Fortinet, Inc. (FTNT) Tops Q1 EPS by 2c, Sales Beat

Fortinet, Inc. (NASDAQ: FTNT) reported Q1 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $168.9 million versus the consensus estimate of $157.96 million.

"The first quarter marked a strong start to the year, highlighted by billings, revenue, and operating profitability, each of which exceeded expectations," said Ken Xie, founder, chairman, and chief executive officer. "Fortinet's business momentum is being driven by our focused execution and the strength, applicability, and breadth of our technology, as evidenced by the demand for recently introduced products such as the FortiGate-3700D and 1500D high speed, low latency next-generation enterprise data center security appliances. Given the leverage we have seen from recent growth initiatives, we remain committed to investing for growth and delivering security innovation to further extend our market share and leadership position globally."

For earnings history and earnings-related data on Fortinet, Inc. (FTNT) click here.

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