What to Expect From Fortinet’s Next Quarterly Earnings Report

Fortinet, Inc. (FTNT), based in Sunnyvale, California, specializes in network security appliances and unified threat management solutions for enterprises, service providers, and government agencies. Valued at a market cap of $61.4 billion, the company has a global presence across North America, Latin America, EMEA, and the Asia-Pacific regions. It is expected to announce its Q3 earnings after the market closes on Thursday, November 7.

Ahead of the event, analysts expect Fortinet to report a profit of $0.43 per share, up 22.9% from $0.35 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in the past four quarters. Its EPS for the last reported quarter exceeded the consensus estimates by 51.5%.