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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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.

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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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Thanks to strong revenue growth, many cybersecurity stocks have attracted growth investors. While some of these companies are seeing high revenue growth and double-digit profit margins, others are trying to minimize losses and turn a profit.

7 Cybersecurity Stocks You'll Regret Not Buying Soon

SUNNYVALE, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been notified of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC) to purchase up to 2,000,000 shares of Fortinet's common stock at a price of $55.55 per share in cash. TRC's offer price of $55.55 per share is approximately 4.86% lower than the closing price of Fortinet's common stock on August 21, 2023, the last trading day prior to the date of TRC's offer, which began on August 22, 2023.

Fortinet Recommends Stockholders Reject TRC Capital Investment Corporation's “Mini-Tender” Offer

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SUNNYVALE, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud

Fortinet Wins Google Cloud Technology Partner of the Year Award for Security – Identity & Endpoint Protection

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As the digital world races forward, the need to shield its expanses becomes increasingly important. Enter cybersecurity, standing tall as one of the most compelling investment themes for the upcoming decade.

These Are the ONLY 7 Cybersecurity Stocks to Consider in August 2023

FortiSASE integration with Fortinet WLAN portfolio enables more options to securely connect remote workers and distributed edges; Digital experience monitoring innovations ensure optimal user experience end to end FortiSASE integration with Fortinet WLAN portfolio enables more options to securely connect remote workers and distributed edges; Digital experience monitoring innovations ensure optimal user experience end to end

Fortinet Expands its SASE Solution to Bring Cloud-Delivered Enterprise-Grade Protection to Microbranches

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Splunk is a data platform leader available at a reasonable valuation. CrowdStrike is a top cybersecurity stock with an exceptionally high growth rate.

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Broadcom

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The stock market has produced many winners over the past decade. Long-term investors benefit from companies that deliver consistent revenue and earnings growth over time.

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Near-term headwinds led Fortinet to reduce its full-year guidance, but investors would do well to focus on the bigger picture. The company's deferred revenue and TAM suggest that its slowdown will be temporary.

1 Beaten-Down Tech Stock to Buy Hand Over Fist Before It Erupts

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Fortinet delivers unified management using a single console while delivering seamless integration of SD-WAN and cloud-delivered AI-powered security to secure the hybrid workforce Fortinet delivers unified management using a single console while delivering seamless integration of SD-WAN and cloud-delivered AI-powered security to secure the hybrid workforce

Fortinet Named a Challenger in the 2023 Gartner® Magic Quadrant™ for Single-Vendor SASE

Fortinet is a leading cybersecurity company with a strong business model that sells hardware and software subscriptions focused on data and communication security. The integration between Fortinet's hardware and software services creates synergies and allows the company to offer a complete and efficient solution to its customers. The cybersecurity market is projected to grow at a compound annual growth rate of 16%, providing significant opportunities for Fortinet's dual-focused approach.

Fortinet: The Market Is Overreacting To The Guidance Cut And Providing A Good Buying Opportunity

Fortinet Inc. ( FTNT , Financial) is a cybersecurity company that was rated as a leader in enterprise firewalls by both Forrester and Gartner. The company has been growing at a rapid pace over the past couple of years and continued to produce solid growth in the second quarter.

Is Fortinet a Good Opportunity After Sell-Off?

Gen Digital Inc

Cybersecurity is one of the secular investment themes for the next decade. The industry has been receiving much attention from investors.

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Fortinet solution includes a unified end-user agent that provides both endpoint security and Zero Trust Edge innovations Fortinet solution includes a unified end-user agent that provides both endpoint security and Zero Trust Edge innovations

Fortinet Named a Leader in the 2023 Zero Trust Edge Solutions Report by Independent Research Firm

Fortinet stock got clobbered following management's downgrade of full-year guidance. The situation needs to be monitored, but it appears Fortinet will still grow well over 20% this year.

Fortinet's Stock Crashed -- Is This Leading Cybersecurity Provider Done For?

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Investors should expect a steep selloff among artificial intelligence stocks, as Wall Street cashes in on the high valuations many companies in this sector provide. On the other hand, some high-potential AI names remain overlooked, and the recent AI craze has done little to uplift their valuation.

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Fortinet stock dropped nearly 25% after the company reported earnings last week. Could this be a buying opportunity for long-term investors?

Is Fortinet a Buy After a Huge Earnings Dip?

RIDGELAND, Miss.--(BUSINESS WIRE)--Business Communications, Inc (BCI), a leading managed network and security solutions provider based in Ridgeland, Mississippi, today announced that it is the second partner in the United States to be named an Engage Preferred Services Partner (EPSP) within Fortinet's Engage Partner Program. This designation demonstrates BCI's ability to expertly deploy, operate, and maintain end-to-end security solutions helping organizations achieve digital acceleration. “Ach.

Business Communications, Inc. (BCI) Achieves Fortinet's Engage Preferred Services Partner Designation

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O'Reilly Automotive boasts a five-year annualized earnings growth rate of 22%.

Fortinet Exits Long-Term Leaders After Earnings Sell-Off; O'Reilly Automotive Joins Watchlist

Cloudflare

Cybersecurity stocks underperformed the broader market Monday as analysts continued to update outlooks of the volatile sector, resulting in one firm's simultaneous upgrade of Fortinet Inc. and downgrade of Cloudflare Inc.

Why Fortinet's record selloff was overdone and Cloudflare's stock got ‘way ahead of itself'

Investors should consider capitalising on the recent sell-off in Fortinet Inc (NASDAQ: FTNT), says Raymond McDonough – a Guggenheim analyst. Fortinet stock could climb back to $70 McDonough upgraded the cybersecurity stock this morning to “buy” and said it could recover all the way back to $70.

Buy Fortinet stock following the recent sell-off: Guggenheim recommends

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Quarterly earnings reports are continuing to roll in for the S&P 500 — but earnings season never really ends, because about 20% of companies in the benchmark index have fiscal quarters that don't match the calendar.

News for Fortinet Stock (FTNT)