Fortinet provided earnings guidance for the first quarter and full year of 2016. For the quarter, total revenue are expected to be in the range of $270 million to $275 million, up 28% year-over-year at the mid-point. Non-GAAP gross margin is expected to be approximately 72% to 73%. Non-GAAP operating margin is expected to be approximately 8% to 9%, reflecting typical seasonality in the first quarter operating expenses, which include higher benefit and payroll cost. The company expects non-GAAP earnings per share to be approximately $0.08 to $0.09 based on an expected diluted share count in the range of 179 million to 181 million fully diluted shares.

For the full year 2016, the company expects total revenue to be in the range of $1,250,000,000 to $1,260,000,000, up 24% year-over-year at the mid-point. Non-GAAP gross margin is expected to be approximately 73%. Non-GAAP operating margin is expected to be approximately 15%. The company expects non-GAAP earnings per share to be in the range of approximately $0.67 to $0.69 per share based on an expected diluted share count in the range of 183 million to 185 million fully diluted shares.