Fortinet Inc. FTNT is slated to release fourth-quarter 2018 results on Feb 6.
The stock boasts a stellar record of positive surprises. The company’s earnings beat the Zacks Consensus Estimate in all the last four reported quarters, the average being 17.4%.
In the last reported quarter, the company’s non-GAAP earnings per share of 49 cents exceeded the Zacks Consensus Estimate of 42 cents and also improved significantly from the year-ago quarter’s bottom line of 28 cents.
Moreover, revenues of $453.9 million surpassed the Zacks Consensus Estimate of $451 million and also increased 21% from the year-earlier period.
What to Expect in Q4
For the fourth quarter, the company expects revenues of $490-$500 million. The Zacks Consensus Estimate is pegged at $495.5 million, indicating an 18.9% rise from the prior-year quarter.
The company anticipates non-GAAP earnings per share to be in the band of 50-52 cents. The Zacks Consensus Estimate for earnings stands at 51 cents per share, reflecting a surge of 59.4% on a year-over-year basis.
Non-GAAP gross margin is expected in the range of 75-76% whereas non-GAAP operating margin is projected between 24% and 24.5%. more