Fortinet Q4 2023 Adj EPS $0.51 Beats $0.43 Estimate, Sales $1.42B Beat $1.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortinet (NASDAQ:FTNT) reported Q4 2023 adjusted EPS of $0.51, surpassing the $0.43 estimate, with sales of $1.42B also beating the $1.41B estimate. This represents a 10.68% increase in sales compared to the same period last year.
February 06, 2024 | 9:06 pm
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Fortinet reported a strong Q4 2023 with adjusted EPS of $0.51 and sales of $1.42B, both exceeding analyst estimates. This performance indicates a significant year-over-year sales growth of 10.68%.
Fortinet's Q4 2023 earnings and sales beat not only demonstrates the company's ability to outperform analyst expectations but also indicates a strong year-over-year growth in sales. Such positive financial results are likely to instill investor confidence and could lead to a short-term positive impact on FTNT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100