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.

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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.

New FortiGate 3200F and 900G Drive Efficiencies, Improve Security, and Unify Management Across the Entire Hybrid Network New FortiGate 3200F and 900G Drive Efficiencies, Improve Security, and Unify Management Across the Entire Hybrid Network

Fortinet NGFWs and FortiGuard AI-Powered Security Services Deliver 318% ROI and Payback in Six Months for the Enterprise Data Center

CrowdStrike

CyberArk Software

Cloudflare

Palo Alto Networks

Palantir Technologies

Zscaler

Cybersecurity stocks are rallying with several hitting 52-week highs.

These Cybersecurity Stocks Outperform To Hit New Highs

Broadcom

Microsoft

NVIDIA

Microsoft Corp. and Nvidia Corp., two of the standard-bearers of the artificial-intelligence wave, along with another chipmaker and one cybersecurity company, jostled for record closing highs Friday, as AI remains a driving force in this year's tech rally.

Microsoft, Nvidia, Broadcom, Fortinet all vie for record closing highs as AI drives tech gains

Companies are continuously facing new challenges on the cybersecurity front as hackers constantly find new ways of attacking firms' systems. Moreover, Gartner, the highly respected IT research firm, predicts that “By 2025, the consumerization of AI-enabled fraud will fundamentally change enterprise attack(s).

3 Cybersecurity Stocks to Catapult You into the Millionaires' Club

We continue to be bullish on Fortinet, Inc. stock, which is up roughly 51% since our buy rating in December, outperforming the S&P 500 by 39%. We think Fortinet is one of the few stocks reaching all-time highs on fundamentals rather than market noise. Our investment thesis regarding strong cybersecurity appetite as a top IT spending priority is playing out; we expect Fortinet to expand its deal wins and see a real growth story.

Fortinet: Navigating Second Half Of 2023 Through Cybersecurity Resilience

Check Point Software Technologies

Amplify Cybersecurity ETF

Cybersecurity stocks fell Wednesday after Microsoft Corp. announced an expansion into network security, and rebranded its Azure Active Directory to reflect that move, which could haunt pure-play security vendors in the long term.

Microsoft cybersecurity expansion poses long-term ‘ramifications' for Palo Alto Networks, Cloudflare, others

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Bulls Look Optimistic About Fortinet (FTNT): Should You Buy?

Inmode Ltd

ServiceNow

Investors seeking higher returns on their capital often turn to hypergrowth stocks. These assets have great potential and can comfortably exceed the returns of the S&P 500 if the companies continue to grow at high rates.

3 Hypergrowth Stocks to Catapult You into the Millionaires' Club

As we navigate the digital frontier of 2023, high-growth cybersecurity stocks are blazing an impressive trail. The demand for powerful and sophisticated cybersecurity services is growing rapidly.

3 High-Growth Cybersecurity Stocks to Buy Now

An analyst raised his price target on the cybersecurity specialist's shares. This was part of a broader review of stocks in the segment.

Why Fortinet Stock Zoomed Almost 5% Higher Today

Cisco Systems

Savvy investors are eyeing cheap yet promising cybersecurity stocks, capitalizing on the growing market trend while contributing to the resilience of our digital infrastructure. The demand for online protection is surging in the wake of the Russian invasion of Ukraine.

5 Cheap Cybersecurity Stocks to Buy Before They Bounce Back

With growing digitization, cyberattacks are becoming more prevalent and more sophisticated. Now, technological innovations in artificial intelligence have highlighted the importance of data to businesses.

3 Cybersecurity Stocks That Will Skyrocket Before 2025

iCAD

MongoDB

Rivian Automotive

Super Micro Computer

Stem, Inc

XPeng

The U.S. government just revised Q1 GDP to 2% from 1.3%, which tells us, despite the frantic warnings of many bearish economists, a recession is not likely. In addition, the labor market remains strong, as new applications for unemployment benefits sank by 26,000 to 239,00 last week.

7 Stocks to Target for Triple-Digit Returns in 2023

Fortinet ( FTNT , Financial), a technology company that provides cybersecurity and networking solutions, has delivered a stellar performance for its shareholders so far in 2023, with gains of nearly 53% year-to-date, beating the Nasdaq composite's gains around 31%, as of this writing.

Fortinet: A Cybersecurity Growth Stock With a Big Problem

Stocks like Palo Alto Networks Inc. NASDAQ: PANW and ZScaler Inc. NASDAQ: ZS have been price leaders recently within the industry, and both have shown strong earnings growth, as well.

Fortinet Positioned For Growth In AI-Based Cybersecurity Boom

Fortinet (FTNT) is a stock that investors may consider adding to their portfolios amid the current market volatility and gain from its upside potential.

7 Reasons to Add Fortinet (FTNT) Stock to Your Portfolio

Iron Mountain

While most everyone appreciates the conveniences that digitalization and its underlying connectivity foster, investors should nevertheless consider the best cybersecurity stocks to buy. Although people should think the best of each other, that's just not reality.

The 7 Best Cybersecurity Stocks to Buy in July

Salesforce

ON Semiconductor

Here we have discussed four growth-rated tech stocks - CRM, PANW, ON and FTNT - that have outperformed the broader equity market year to date and have the potential to increase further.

4 Top-Ranked Tech Stocks to Buy for Better Returns in 2H23

SUNNYVALE, Calif., July 05, 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 second quarter 2023 financial results on Thursday, August 3, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce Second Quarter 2023 Financial Results

Aptiv

Cadence Design Systems

Chipotle

Intuit

Paycom Software

Insulet

ServiceNow and Chipotle Mexican Grill are among just eight S&P 500 stocks that meet Goldman Sachs' Rule Of 10 screens for sales and net income.

Just 8 S&P 500 Stocks Make These Goldman 'Rule Of 10' Screens

DexCom

Enphase Energy

SolarEdge Technologies

“Can tech keep up the pace?” is a burning question for many with regards to a sector that helped drive the S&P 500 SPX, +0.12% to its best first half since 2019.

These stocks could be the next Magnificent Seven market leaders, says Goldman Sachs

Cyber attacks are on the rise and cost business owners trillions of dollars every year. As cyber attackers get smarter and more businesses find themselves vulnerable, they need cybersecurity software and experts to keep their information safe.

The 3 Most Undervalued Cybersecurity Stocks to Buy Now: June 2023

Invesco QQQ

ASML Hld

Datadog

Alphabet

Atlassian

Workday

The Invesco QQQ fund gives investors an easy way to gain exposure to top tech and tech-adjacent stocks. Here, we feature nine of the hottest names in the ETF.

The Best QQQ Stocks To Buy Now

Align Technology

Copart

Monolithic Power Systems

West Pharmaceutical Services

Apple actually isn't the best performer in the S&P 500 so far this year.

6 Stocks That Have Outperformed Apple This Year

Hosted at the Fortinet Championship, the Security Summit is one of the top tech leadership events in the United States Hosted at the Fortinet Championship, the Security Summit is one of the top tech leadership events in the United States

Media Advisory: Global Cybersecurity Experts Return for the Third Annual Fortinet Security Summit and Tech Expo at the Fortinet Championship Golf Tournament

News for Fortinet Stock (FTNT)