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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.

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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.

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.

Fortinet Inc FTNT will be reporting its third-quarter earnings on Thursday. Wall Street expects 52 cents in EPS and $1.48 billion in revenues as the company reports after market hours.

Fortinet Gears Up For Q3 Earnings As Cyber Demand Drives Momentum

Here is how Fortinet (FTNT) and InterDigital (IDCC) have performed compared to their sector so far this year.

Are Computer and Technology Stocks Lagging Fortinet (FTNT) This Year?

FTNT's Q3 2024 earnings are likely to have been aided by the steady growth of Security Fabric, cloud and SD-WAN offerings, making it worth buying for investors.

Should Investors Buy or Hold Fortinet Stock Ahead of Q3 Earnings?

Get a deeper insight into the potential performance of Fortinet (FTNT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unveiling Fortinet (FTNT) Q3 Outlook: Wall Street Estimates for Key Metrics

Fortinet to collaborate with experts and contribute insights on enhancing global cyber resilience through public-private collaboration Fortinet to collaborate with experts and contribute insights on enhancing global cyber resilience through public-private collaboration

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

Fortinet (FTNT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here is What to Know Beyond Why Fortinet, Inc. (FTNT) is a Trending Stock

American Airlines

Leidos Hld

Tenet Healthcare

Top-ranked stocks Tenet Healthcare (THC), Fortinet (FTNT), Leidos (LDOS) and American Airlines (AAL) are likely to beat on the bottom line in their upcoming releases.

Play Likely Earnings Beat With 4 Top-Ranked Stocks

Fortinet (FTNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Fortinet (FTNT) Upgraded to Strong Buy: Here's What You Should Know

Fortinet (FTNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fortinet (FTNT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

In the closing of the recent trading day, Fortinet (FTNT) stood at $78.74, denoting a -0.79% change from the preceding trading day.

Fortinet (FTNT) Declines More Than Market: Some Information for Investors

In the latest trading session, Fortinet (FTNT) closed at $80.76, marking a +0.52% move from the previous day.

Fortinet (FTNT) Outperforms Broader Market: What You Need to Know

Check Point Software Technologies

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Cybersecurity stocks rank No. 105 out of 197 IBD industry groups.

Cybersecurity Stocks To Watch As Earnings Kick In: CHKP, Fortinet, Palo Alto

Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Fortinet (FTNT) Beat Estimates Again in Its Next Earnings Report?

Fortinet's AI innovation, market dominance, and strategic talent development signal stronger growth ahead, beyond the 45% stock surge in three months.

3 Key Reasons to Buy Fortinet Stock Beyond the 45% Surge in 3 Months

CyberArk Software

The widespread adoption of AI, IoT devices, and increased digitization across both public and private sectors has heightened the need for cybersecurity.

3 Top Stocks to Buy for Cybersecurity Exposure

SUNNYVALE, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet “As threat actors harness new technologies like AI to augment the sophistication of their attacks, it's increasingly crucial that employees serve as a robust first line of defense. Fortinet's new research underscores the importance of creating a culture of cybersecurity and the need to deploy organization-wide security awareness and training. These findings reinforce the importance of our award-winning Security Awareness and Training service for enterprises, including the free educational version available at no cost to primary and secondary schools around the world, and its role in strengthening cyber resilience.”

Fortinet Report Finds Nearly 70% of Organizations Say Their Employees Lack Fundamental Security Awareness

Fortinet (FTNT) reachead $82.07 at the closing of the latest trading day, reflecting a +1.23% change compared to its last close.

Fortinet (FTNT) Advances While Market Declines: Some Information for Investors

Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Fortinet (FTNT) is a Great Momentum Stock to Buy

GitLab

NVIDIA

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Fortinet.

Top Wall Street analysts like these stocks for their growth prospects

Solid financials, promising prospects have Big Money buying up shares of cybersecurity firm Fortinet, Inc. (FTNT).

Fortinet Securing Big Money Interest

Phishing scams aimed at voters, malicious domain registrations impersonating candidates, and other threat activity designed to exploit unassuming victims take center stage as the U.S. election approaches Phishing scams aimed at voters, malicious domain registrations impersonating candidates, and other threat activity designed to exploit unassuming victims take center stage as the U.S. election approaches

Fortinet FortiGuard Labs Observes Darknet Activity Targeting the 2024 United States Presidential Election

Fortinet has achieved a 34.5% return since my last recommendation, and I believe it can continue to offer good returns due to its strong fundamentals. Despite cyclical hardware sales, Fortinet's ecosystem effect and cross-selling opportunities make it a compelling investment, with services showing consistent growth. Fortinet's profitability is unmatched in the industry, with minimal stock-based compensation dilution and strategic share repurchases enhancing shareholder value.

Fortinet: Leading Profitability In The Cybersecurity Industry

Fortinet's share price rebounded to near all-time highs after Q2 earnings, driven by easing hardware demand headwinds and improving margins. Despite potential short-term service revenue headwinds, Fortinet's SASE and SecOps solutions position it for long-term growth. While Fortinet's valuation may appear high, the company's strong competitive position and high margins justify this.

Fortinet: On The Road To Recovery (Rating Upgrade)

Duolingo

PulteGroup

Listen to too much financial news media and you might think the stock market was struggling this year. The unfortunate reality of most investing news is that a bearish narrative drives more views and clicks, benefiting the publishers but not the investors.

S&P 500 Major Bull Pattern: 3 Stocks Breaking Out Now

Fortinet named a Leader in the 2024 Gartner Magic Quadrant for SD-WAN for the fifth year in a row Fortinet named a Leader in the 2024 Gartner Magic Quadrant for SD-WAN for the fifth year in a row

Fortinet is the Only Leader Positioned as Highest in Ability to Execute for the Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for SD-WAN

News for Fortinet Stock (FTNT)