secwatch.observer — SEC 8-K summary
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Issuer:     Fortinet, Inc. (FTNT)
CIK:        0001262039
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001262039-24-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortinet Q4 revenue $1.42B (+10.3% YoY); guides FY2024 revenue $5.72-5.82B
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- Q4 GAAP diluted EPS $0.40 (flat YoY); non-GAAP diluted EPS $0.51 (up from $0.44).
- Q4 product revenue $488M (-9.6% YoY); service revenue $927M (+24.8%); billings $1.86B (+8.5%).
- Full-year 2023 revenue $5.30B (+20.1%); GAAP operating margin 23.4%; non-GAAP diluted EPS $1.63.
- Board authorized $500M increase to buyback program; $1.03B remaining as of Feb 6, 2024.
- Q1 2024 guidance: revenue $1.30-1.36B, billings $1.39-1.45B, non-GAAP EPS $0.37-0.39.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262039/000126203924000006/0001262039-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262039/000126203924000006/ftnt-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001262039-24-000006

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