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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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

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.

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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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SUNNYVALE, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet “Fortinet serves tens of thousands of secure SD-WAN enterprise customers, offers the world's only SD-WAN ASIC solution, and has been named as a Leader in the Gartner Magic Quadrant for SD-WAN for the fourth year in a row.

Fortinet Recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for SD-WAN for the Fourth Year in a Row and Highest in Ability to Execute Three Times

NASHVILLE, Tenn.--(BUSINESS WIRE)--Cloud Range, the industry's leading cyber range solution to reduce cyber risk across the organization, today announced it has joined the Fortinet Fabric-Ready Technology Alliance Partner Program – a part of the Fortinet Open Ecosystem – to provide cybersecurity teams with full-service, live-fire simulation exercises specifically designed for OT, IT, IoT, and converged environments. The partnership with Fortinet will give practitioners the capabilities and expe.

Cloud Range Joins Fortinet Fabric-Ready Partner Program to Protect Enterprise Organizations with Cyber Preparedness Simulation Platform

SUNNYVALE, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its third quarter 2023 financial results on Thursday, November 2, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce Third Quarter 2023 Financial Results

Membership emphasizes Fortinet's focus on embedding sustainability and responsible corporate governance into its operations and business model Membership emphasizes Fortinet's focus on embedding sustainability and responsible corporate governance into its operations and business model

Fortinet Joins the United Nations Global Compact

Management is forecasting robust industry growth between now and 2030.

What's Going on With Fortinet Stock?

The cybersecurity company expects revenue to accelerate later this year.

Great News for Fortinet Stock Investors

Council Members from Five Eyes Nations Will Help Advance the Fortinet Veterans Program's Impact on Supporting Military Veterans in Transitioning to Careers in Cybersecurity Council Members from Five Eyes Nations Will Help Advance the Fortinet Veterans Program's Impact on Supporting Military Veterans in Transitioning to Careers in Cybersecurity

Fortinet Announces Formation of Veterans Program Advisory Council to Narrow the Cybersecurity Skills Gap with Military Veteran Talent

Rapid revenue growth is capturing investor attention.

Why Is Everyone Talking About Fortinet Stock?

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Macroeconomic uncertainty is causing some of Fortinet's clients to pause or delay spending.

Where Will Fortinet Stock Be in 1 Year?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Brokers Suggest Investing in Fortinet (FTNT): Read This Before Placing a Bet

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Fortinet (FTNT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, FTNT crossed above the 200-day moving average, suggesting a long-term bullish trend.

Fortinet (FTNT) Recently Broke Out Above the 200-Day Moving Average

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Technology alliance partnership between industry leaders aims to deliver cloud-native security protections for joint customers Technology alliance partnership between industry leaders aims to deliver cloud-native security protections for joint customers

Fortinet and Wiz Team Up to Protect Enterprise Cloud Workload Environments

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Fortinet, a prominent player in cybersecurity, experienced a decline in share prices in August 2023, causing concerns among investors. The company showcased impressive growth in revenue and net income, with a promising trajectory for free cash flow. Technical analysis suggests potential upward trends in Fortinet's stock price, presenting a golden investment window for long-term investors.

Fortinet Reaches Technical Support Following August's Market Adjustments

Fortinet stock has experienced a massive battering due to disappointing forward guidance and a deceleration in growth. However, you would have sold at its lows if you sold then. Buyers have returned to stem the recent slide, helping FTNT to recover remarkably well. FTNT boasts a best-in-class "A" growth grade, supported by its wide economic moat in networking and cybersecurity solutions.

Fortinet: A Top Growth Stock That's No Longer Overvalued - Here's Why

Fortinet reported quarterly earnings that were mostly in line with investor expectations. Weak bookings figures and revised forecasts cast doubt on its short-term growth prospects.

Why Did Fortinet Stock Drop 23% Last Month?

Fortinet, Inc. (NASDAQ:FTNT ) Goldman Sachs Communacopia + Technology Conference Call September 5, 2023 6:05 PM ET Company Participants Keith Jensen - Chief Financial Officer John Maddison - Chief Marketing Officer and Executive Vice President, Product Strategy Conference Call Participants Gabriela Borges - Goldman Sachs Gabriela Borges All right, I think we can go ahead and kick it off. Thank you for joining us in this afternoon's Fortinet session.

News for Fortinet Stock (FTNT)