Fortinet (FTNT) reported $1.54 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 13.8%. EPS of $0.58 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +9.43%, with the consensus EPS estimate being $0.53.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fortinet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total billings (Non-GAAP): $1.60 billion versus the 10-analyst average estimate of $1.57 billion.
- Total deferred revenue: $6.42 billion versus the six-analyst average estimate of $6.39 billion.
- Geographic revenues- Total Americas: $629.80 million compared to the $635.09 million average estimate based on two analysts. The reported number represents a change of +13.1% year over year.
- Revenue- Asia Pacific and Japan: $281.50 million versus the two-analyst average estimate of $308.33 million. The reported number represents a year-over-year change of +9.6%.
- Revenue- Europe Middle East and Africa: $628.40 million compared to the $600.09 million average estimate based on two analysts. The reported number represents a change of +16.5% year over year.
- Revenue- Product: $459.10 million versus $443.39 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +12.3% change.
- Revenue- Services: $1.08 billion compared to the $1.09 billion average estimate based on 14 analysts. The reported number represents a change of +14.4% year over year.
- Gross profit- Product Non-GAAP: $311 million versus $279.69 million estimated by 10 analysts on average.
- Gross profit- Service Non-GAAP: $949.30 million versus $958.33 million estimated by 10 analysts on average.
- Gross profit- Product: $309.20 million compared to the $274.11 million average estimate based on four analysts.
- Gross profit- Services: $937.40 million versus the four-analyst average estimate of $956.03 million.
View all Key Company Metrics for Fortinet here>>>
Shares of Fortinet have returned +21.5% over the past month versus the Zacks S&P 500 composite's +10.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Fortinet, Inc. (FTNT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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