Make a hit with This Stock: Fortinet, Inc. (NASDAQ: FTNT)

On 19 Nov 2019, Fortinet, Inc. (NASDAQ: FTNT) changed 1.18% to recent value of $105.07. The stock transacted 1360534 shares during most recent day however it has an average volume of 1343.9K shares. It spotted trading 0.69% off 52-week high price. On the other end, the stock has been noted 63.13% away from the low price over the last 52-weeks.

Fortinet® (FTNT) recently reported financial results for the third quarter ended September 30, 2019.

Financial Highlights for the Third Quarter of 2019

  • Revenue:Total revenue was $547.5M for the third quarter of 2019, a raise of 21% contrast to $453.9M for the same quarter of 2018.
  • Product revenue was $197.1M for the third quarter of 2019, a raise of 20% contrast to $164.5M for the same quarter of 2018.
  • Service revenue was $350.4M for the third quarter of 2019, a raise of 21% contrast to $289.4M for the same quarter of 2018.
  • Billings1Total billings were $626.6M for the third quarter of 2019, a raise of 19% contrast to $527.5M for the same quarter of 2018.
  • Deferred Revenue:Total deferred revenue was $1.95B as of September 30, 2019, a raise of 26% contrast to $1.54B as of September 30, 2018.
  • GAAP Operating Income and Margin:GAAP operating income was $100.0M for the third quarter of 2019, representing a GAAP operating margin of 18%. GAAP operating income was $62.8M for the same quarter of 2018, representing a GAAP operating margin of 14%.
  • Non-GAAP Operating Income and Margin1:Non-GAAP operating income was $144.6M for the third quarter of 2019, representing a non-GAAP operating margin of 26%. Non-GAAP operating income was $108.5M for the third quarter of 2018, representing a non-GAAP operating margin of 24%.
  • GAAP Net Income and Diluted Net Income Per Share: GAAP net income was $79.8M for the third quarter of 2019, contrast to GAAP net income of $58.7M for the same quarter of 2018. GAAP diluted net income per share was $0.46 for the third quarter of 2019, based on 174.8M diluted weighted-average shares outstanding, contrast to GAAP diluted net income per share of $0.33 for the same quarter of 2018, based on 175.7M diluted weighted-average shares outstanding.
  • Non-GAAP Net Income and Diluted Net Income Per Share1Non-GAAP net income was $116.9M for the third quarter of 2019, contrast to non-GAAP net income of $86.7M for the same quarter of 2018. Non-GAAP diluted net income per share was $0.67 for the third quarter of 2019, based on 174.8M diluted weighted-average shares outstanding, contrast to $0.49 for the same quarter of 2018, based on 175.7M diluted weighted-average shares outstanding.
  • Cash Flow and Free Cash Flow1:In the third quarter of 2019, cash flow from operations was $221.2M contrast to $176.7M in the same quarter of 2018. Free cash flow was $203.7M during the third quarter of 2019, contrast to $158.5M for the same quarter of 2018.

FTNT has a gross margin of 75.90% and an operating margin of 15.00% while its profit margin remained 19.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained 294.60% for this year while earning per share for the next 5-years is expected to reach at 18.43%.  The company has 168.64M of outstanding shares and 143.82M shares were floated in the market. According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 16.74% from the mean of 20 days, 26.78% from mean of 50 days SMA and performed 27.11% from mean of 200 days price. Company’s performance for the week was 5.08%, 37.74% for month and YTD performance remained 49.18%.

 

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