Fortinet is poised to deliver robust financial results for the first quarter of 2022, projecting non-GAAP revenues between $865 million and $895 million, bolstered by a 29% sales increase from last year amid growing global cybersecurity needs. The company anticipates earnings of 75 to 80 cents per share, supported by strong demand for its security solutions and SD-WAN offerings. However, Fortinet faces scrutiny ahead of its May 4 earnings report due to potential supply-chain issues impacting its Fabric product line.
“Fortinet · has a better reputation for · security than other hardware manufacturers”
“Fortinet's sales · spiked · last year · 29%”
“Fortinet · provides · security solutions · true”
“Fortinet stock · is within striking distance of · a buy point · ahead of its earnings report expected around May 4”
“Fortinet · released · 2022 Cybersecurity Skills Gap Report”
“Fortinet · pledged to train · 1 million professionals · by 2026”
“Fortinet, Inc. · is headquartered in · Sunnyvale, CA”
“FTNT · is a Zacks Rank · #3 (Hold)”
“FTNT · has a Growth Style Score of · A”
“FTNT · is expected to grow earnings · 23.8% year-over-year · for the current fiscal year”
“FTNT · has an average earnings surprise of · 8.3%”
“Fortinet · has generated cash flow growth of · 50.4% · on a historic basis”
