Fortinet Q4 Non-GAAP Earnings, Revenue Increase; 2025 Outlook Set -- Shares Rise After Hours

MT Newswires Live

Feb 07, 2025

Fortinet (FTNT) reported Q4 non-GAAP net income late Thursday of $0.74 per diluted share, up from $0.51 a year earlier.

Analysts surveyed by FactSet expected $0.61.

Revenue for the quarter ended Dec. 31 was $1.66 billion, up from $1.42 billion a year earlier.

Analysts polled by FactSet expected $1.59 billion.

The company said it expects Q1 non-GAAP EPS of $0.52 to $0.54 on revenue of $1.50 billion to $1.56 billion. Analysts polled by FactSet expect non-GAAP EPS of $0.53 and revenue of $1.53 billion.

Fortinet expects full-year 2025 non-GAAP EPS of $2.41 to $2.47 on revenue of between $6.65 billion and $6.85 billion. Analysts polled by FactSet are looking for non-GAAP EPS of $2.43 and revenue of $6.62 billion.

The company's shares were up 9.7% in after-hours activity.

Price: 114.85, Change: +10.13, Percent Change: +9.67

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