Fortinet (FTNT) Tops Q3 EPS by 5c; lowers guidance

Fortinet (NASDAQ: FTNT) reported Q3 EPS of $0.41, $0.05 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.35 billion.

GUIDANCE:

Fortinet sees Q4 2023 EPS of $0.42-$0.44, versus the consensus of $0.42. Fortinet sees Q4 2023 revenue of $1.38-1.44 billion, versus the consensus of $1.5 billion.

Fortinet sees FY2023 EPS of $1.54-$1.56, versus the consensus of $1.51. Fortinet sees FY2023 revenue of $5.27-5.33 billion, versus the consensus of $5.4 billion.

For earnings history and earnings-related data on Fortinet (FTNT) click here.

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