Fortinet Revenue, Profits - FTNT Quarterly Income Statement

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$85.71 $0.12 (0.14%) FTNT stock closing price Sep 20, 2018 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Fortinet stock price alone is not sufficient. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 399M to 441.3M and how operating and non operating activities have impacted the FTNT stock. Along with Fortinet assets and Fortinet free cash flow, Fortinet profits as shown in profit and loss statement give key insights about the business. The net profit for 2018 Q2 is $49.3M and the 2018 Q2 revenue is $441.3M.

View and download details of revenue and profits for Fortinet for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Fortinet Revenues or Net Sales
441.3M399M416.67M374.22M363.47M340.58M362.83M316.65M311.39M284.58M
Cost Of Goods Sold (COGS)113.1M97.2M105.43M93.64M95.65M90.56M90.8M84.79M84.5M77.74M
Fortinet Gross Profit
328.2M301.8M311.26M280.56M267.81M250.01M272.06M231.84M226.88M206.82M
Research & Development Expense61.2M59.1M54.79M53.48M51.15M51.19M45.39M47.23M45.5M44.96M
Selling General & Admin Expense216.3M210.3M214.29M193.38M188.15M193.4M179.49M179.12M185.43M167.53M
Income Before Depreciation Depletion Amortization50.7M32.39M42.22M33.69M28.49M5.4M47.17M5.48M-4.04M-5.67M
Depreciation Depletion Amortization----------
Non Operating Income-4.3M2.89M4.21M4.4M2.69M-1.68M1.1M--
Interest Expense----------
Fortinet Pretax Income
51.5M36.7M45.09M37.9M32.9M8.1M45.48M6.58M-3.69M-5.23M
Provision for Income Taxes2.2M-4.9M74.04M11.29M9.87M-2.61M14.77M--2.3M-1.8M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations49.3M41.6M-28.96M26.61M23.03M10.72M25.17M6.29M-1.39M-3.43M
Extraordinary Items & Discontinued Operations----------
Fortinet Profit/ Loss (Net Income)
49.3M41.6M-28.96M26.61M23.03M10.72M25.17M6.29M-1.39M-3.43M
Average Shares used to compute Diluted EPS173.5M171.8M171.53M178.97M179.7M178.28M176.68M177.94M172.08M171.75M
Average Shares used to compute Basic EPS168.6M167.7M171.53M175.52M175.74M174.49M173.32M173.34M172.08M171.75M
Income Before Nonrecurring Items40.54M29.26M32.04M28M24.44M13M31.74M12.28M4.74M-10.73M
Income from Nonrecurring Items8.76M12.34M-61M-1.39M-1.4M-2.29M-6.57M-5.99M-6.13M7.3M
Fortinet Earnings Per Share Basic Net
0.290.25-0.170.150.130.060.150.04-0.01-0.02
Fortinet Earnings Per Share Diluted Net
0.280.24-0.170.150.130.060.140.04-0.01-0.02
EPS Diluted Before Nonrecurring Items0.230.170.190.160.140.070.180.070.03-0.06
Preferred Dividends Acc Pd----------
Dividends Common0.000.000.00-------
Dividend Per Share Common0.000.000.000.000.000.000.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Fortinet stock analysis involves checking at least a few of the important things like:

  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth - See: Fortinet revenue chart, implies that the company is growing. It has been the case with Fortinet. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. FTNT stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the FTNT income statement, one can check the Fortinet historical stock prices to check how the price has moved with time.

Fortinet Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
171.66
PS Ratio (price sales ratio)
8.87
Operating Margin
11.5
Net Profit Margin
11.2
Dividend Yield
0%