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Fortinet (NAS:FTNT) Earnings per Share (Diluted)

: $1.45 (TTM As of Dec. 2023)
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Fortinet's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.40. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.45.

Fortinet's EPS (Basic) for the three months ended in Dec. 2023 was $0.41. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.48.

Fortinet's EPS without NRI for the three months ended in Dec. 2023 was $0.51. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $1.61.

During the past 12 months, Fortinet's average EPS without NRIGrowth Rate was 54.60% per year. During the past 3 years, the average EPS without NRIGrowth Rate was 44.80% per year. During the past 5 years, the average EPS without NRI Growth Rate was 35.30% per year. During the past 10 years, the average EPS without NRI Growth Rate was 54.20% per year.

During the past 13 years, Fortinet's highest 3-Year average EPS without NRI Growth Rate was 194.70% per year. The lowest was -47.90% per year. And the median was 20.95% per year.


Fortinet Earnings per Share (Diluted) Historical Data

The historical data trend for Fortinet's Earnings per Share (Diluted) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortinet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings per Share (Diluted)
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.58 0.73 1.06 1.46

Fortinet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings per Share (Diluted) Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.31 0.33 0.41 0.40

Competitive Comparison

For the Software - Infrastructure subindustry, Fortinet's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortinet PE Ratio Distribution

For the Software industry and Technology sector, Fortinet's PE Ratio distribution charts can be found below:

* The bar in red indicates where Fortinet's PE Ratio falls into.



Fortinet Earnings per Share (Diluted) Calculation

Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.

Fortinet's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2023 is calculated as

Diluted Earnings Per Share (A: Dec. 2023 ) = (Net Income - Preferred Dividends) / Shares Outstanding (Diluted Average)
=(1147.8-0)/788.200
=1.46

Fortinet's Earnings Per Share (Diluted) for the quarter that ended in Dec. 2023 is calculated as

Diluted Earnings Per Share (Q: Dec. 2023 )=(Net Income - Preferred Dividends / Shares Outstanding (Diluted Average)
=(310.9-0)/772.300
=0.40

Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.45

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.


Fortinet  (NAS:FTNT) Earnings per Share (Diluted) Explanation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Fortinet Earnings per Share (Diluted) Related Terms

Thank you for viewing the detailed overview of Fortinet's Earnings per Share (Diluted) provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortinet (NAS:FTNT) Business Description

Industry
Traded in Other Exchanges
Address
899 Kifer Road, Sunnyvale, CA, USA, 94086
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
Executives
Ken Xie director, officer: President & CEO 4655 GREAT AMERICA PARKWAY - SUITE 300, SANTA CLARA CA 95054
Patrice Perche officer: Chief Revenue Off./EVP Supp. C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Michael Xie director, officer: VP, Engineering & CTO 1090 KIFER ROAD, SUNNYVALE CA 94086
William H. Neukom director C/O FORTINET, INC., 1090 KIFER ROAD, SUNNYVALE CA 94086
Keith Jensen officer: Chief Accounting Officer C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94068
John Whittle officer: VP & General Counsel 1090 KIFER ROAD, SUNNYVALE CA 94086
James G. Stavridis director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Christopher B Paisley director 14870 THREE OAKS COURT, SARATOGA CA 95070
Jean X. Hu director 2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054
Kelly Ducourty director C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Cohen Peter Dale Jr. director C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Ming Hsieh director 4399 SANTA ANITA AVE., EL MONTE CA 91731
Judith Sim director C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Del Matto Andrew H officer: Chief Financial Officer 350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Gary Locke director C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086