4.45 billion, versus the consensus of $4.383 billion.

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