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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.

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

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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.

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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Top-ranked vulnerabilities are 327x more likely to be attacked within one week of being published compared to all other Common Vulnerabilities and Exposures Top-ranked vulnerabilities are 327x more likely to be attacked within one week of being published compared to all other Common Vulnerabilities and Exposures

FortiGuard Labs: Organizations Detecting Ransomware Decline as the Volume and Impact of Targeted Attacks Continue to Rise

Fortinet stock fell 25% on Friday after it warned of deals being delayed. Guggenheim's Raymond McDonough says it's time to buy the dip.

Fortinet Stock Has Plunged. Why This Analyst Says That's an Opportunity.

Palo Alto Networks

Qualys

Considering the increasing vulnerability of our online activity, snapping up cheap cybersecurity stocks can be a wise move for investors. We use computers, smartphones and other devices to communicate with people online, stay up to date on the latest information and find things to do.

3 Cheap Cybersecurity Stocks That Smart Investors Will Snap Up Now

Fortinet stock dropped nearly 25% in one trading session.

Fortinet Stock Plummets After Earnings -- What Went Wrong?

Fortinet Inc.'s warning of “macro uncertainties” was weighing on the cybersecurity sector Friday, though at least one industry name managed to buck the trend.

Fortinet's stock sent to the ‘penalty box,' while Cloudflare appears to have exited it

Fortinet beat on earnings, but slightly missed on revenue growth in the second quarter. Management noted that billings performance was hurt by macro uncertainty during the quarter.

Why Fortinet Stock Plunged Today

Fortinet's (FTNT) Q2 results reflect strong demand for Core and Enhanced Platform Technologies, while positive pricing actions, easing supply-chain cost pressures and discounting policies in the Product segment drive earnings higher.

Fortinet (FTNT) Q2 Earnings Beat Expectations, Sales Miss

CrowdStrike

Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.

Fortinet Stock Plunges on Macro Warning. Palo Alto, CrowdStrike Also Down.

Fortinet, Inc. (NASDAQ:FTNT ) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Peter Salkowski - SVP of Finance & IR Ken Xie - Founder, Chairman & CEO Keith Jensen - CFO & Chief Accounting Officer Conference Call Participants Gabriela Borges - Goldman Sachs Tal Liani - Bank of America Merrill Lynch Brad Zelnick - Deutsche Bank Eunji Song - Morgan Stanley Saket Kalia - Barclays Shaul Eyal - TD Cowen Joseph Gallo - Jefferies Andrew Nowinski - Wells Fargo Operator Good day and thank you for standing by. Welcome to the Fortinet Q2 '23 earnings call.

Fortinet, Inc. (FTNT) Q2 2023 Earnings Call Transcript

Fortinet Inc. saw an “unusually large volume of deals” pushed out beyond the June quarter, its chief financial officer said Thursday, and that commentary was weighing on the broader cybersecurity sector.

Fortinet leads cybersecurity stocks sharply lower after warning of deal delays

The headline numbers for Fortinet (FTNT) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Fortinet (FTNT) Reports Q2 Earnings: What Key Metrics Have to Say

Fortinet (FTNT) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.24 per share a year ago.

Fortinet (FTNT) Tops Q2 Earnings Estimates

Second Quarter 2023 Highlights Product revenue of $472.6 million, up 18% year over year Service revenue of $820.2 million, up 30% year over year Total revenue of $1.29 billion, up 26% year over year Billings of $1.54 billion, up 18% year over year 1 Deferred revenue of $5.13 billion, up 30% year over year GAAP operating income of $279.0 million, up 43% year over year Non-GAAP operating income of $348.1 million, up 36% year over year 1 GAAP operating margin of 21.6% Non-GAAP operating margin of 26.9% 1 GAAP diluted net income per share attributable to Fortinet, Inc. of $0.33, up 57% year over year Non-GAAP diluted net income per share attributable to Fortinet, Inc. of $0.38, up 58% year over year 1 Cash flow from operations of $515.1 million Free cash flow of $438.3 million 1 SUNNYVALE, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Fortinet ® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the second quarter ended June 30, 2023.

Fortinet Reports Second Quarter 2023 Financial Results

New Underlay and Overlay Services make SD-WAN deployments more seamless than ever before, even for resource-constrained organizations New Underlay and Overlay Services make SD-WAN deployments more seamless than ever before, even for resource-constrained organizations

Fortinet Announces New SD-WAN Services to Further Simplify Operations and Enhance Digital Experience

Introducing new FortiGate 90G, accelerated by SP5 ASIC and FortiGuard AI-Powered Security Services Introducing new FortiGate 90G, accelerated by SP5 ASIC and FortiGuard AI-Powered Security Services

Fortinet Expands Its Secure Networking Portfolio to Further Drive the Convergence of Networking and Security

StoneCo

Workday

We have narrowed our search to five Internet software stocks with strong potential for the rest of 2023. These are: CRWD, FTNT, PANW, WDAY, STNE.

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Report from Enterprise Strategy Group reveals that the integrated Fortinet SecOps Fabric automatically contains incidents in minutes or even seconds Report from Enterprise Strategy Group reveals that the integrated Fortinet SecOps Fabric automatically contains incidents in minutes or even seconds

Fortinet Security Operations Solutions Use AI to Slash Time to Detect and Respond to Incidents from Three Weeks to One Hour

Fortinet's (FTNT) second-quarter 2023 earnings are likely to have been aided by the strong adoption of Security Fabric, cloud and SD-WAN offerings.

Fortinet (FTNT) to Report Q2 Earnings: What's in the Offing?

As a member of ITU's Telecommunication Development Sector, Fortinet will foster public-private partnerships and drive significant progress in its commitment to close the cybersecurity skills gap As a member of ITU's Telecommunication Development Sector, Fortinet will foster public-private partnerships and drive significant progress in its commitment to close the cybersecurity skills gap

Fortinet Joins International Telecommunication Union (ITU) to Advance Global Cybersecurity Skills Development

As one of the top and fastest growing OT security vendors, Fortinet is increasing market share with its integrated OT-Aware Security Fabric platform As one of the top and fastest growing OT security vendors, Fortinet is increasing market share with its integrated OT-Aware Security Fabric platform

Fortinet Recognized as the Sole Leader in the Westlands Advisory 2023 IT/OT Network Protection Platforms Navigator™

The cybersecurity market is expanding rapidly. Corporations and individuals alike are putting more of a priority on protecting their computers, whether it is a large cloud storage network or one laptop computer.

3 Cybersecurity Stocks You Better Be Buying on Each and Every Dip

Cybersecurity is a critical service for businesses as cyberattacks continue to grow. A report cited a 38% increase in cyberattacks from 2021 to 2022.

News for Fortinet Stock (FTNT)