secwatch.observer — SEC 8-K summary
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Issuer:     Fortinet, Inc. (FTNT)
CIK:        0001262039
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001262039-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortinet Q4 revenue $963.6M (+29% YoY), non-GAAP EPS $1.23; FY22 rev guidance $4.275-4.325B
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- Q4 total revenue $963.6M (+28.8% YoY); product rev $378.9M (+31.4%), service rev $584.7M (+27.2%).
- Q4 billings $1.31B (+35.9% YoY); bookings $1.43B (+48.7%); deferred revenue $3.45B (+32.5% YoY).
- Q4 GAAP EPS $1.19, non-GAAP $1.23; full-year GAAP EPS $3.63, non-GAAP $3.99.
- Full-year cash from ops $1.50B; free cash flow record $1.20B; share repurchases $741.8M in 2021.
- FY2022 guidance: rev $4.275-4.325B, billings $5.4-5.48B, non-GAAP EPS $4.85-$5.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262039/000126203922000005/0001262039-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262039/000126203922000005/ftnt-20220203.htm
  HTML page:      https://secwatch.observer/filing/0001262039-22-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer