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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.

On November 7, Fortinet reported third-quarter revenue of $1.51 billion, up 13%, topping the consensus estimate of $1.48 billion. Product revenue was up 1.7% to $473.9 million.

Fortinet Targets 45% Growth-Margin Combo, $450 Million Refresh Boost: Analysts See Big Upside

Fortinet, Inc. (NASDAQ:FTNT ) Needham Security, Networking, & Communications Conference November 19, 2024 9:30 AM ET Company Participants Keith Jensen - CFO John Whittle - COO Christiane Ohlgart - Chief Accounting Officer Conference Call Participants Matt Dezort - Needham Matt Dezort Good morning. And welcome, everyone, to Needham Tech Week.

Fortinet, Inc. (FTNT) Needham Security, Networking, & Communications Conference (Transcript)

At least a dozen Wall Street analysts hiked their price targets on Fortinet stock in the wake of the cybersecurity firm's investor day, where it provided new financial targets. The post Fortinet Lays Out Medium Term Financial Targets, Expects Firewall Rebound appeared first on Investor's Business Daily.

Fortinet Lays Out Medium Term Financial Targets, Expects Firewall Rebound

Fortinet Stock Analysis: Buy, Sell, or Hold?

Datadog

Cybersecurity is a big business and is getting bigger every day. Attacks are growing at an alarming double-digit pace and will accelerate in 2024.

2 Cybersecurity Stocks to Buy and Hold for 2025

Investors have seen this cybersecurity stock deliver outstanding earnings growth in recent quarters.

This Supercharged Stock Has Jumped 70% Since August, but Can It Sustain Its Magnificent Rally?

Newly acquired 10-story building will be transformed into newest Innovation Hub from Fortinet, including FortiCloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to drive impactful customer experiences in the Atlanta region Newly acquired 10-story building will be transformed into newest Innovation Hub from Fortinet, including FortiCloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to drive impactful customer experiences in the Atlanta region

Fortinet Expands Global Presence with New Company-Owned Innovation Hub in Atlanta

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

What Makes Fortinet (FTNT) a Strong Momentum Stock: Buy Now?

Fortinet's stock dipped post-earnings due to reduced guidance but rebounded as it beat revenue and EPS consensus, showing resilience and investor confidence. I maintain a buy rating on FTNT, driven by AI-driven SecOps, product revenue rebound, and easing macro headwinds, and I expect continued high double-digit growth into 2025. I herein share my positive sentiment on Fortinet stock and why I see green shoots into 2025.

The Underdog Breaks Through: Maintaining Fortinet With A Buy

Fortinet (FTNT) possesses solid growth attributes, which could help it handily outperform the market.

Fortinet (FTNT) is an Incredible Growth Stock: 3 Reasons Why

FTNT's record margins, 13% revenue growth and AI innovation make it a compelling buy. Solid SASE momentum & expanding security portfolio position it for sustained growth.

Fortinet Surges 18.5% Since Q3 Results: Time to Buy the Stock?

Payoneer Global

Toast

TOST, FTNT and PAYO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 13, 2024.

Best Momentum Stocks to Buy for November 13th

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Fortinet (FTNT) is a Top-Ranked Growth Stock: Should You Buy?

Fortinet (FTNT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Fortinet, Inc. (FTNT) Hits Fresh High: Is There Still Room to Run?

Review Fortinet's (FTNT) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

Don't Overlook Fortinet (FTNT) International Revenue Trends While Assessing the Stock

SUNNYVALE, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet “As we celebrate the 15th year anniversary of our IPO, we reflect on the leading role Fortinet has played in shaping the continued evolution of cybersecurity. Innovation has been in our DNA since our inception more than 20 years ago, and with our customers at the center of everything we do, we've built a world-class team, developed an industry-leading portfolio of integrated solutions, and forged meaningful partnerships to strengthen global cyber resilience. Looking ahead, we remain committed to driving innovation, fostering trust, and delivering lasting value for our customers, partners, and shareholders.”

Fortinet to Host Analyst Day on its 15-Year IPO Anniversary

Arista Networks

Keeping in mind that a lower inflationary environment can be very favorable for tech companies, Arista Networks (ANET) and Fortinet (FTNT) are two stocks to keep an eye on after their strong Q3 results on Thursday.

2 Intriguing Tech Stocks to Buy After Q3 Earnings: ANET, FTNT

FTNT's third-quarter results reflect strength in demand from large enterprise customers and growth in the company's security subscriptions.

Fortinet Q3 Earnings Surpass Estimates, Sales Increase Y/Y

Fortinet, Inc. (NASDAQ:FTNT ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Aaron Ovadia - Director of Investor Relations Ken Xie - Founder, Chairman & Chief Executive Officer Keith Jensen - Chief Financial Officer Christian Agard - Sales Operations Leader John Whittle - Chief Operating Officer Conference Call Participants Hamza Fodderwala - Morgan Stanley Brian Essex - JPMorgan Fatima Boolani - Citi Saket Kalia - Barclays Gabriela Borges - Goldman Sachs Shaul Eyal - TD Cowen Rob Owens - Piper Sandler Catharine Trebnick - Rosenblatt Adam Borg - Stifel Joseph Gallo - Jefferies Keith Bachman - BMO Capital Markets Gray Powell - BTIG Operator Good day and thank you for standing by. Welcome to the Fortinet Q3 2024 Earnings Conference Call.

Fortinet, Inc. (FTNT) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Fortinet (FTNT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fortinet (FTNT) Reports Q3 Earnings: What Key Metrics Have to Say

Fortinet (FTNT) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.41 per share a year ago.

Fortinet (FTNT) Surpasses Q3 Earnings and Revenue Estimates

Cybersecurity firm Fortinet's fourth-quarter revenue forecast failed to impress investors on Thursday, sending its shares down over 8% in extended trading.

Fortinet's quarterly revenue forecast disappoints, shares fall

Cybersecurity firm Fortinet reported Q3 earnings and revenue that topped Wall Street analyst estimates while billings guidance came in below expectations. The post Cybersecurity Firm Fortinet Earnings Top Wall Street Targets.

Cybersecurity Firm Fortinet Earnings Top Wall Street Targets. Billings Guidance Light.

Highlights Total revenue up 13% year over year; service revenue up 19% year over year Billings 1 and product revenue returns to growth Strong billings growth in Unified SASE and Security Operations Record GAAP operating margin of 31.2% Record Non-GAAP operating margin of 36.1% 1 Cash flow from operations of $608 million; Free cash flow of $572 million 1 Raising 2024 revenue and non-GAAP operating margin guidance Share repurchase authorization increased by $1 billion; remaining authorization of $2 billion SUNNYVALE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the third quarter ended September 30, 2024.

Fortinet Reports Third Quarter 2024 Financial Results

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.

News for Fortinet Stock (FTNT)