Fortinet (FTNT) delivered earnings and revenue surprises of 23.33% and 4.19%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

For the current quarter ending in March, Fortinet expects its per-share earnings to range from 52 cents to 54 cents. The company said it expects revenue in the range of $1.5 billion to $1.56 billion for the fiscal first quarter.

Enterprise clients continue to invest in AI-powered cybersecurity products due to the rise in digital scams and high-profile security incidents that could affect their business operations and reputation.

Fortinet stock popped on Q4 earnings that topped Wall Street estimates while 2025 revenue guidance came in well above views.