Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on intellectual property matter

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Fortinet

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security, Infrastructure Security, Cloud Security, and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment includes the majority of product sales from its FortiGate network security appliances. The Infrastructure Security segment provides a platform, which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public clouds. Together with its network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated, and collaborative solution. The Cloud Security segment provides help to customers to connect securely to and across their cloud environments by offering security through its virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment includes the proliferation of Internet of Things (IoT) and an Operational Technology (OT). IoT and OT have created an environment where data moves freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

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Fortinet posts record Q4 results, eyes sustained growth and innovation

Fortinet delivered strong financial results in Q4 2022, with significant revenue growth, record billings, and a focus on maintaining operating margins above 25% amidst challenges.
The company showcased market leadership through innovative product offerings, market share gains, and strategic growth initiatives in diverse regions and sectors.
Opportunities for Fortinet include sustained product revenue growth, cloud infrastructure expansion, and leveraging integrated solutions for enhanced customer value and market positioning.

Fortinet excels in Q1 with record revenue growth and strategic focus

Fortinet delivered a stellar Q1 performance with robust revenue growth, strong customer acquisition, and strategic product advancements. While facing challenges in a competitive market and operational scalability, the company is well-positioned to capitalize on opportunities in cybersecurity and network security markets. By focusing on innovation, customer diversification, and revenue-driving strategies, Fortinet aims for continued growth and market leadership.

Fortinet reports robust Q2 earnings, eyes growth amid challenges

Fortinet's Q2 '23 performance was strong, with revenue growth, operating margin surpassing guidance, and diversified revenue streams from SD-WAN and OT security.
The company's strengths lie in market leadership in firewalls, innovative products, customer wins, and technological advancements like AI and machine learning.
Challenges include cancellation rates, workforce shortages for CISOs, macroeconomic impacts, and ongoing investments in hiring.
Opportunities exist in network security advantages, market positioning against competitors, growth projections, and leveraging demand trends in Europe.

Fortinet exceeds Q3 expectations, targets double-digit growth by 2024

Fortinet is strategically shifting focus towards SASE market for growth.
Confident in competing in SASE market with integrated solutions.
Investing in sales enablement and partnerships to drive growth.
Balanced approach to innovation, engineering, and sales execution.

Fortinet reports robust Q4 earnings, eyes growth in SASE and SecOps

Fortinet's Q4 2023 performance showcased strong financial results, with total billings up 8.5% and service revenue growing by 25%. Despite facing challenges like backlog impact and potential sales team hurdles, the company is well-positioned to leverage opportunities in SASE and SecOps growth. With a focus on innovation, customer-centric approach, and strategic investments, Fortinet aims to maintain its market leadership and drive future growth.

Fortinet reports record Q1 revenue and margins, eyes market leadership

Fortinet's Q1 2024 performance reflects strong financials, driven by unified SASE and SecOps segments, despite challenges from large deals impacting growth.
The company's focus on differentiated offerings, prudent cost management, and strategic investments positions it well for future growth and market leadership.
Opportunities in promoting unified SASE, leveraging hardware for SASE functions, and strategic initiatives like buybacks and M&A present avenues for continued success.

Fortinet reports record margins and strategic acquisitions driving growth

Fortinet's Q2 2024 earnings call showcased impressive financial results, marked by record operating margins, revenue growth, and strategic acquisitions. While facing potential challenges in a competitive market, the company's focus on innovation and market expansion presents promising opportunities for future growth and leadership.

Fortinet (FTNT) reports stellar Q3 results and eyes market expansion

Fortinet's Q3 2024 earnings call showcased exceptional performance, with record margins, revenue growth, and strategic wins across sectors and regions, underlining the company's strong market position and growth potential.
While challenges in maintaining growth momentum and addressing evolving market dynamics exist, Fortinet's solid financial results and raised guidance for the full year position it well for continued success and market leadership.
The company's focus on innovation, market expansion, and customer acquisition, coupled with strong financial metrics and operational efficiency, present promising opportunities for sustained growth and competitive advantage in the cybersecurity sector.

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Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

Fortinet (FTNT) reachead $67.55 at the closing of the latest trading day, reflecting a +1.24% change compared to its last close.

Fortinet (FTNT) Surpasses Market Returns: Some Facts Worth Knowing

Fortinet Inc  (NASDAQ:FTNT) stock is up 2% at $68.06 at last check, as it trades within one standard deviation of its 50-day moving average, a historically bullish trendline that has provided tailwinds in the past.

Can Fortinet Stock Overcome This Resistance Level?

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Fortinet: A Long Runway Of Growth Across SASE, SASO, And Beyond

Fortinet beats analyst revenue estimates and earnings per share forecasts in its latest earnings report. The company focuses on secure networking, SASE, and SecOps, which are expected to drive revenue growth. Fortinet's strategy shift towards SASE and SecOps has the potential to attract investors and improve its competitive position in the cybersecurity market.

Fortinet's New Strategy: A Reason For Investors To Buy The Stock

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In the most recent trading session, Fortinet (FTNT) closed at $71.46, indicating a +0.15% shift from the previous trading day.

Why the Market Dipped But Fortinet (FTNT) Gained Today

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Fortinet delivers a range of secure and integrated WLAN/LAN solutions, such as data center, smart campus, cyber physical, SD-Branch, microbranch with SASE, and hybrid workforce environments Fortinet delivers a range of secure and integrated WLAN/LAN solutions, such as data center, smart campus, cyber physical, SD-Branch, microbranch with SASE, and hybrid workforce environments

Fortinet Recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Windstream Enterprise (WE), a leading IT managed services provider, today unveiled Secure Flex Premium, a comprehensive suite of advanced technology solutions powered by Fortinet® (NASDAQ: FTNT) that provides a fully customizable cybersecurity infrastructure aimed to address the current and future network security needs of each unique customer. Through a bespoke technology package built upon one's existing on-premises, hybrid or cloud environment, Secure Flex.

Windstream Enterprise Debuts Secure Flex Premium with Fortinet for Maximum Enterprise Agility and Digital Acceleration

Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?

Fortinet (FTNT) Up 1.8% Since Last Earnings Report: Can It Continue?

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Fortinet, Inc. (NASDAQ:FTNT ) Management presents at Morgan Stanley's Technology, Media & Telecom Conference March 5, 2023 5:05 PM ET Company Participants Ken Xie - Chairman and CEO Keith Jensen - CFO Conference Call Participants Hamza - Cybersecurity analyst at Morgan Stanley Hamza Fodderwala All right. Good afternoon, everybody.

Fortinet, Inc. (FTNT) Management presents at Morgan Stanley's Technology, Media & Telecom Conference (Transcript)

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Building on the company's mission to close the cyber skills gap globally, Fortinet participates in European Union pledge to upskill and reskill individuals Building on the company's mission to close the cyber skills gap globally, Fortinet participates in European Union pledge to upskill and reskill individuals

Fortinet Joins the European Commission's Cybersecurity Skills Academy Initiative to Provide Learning Opportunities Across the European Union

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SUNNYVALE, Calif., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet “We're pleased to welcome Maggie Wilderotter to our esteemed board of directors.

Tech Industry Leader and Boardroom Powerhouse Maggie Wilderotter Joins Fortinet Board of Directors

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News for Fortinet Stock (FTNT)