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.

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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.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Wall Street Analysts Think Fortinet (FTNT) Is a Good Investment: Is It?

Almost half of respondents reported significant challenges related to a lack of integration between zero-trust solutions deployed on-premises and in the cloud Almost half of respondents reported significant challenges related to a lack of integration between zero-trust solutions deployed on-premises and in the cloud

Fortinet Global Zero Trust Report Finds Majority of Organizations are Actively Implementing Zero Trust But Many Still Face Integration Challenges

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Fortinet has built a unique security business that is exposed to secular growth themes, like SASE and OT security. The pandemic caused a surge in demand for security hardware and Fortinet is still working its way through a backlog of orders. A normalization of demand, along with a deteriorating macro environment, is likely to create significant headwinds over the next 1-2 years.

Fortinet: Long-Term Winner With Concerning Near-Term Outlook

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Fortinet's Q1 FY 2023 earnings report showed solid revenue growth and improved margins, with the stock still undervalued even under conservative assumptions. The company's updated valuation analysis indicates a potential upside of about 40%, with long-term financial success adding conviction to its prospects. Risks include a challenging macro-environment and the rapid penetration of artificial intelligence, but the cybersecurity industry remains a safe harbor for investors during uncertain times.

Fortinet Looks Undervalued Even Under Conservative Assumptions

Simpler Procurement and Usage-Based Licensing for Security Across Cloud, Hybrid Cloud, and On-Premises Deployments Empowers Customers to More Easily Access the Solutions They Need Simpler Procurement and Usage-Based Licensing for Security Across Cloud, Hybrid Cloud, and On-Premises Deployments Empowers Customers to More Easily Access the Solutions They Need

Fortinet Deepens Its Dedication to Flexible Licensing with Expansion of FortiFlex Program

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Fortinet's custom chips and OS could give it an edge against its peers. Palo Alto locks in its customers with a mix of older and newer services.

3 Top Cybersecurity Stocks to Buy in June

Fortinet believes the convergence of the cybersecurity, networking, and hybrid cloud markets will drive its long-term growth. It develops its own chips, which are customized for its own hardware and OS.

3 Things About Fortinet That Smart Investors Know

Fortinet Inc (NASDAQ:FTNT) stock is up 2.4% at $68.66 at last check, moving back toward its recent June 5, 52-week high of $71.63.

Layers of Support in Place for Fortinet Stock

Fortinet Secure Networking Solutions Enable Seamless Transition from Managed SD-WAN to SASE, ZTNA, and SD-Branch Services, Creating New Revenue Streams for MSSPs Fortinet Secure Networking Solutions Enable Seamless Transition from Managed SD-WAN to SASE, ZTNA, and SD-Branch Services, Creating New Revenue Streams for MSSPs

Fortinet Expands Global Secure SD-WAN and SASE Presence with New MSSP Partnerships

Fortinet, Inc. (NASDAQ:FTNT ) Bank of America 2023 Global Technology Conference June 6, 2023 1:00 PM ET Company Participants Keith Jensen - Chief Financial Officer John Maddison - Chief Marketing Officer and Executive Vice President, Products Conference Call Participants Tal Liani - Bank of America Merrill Lynch Tal Liani [Starts Abruptly] Snowflakes that things are slowing down. We've seen Sentinel, we've seen CrowdStrike that had some negative comments.

Fortinet, Inc. (FTNT) Bank of America 2023 Global Technology Conference (Transcript)

New research underscores importance of effective cyber awareness training for employees to decrease cyber risks, with more than 50% of leaders indicating their employees lack proper knowledge New research underscores importance of effective cyber awareness training for employees to decrease cyber risks, with more than 50% of leaders indicating their employees lack proper knowledge

Fortinet Research Finds Over 80% of Organizations Experience Cyberattacks that Target Employees

For years, the cybersecurity sector has been closely monitored by growth investors, given its increasing importance in the global economy. When Russia invaded Ukraine in February of last year, the cybersecurity sector made headlines as it was revealed that Russia attacked Ukraine's key digital infrastructure weeks before the invasion.

Fortinet Enjoys More Upside Potential

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Cybersecurity continues to be one of the fastest-growing market sectors. According to Fortune Business Insights, the global cybersecurity market should grow at a compound annual growth rate (CAGR) of 13.8% between now and 2030.

3 Cybersecurity Stocks to Buy (and Never Sell)

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While it certainly seems like technology is the big winner this year, in truth just 10 stocks have driven 95% of the gains in the venerable S&P 500.

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Microsoft

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Hackers are expected to use generative AI in phishing attacks or to create malware. Cybersecurity firms need big data to fight back.

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95% of Organizations Expect OT Cybersecurity Responsibility to Shift from Directors and Managers to CISOs in the Next 12 Months 95% of Organizations Expect OT Cybersecurity Responsibility to Shift from Directors and Managers to CISOs in the Next 12 Months

Fortinet Global Report Finds 75% of OT Organizations Experienced at Least One Intrusion in the Last Year

Fortinet, Inc. (NASDAQ:FTNT ) 51st Annual JPMorgan Global Technology, Media and Communications Conference Call May 23, 2023 10:10 AM ET Company Participants Keith Jensen - CFO & CAO Ken Xie - Founder, Chairman & CEO Conference Call Participants Brian Essex - JPMorgan Chase & Co. Brian Essex All right. Good morning, everyone.

Fortinet, Inc. (FTNT) 51st Annual JPMorgan Global Technology, Media and Communications Conference Call Transcript

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Here's Why Fortinet (FTNT) is a Strong Momentum Stock

Growth stock Fortinet broke out after strong earnings. Analysts upgraded the AI play in cybersecurity on strong execution The post Fortinet, A Cybersecurity And AI Leader, Breaks Out; Analysts Bullish On Outlook appeared first on Investor's Business Daily.

Fortinet, A Cybersecurity And AI Leader, Breaks Out; Analysts Bullish On Outlook

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News for Fortinet Stock (FTNT)