Fortinet (FTNT) Tops Q4 EPS by 9c, Offers Q1 and FY Guidance
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Fortinet Reports Fourth Quarter and Full Year 2020 Financial Results
February 4, 2021 4:05 PM ESTFourth Quarter 2020 Highlights
Total revenue of $748.0 million, up 21% year over yearProduct revenue of $288.4 million, up 21% year over yearService revenue of $459.6 million, up 21% year over yearBillings of $960.9 million, up 20% year over year1GAAP operating margin of 22.6%, up 280 basis points year over yearNon-GAAP operating margin of 29.4%, up 210 basis points year over year1GAAP diluted net income per share of $0.89Non-GAAP diluted net income per share of $1.061Cash flow from operations of $296.5 millionFree cash... More