Fortinet Earnings Preview: What to Expect

With a market cap of $73.9 billion, Fortinet, Inc. (FTNT) provides cybersecurity and convergence of networking and security solutions worldwide. Based in Sunnyvale, California, the company offers secure networking solutions that focus on the convergence of networking and security, network firewall solutions, wireless local area network (LAN) solutions, and secure connectivity solutions.

The company is set to report its Q1 earnings on Wednesday, May 7, after the market closes. Ahead of the event, analysts expect FTNT to report an EPS of $0.45 per share, up 15.4% from $0.39 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in all of the past four quarters, which is impressive. Its EPS of $0.67 in the recent quarter surpassed the analysts’ expectations by 28.9%, driven by higher demand for cybersecurity solutions worldwide.