Revenue segments as reported by the company.

Product

Service

Revenue Segments

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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Research and development

Sales and marketing

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Gain on intellectual property matter

Operating Expenses

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

Market Cap

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

Revenue Multiple

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.

Earnings data Q1 2021

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Earnings data Q4 2024

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 stock is recovering after a disappointing earnings-related drop.

Where Will Fortinet Stock Be in 2024?

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Fortinet stock rallied on a solid outlook for 2024. The company's services revenue could mean good things for other cybersecurity software leaders.

1 Top Company Just Gave the Green Light on Cybersecurity Stocks

Two recent earnings reports have pushed down the shares. Despite short-term challenges, the future is still bright.

This Under-the-Radar Cybersecurity Stock Is a No-Brainer Buy in 2024

Fortinet's stock has soared more than 5,500% since its IPO in 2009. It locks in its customers with its first-party chips, hardware, and software.

Could Fortinet Stock Help You Become a Millionaire?

CrowdStrike

Fortinet's slowdown will continue through the first half of this year. CrowdStrike's growth is also cooling off as companies rein in their spending.

Better Cybersecurity Stock: Fortinet vs. CrowdStrike

Fortinet is a leading cybersecurity vendor, offering products and services like Firewalls, threat intelligence, and SASE. The company is expected to benefit from the increasing cybersecurity needs of corporates due to malware attacks, phishing threats, and data leakages. Fortinet is the industry leader in the firewall gateway and SD-WAN segments and has enjoyed double-digit growth in billings and revenue.

Fortinet: Excellent Business To Surf The Secular Trend, But Valuations Remain Enriched

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Cybersecurity has become a paramount concern for businesses and governments alike. According to Check Point research, 2023 was the year of mega ransomware, with 1 in 10 organizations worldwide hit by an attempted attack.

The 3 Best Cybersecurity Stocks to Buy in February 2024

Check Point Software Technologies

Cyber security stocks Check Point Software NASDAQ: CHKP and Fortinet NASDAQ: FTNT can hit new highs, but one is the better buy. While Check Point is a smaller company growing at a slower rate, its cost of earnings is far more reasonable, and capital returns are more substantial.

These cyber security stocks can hit new highs

Muted guidance may have tempered the otherwise strong results, but it was nevertheless a relief for investors who have seen a few dismal quarters.

Fortinet Hits Buy Point As Q4 Results Break This Awful Streak

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Fortinet has consistently achieved double-digit growth over the past 10 years, outperforming the overall cybersecurity market. The company's strong cross-selling opportunities across its product, subscription, and technical support segments support its growth outlook.

Fortinet: Cybersecurity Stock With Robust Growth

Fortinet Bears Could Be Wrong To Doubt This Company's Transition

Fortinet Inc (NASDAQ:FTNT) stock is lifting the cybersecurity sector today, after the company's stronger-than-expected fourth-quarter results, announced after yesterday's close.

Fortinet Earnings Lift Cybersecurity Stocks

Fortinet's (FTNT) fourth-quarter results reflect strength in demand from small enterprise customers and growth in the company's security subscriptions.

Fortinet (FTNT) Q4 Earnings Beat Estimates, Sales Rise Y/Y

In Q4, Fortinet beat expectations for earnings and (barely) for sales. Fortinet cut its guidance for Q1 and for the rest of 2024.

Why Fortinet, CrowdStrike, and Palo Alto Networks Stocks Zoomed Higher Today

Cybersecurity solutions company Fortinet, Inc. (FTNT) reported quarterly earnings and billings that came in ahead of Wall Street's expectations, sending its shares up more than 5% in early trading Wednesday morning.

Fortinet Stock Jumps as Cybersecurity Demand Drives Q4 Earnings Beat—Key Level to Watch

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The cybersecurity company also topped quarterly expectations for adjusted earnings.

Fortinet ‘Not Broken' as Stock Rallies on Strong Billings Beat

While the top- and bottom-line numbers for Fortinet (FTNT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fortinet (FTNT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Fortinet, Inc. (FTNT) Q4 2023 Earnings Call Transcript

Fortinet reported fourth-quarter profit above analysts' estimates on Tuesday, as enterprises spent more to safeguard their digitized operations against the rising risk of attacks, sending the cybersecurity company's shares up 10.4% in extended trading.

Fortinet beats Q4 profit on cybersecurity demand, shares jump

Fortinet reported Q4 quarter earnings, revenue and billings that topped estimates.

Fortinet Stock Jumps On Q4 Earnings, Revenue And Billings Beat

After whiffing big with its previous two earnings reports, Fortinet Inc. delivered upbeat profit and billings numbers for the latest quarter Tuesday, helping to send its stock rocketing.

News for Fortinet Stock (FTNT)