Fortinet Reports Strong Q4 Earnings, Forecasts Revenue Growth

Fortinet Inc. reported strong fourth-quarter earnings, surpassing Wall Street expectations with a per-share profit of $0.74 and revenue of $1.66 billion, reflecting a 17% year-over-year increase. The company expects first-quarter EPS between $0.52 and $0.54 and full-year revenue of $6.65 to $6.85 billion, both above analyst predictions. Fortinet's operating margin reached a record 39%, highlighting its focus on balancing growth and profitability. CEO Ken Xie emphasized the company's strategy in high-growth markets such as Unified SASE and Security Operations. Additionally, Fortinet announced the retirement of CFO Keith Jensen, with Christiane Ohlgart appointed as his successor. The positive results indicate rising demand for cybersecurity solutions as businesses seek to protect against increasing online threats.