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Fortinet Inc   (FTNT)
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Fortinet Inc

FTNT's Financial Statements and Analysis



Fortinet Inc reported in the forth quarter of 2023 net earnings per share of $0.41 an increase by 1.08 % year on year from $0.40 and decline of -0.88 % from $0.41 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.41 $  1,416 Mill
$+0.01     +1.08 % $+133M     +10.4 %



Fortinet Inc 's Revenue rose by 10.4 % in forth quarter of 2023 (Dec 31 2023) year on year, to $1,416 million and advanced by 6.18 % sequentially.


Fortinet Inc is

More on FTNT's Income Statement



Fortinet Inc 's net income of $310.900 million in the forth quarter of 2023 decreased by -0.92 % from net earnings of $313.800 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -3.72 % from net income of $322.900 million realized in previous quarter.

More on FTNT's Growth

Fortinet Inc Inventories
Inventories grew by 83.22 % to $485 million from IV. Quarter a year ago, sequentially inventories rose by 3.7 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-789 million, capital expenditures grew by -30.9-12.94%, to $-27 millions compare to same quarter a year ago

More on FTNT's Cash flow Statement


Fortinet Inc does not pay out common stock dividend.

In trailing twelve-month period Fortinet Inc earned $ 2.46 cash per share, on a free-cash flow basis 168.63 % of net earning per share.


Tangible Book value fell to $ -0.80 per share from $ -0.11.

Company repurchased 5.04 million shares or 0.64 % in Dec 31 2023.
Interest Coverage Ratio was 64.51. Debt Coverage Ratio was 1.37.

More on FTNT's Dividends

 Market Capitalization (Millions) 53,027
 Shares Outstanding (Millions) 786
 Total Debt (Millions $) 992
 Revenue (TTM) (Millions $) 5,305
 Net Income (TTM) (Millions $) 1,148
 Cash Flow (TTM) (Millions $) -285
 Capital Exp. (TTM) (Millions $) -204
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 10,195




Fortinet Inc does not pay out common stock dividend.

In trailing twelve-month period Fortinet Inc had $ 2.46 cash flow per share, on a free-cash flow basis 168.63 % of net earning per share.


Tangible Book value fell to $ -0.80 per share from $ -0.11.

Company repurchased 5.04 million shares or 0.64 % in Dec 31 2023.
Interest Coverage Ratio was 64.51. Debt Coverage Ratio was 1.37.

More on FTNT's Balance Sheets

 Market Capitalization (Millions) 53,027
 Shares Outstanding (Millions) 786
 Total Debt (Millions $) 992
 Revenue (TTM) (Millions $) 5,305
 Net Income (TTM) (Millions $) 1,148
 Cash Flow (TTM) (Millions $) -285
 Capital Exp. (TTM) (Millions $) -204
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 10,195
   


  News about Fortinet Inc Earnings

Fortinet Inc. Showcases Resilience with Modest Earnings Increase in Latest Fiscal Period

Fortinet Inc, a global cybersecurity solutions provider, reported its most recent fiscal period results, which showed a revenue of $1.42 billion and earnings per share (EPS) of $0.41. While revenue increased by 10.398% year on year, earnings grew modestly by 1.08%. However, the company's business surge was lagging behind its contemporaries in the Computer Peripherals and Office Equipment industry, which reported an average of 17.63% growth in the fourth quarter of 2022.
From the previous reporting season, EPS decreased by -0.88% from $0.41 per share, but revenue increased by 6.185% from $1.33 billion. Despite the decrease in EPS, Fortinet Inc is attracting business partners who value integrity and a stro...

Fortinet Inc Delivers Impressive Fiscal Results, Sets New Standard for Growth in Q3 2023

Financial News Report: Fortinet Inc Sees Impressive Fiscal Span Results and Decreasing Share Value
Fortinet Inc, a leading Computer Peripherals and Office Equipment company, recently reported its fiscal span results for the period ending September 30, 2023. These results are impressive, with the company witnessing significant growth in both profit and revenue.
During this fiscal span, Fortinet Inc saw a surge in profit per share by 41.38% to $0.41 per share. Additionally, the company experienced revenue growth of 16.042% to reach $1.33 billion, compared to the same period in the previous year. This growth in revenue is noteworthy as it outperforms the average top-line growth of 15.63% observed in the...

Fortinet Inc Captivates with Outstanding 57.14% Bottom-Line Growth Amid Slower Pace, Ending Fiscal Period on High Note



Fortinet Inc, a renowned cybersecurity solutions provider, has recently reported its financial results for the fiscal period ending June 30, 2023. The company has demonstrated remarkable growth, reflecting in increased earnings, revenue, and profit margins. However, certain concerns surrounding inventory levels and accounts receivable raise questions about the company's future performance.
Growth in Earnings and Revenue:
Fortinet Inc exhibited significant bottom-line growth, with a year-on-year increase of 57.14% in earnings per share, reaching $0.33. Revenue also surged by 25.425% to $1.29 billion. Moreover, sequential growth showed improvement, with a 6.45% increase in earnings per share ...

Strong Q1 2023 Earnings Report Reveals Fortinet Inc's 32.206% Revenue Surge

Fortinet Inc, a leading cybersecurity solutions provider, has r...


Date modified: 2024-02-26T21:03:43+00:00





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