Fortinet Reports Strong Q4, Revenue Up 17% YoY

Fortinet's stock rose 2.8% after exceeding Wall Street expectations in Q4 2024. The company reported a 17% year-over-year revenue growth to $1.7 billion and EPS of $0.74, suggesting a positive outlook for investors.

Date: 13-03-2025

AI Rating: 7

Earnings Per Share (EPS)
Fortinet reported an earnings per share (EPS) of $0.74 for Q4 2024, exceeding analyst expectations. This strong performance could positively affect investor sentiment and stock prices as it showcases the company's ability to generate profit.

Revenue Growth
The company experienced a revenue increase of 17% year-over-year, reaching $1.7 billion. This robust growth in revenue is a positive indicator for investors, showing that demand for its cybersecurity solutions is strong and likely to continue, which can enhance the company’s market position.

Net Income
The report does not provide specific information regarding net income, thus, it cannot be analyzed.

Profit Margins
There is no information provided on profit margins (Gross, Operating, Net) in the text, therefore this aspect cannot be analyzed.

Free Cash Flow (FCF)
No details regarding free cash flow are mentioned, which limits the analysis of this pertinent metric.

Return on Equity (ROE)
The report does not furnish data about the return on equity, making it impossible to evaluate this performance indicator.

Overall, Fortinet's stock performance is further complemented by its positive outlook for Q1 2025, with expected revenue of $1.5 billion to $1.6 billion and projected EPS between $0.52 and $0.54. Analysts' consensus rating of "Moderate Buy" suggests that investors are generally optimistic about Fortinet's future market performance. With shares trading below the mean price target of $114.47, there may be a potential for stock appreciation, making it an intriguing option for investors.

Stocks: FTNT BOX