Revenue segments as reported by the company.

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Service

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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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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.

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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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.

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Fortinet, Inc. (NASDAQ:FTNT ) Wells Fargo 7th Annual TMT Summit Conference November 28, 2023 3:45 PM ET Company Participants Keith Jensen - CFO Conference Call Participants Andy Nowinski - Wells Fargo Andy Nowinski Okay, everyone, thank you very much for joining us today. My name is Andy Nowinski, software analyst at Wells Fargo.

Fortinet, Inc. (FTNT) Wells Fargo 7th Annual TMT Summit Conference (Transcript)

Fortinet has generated a return of more than 4,000% since its IPO. Macro headwinds have significantly throttled its growth over the past year.

Will Fortinet Be a Trillion-Dollar Stock by 2040?

Fortinet (FTNT) provides a complimentary security awareness program for all primary and secondary-grade students in the U.K.

Fortinet (FTNT) Offers Free Security Program for UK Students

Fortinet, Inc. experienced significant downside volatility after disappointing Q3 earnings and billings performance. The market reaction is justified. The stock is currently not priced at a discount, and its growth is expected to slow further. Investors are right to price in higher execution risks. Despite challenges, management is confident in the company's long-term prospects and expects growth to rebound in the second half of 2024.

Fortinet: Crashed To A 1-Year Low - Time To Pounce (Rating Upgrade)

Global X Cybersecurity ETF

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Amplify Cybersecurity ETF

Rapid7

Cybersecurity stocks are great long-term buys because unbelievably, we're still not prepared for cyber attacks. Even after hundreds of attacks over the years, some of the biggest companies in the world – even government agencies aren't prepared.

7 Cybersecurity Stocks You'll Regret Not Buying Soon: November 2023

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Oracle

Perion Network

QUALCOMM

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Get Massive Returns in 2024 With These Top 7 Undervalued Growth Stocks

Dollar Tree

Warner Bros Discovery Inc

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AutoNation

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Genmab - ADR

Jack in the Box

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Vici Properties

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CyberArk Software

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SentinelOne

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Fortinet delegation will contribute alongside the world's foremost cybersecurity leaders and experts in efforts to make cyberspace safer and more resilient Fortinet delegation will contribute alongside the world's foremost cybersecurity leaders and experts in efforts to make cyberspace safer and more resilient

Media Advisory: Fortinet Returns to World Economic Forum's Annual Meeting on Cybersecurity

Fortinet stock has turned into a disaster since this summer as management has disappointed with guidance two quarters in a row. However, there's more going on under the hood than just disappointing guidance.

Fortinet Stock Tanks Again, Buying Opportunity or Falling Knife?

Fortinet disappointed investors with a pessimistic outlook.

Down 37%, Is Fortinet Stock a Buy on the Dip?

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Apple

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iShares Russell 2000 ETF

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Airbnb

Arista Networks

Carnival

Ceridian HCM Holding Inc.

DexCom

First Solar

General Electric

Eli Lilly

Las Vegas Sands

Lamb Weston Hlds

Mondelez

Norwegian Cruise Line

ServiceNow

PACCAR

Insulet

Royal Caribbean Cruises

Roper Technologies

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Fortinet produced weaker-than-expected sales growth in its latest quarter. It reduced its full-year revenue and billings guidance again.

Is It Too Late to Buy Fortinet Stock?

Fortinet reported Q3 revenue and billings that missed estimates while its 2024 outlook disappointed amid slowing growth in the market for network "firewall" appliances.

Fortinet Plunges As Network Firewall Market Turns Down

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

Fortinet (FTNT) Q3 Earnings Beat Expectations, Sales Miss

Fortinet beat earnings expectations in Q3, but its sales came in lower than anticipated. The company's forward guidance and commentary are also worrying investors.

Why Fortinet Stock Is Plummeting Today

While most of Wall Street cheers freefalling bond yields  and jobs data, Fortinet Inc (NASDAQ:FTNT) is sitting out the festivities today.

Fortinet Stock Suffers Another Post-Earnings Collapse

Fortinet shares sank over 20% at the open on Friday after it reported disappointing third-quarter sales and provided 4Q guidance that fell short of expectations as the Secure Networking market experiences slower growth. The cybersecurity company said product demand is returning to normal levels following two years of elevated growth.

Fortinet stock tumbles on 3Q revenue miss; weak outlook

News for Fortinet Stock (FTNT)