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.

Outstanding Shares

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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.

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LITTLE ROCK, Ark.--(BUSINESS WIRE)--Windstream Enterprise, a leading IT managed network, security and communications provider, today announced it is now offering Fortinet-based LAN Services as part of its managed service portfolio. This collaboration gives Windstream Enterprise customers new access to seamless network integration, optimized network performance and simpler management — all from a single solution stack. With LAN Services from Windstream Enterprise, customers can get Secure Cloud.

Windstream Enterprise Launches LAN Services with Fortinet Technology for Enhanced Security, Business Intelligence and End-User Experiences

Fortinet got off to a solid start in 2023 and Q1 results suggest its impressive momentum is here to stay. It has built a solid revenue pipeline that should help it sustain healthy top- and bottom-line growth.

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Fortinet, Inc.'s Application-Specific Integrated Circuit, or ASIC, chips provide a powerful competitive edge, supercharging security processing capabilities and creating cost efficiencies. Fortinet's strategic use of ASIC SPUs has helped it navigate supply chain constraints and constantly deliver industry-leading performance.

Fortinet's ASIC Advantage Grinds Down Naysayers

Fortinet's first-quarter earnings were exceptionally good, and led to an upgrade to full-year guidance. The company remains on track to grow revenue at least 20% and generate adjusted operating margin of at least 25% over the next three years.

This 1 Overlooked Cybersecurity Stock Continues to Execute on Its Highly Profitable Growth Opportunities

PHILADELPHIA--(BUSINESS WIRE)--Comcast Business, Fortinet® (NASDAQ: FTNT), and Exclusive Networks today announced the companies have teamed up to deliver a new distribution sales route and managed SD-WAN services for value-added resellers (VARs) and managed service providers (MSPs). The collaboration expands the Masergy Guardian Portfolio™, adding additional sales routes and helping resellers offer fully managed SD-WAN and security management services in more markets. The Masergy Guardian Portf.

Comcast Business, Fortinet, and Exclusive Networks Expand Masergy Guardian Portfolio™ with New Managed SD-WAN Services Sales Route

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The strong demand for Core and Enhanced Platform Technologies aids Fortinet's (FTNT) Q1 top line, while positive pricing actions, easing supply-chain cost pressures and discounting policies in the Product segment drive earnings higher.

Fortinet (FTNT) Beats on Q1 Earnings and Revenue Estimates

Fortinet, Inc. (NASDAQ:FTNT ) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Peter Salkowski - Senior Vice President of Finance and Investor Relations Ken Xie - Founder, Chairman of the Board, and Chief Executive Officer Keith Jensen - Chief Financial Officer Conference Call Participants Brian Essex - JP Morgan Gabriela Borges - Goldman Sachs Fatima Boolani - Citibank Saket Kalia - Barclays Shaul Eyal - TD Cowen Rob Owens - Piper Sandler Adam Borg - Stifel Ittai Kidron - Oppenheimer Angie Song - Morgan Stanley Tal Liani - Bank of America Andrew Nowinski - Wells Fargo Shrenik Kothari - Baird Operator Good day and thank you for standing by. Welcome to the Fortinet's First Quarter 2023 Earnings Announcement Conference Call.

Fortinet, Inc. (FTNT) Q1 2023 Earnings Call Transcript

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

Fortinet (FTNT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Fortinet reported Q1 profit, revenue and billings that topped estimates. FTNT stock rose as the cybersecurity firm's outlook came in above views.

Fortinet Earnings, Revenue Top Estimates On Cybersecurity Resilience

First Quarter 2023 Highlights Product revenue of $500.7 million, up 35% year over year Service revenue of $761.6 million, up 30% year over year Total revenue of $1.26 billion, up 32% year over year Billings of $1.50 billion, up 30% year over year 1 Deferred revenue of $4.88 billion, up 33% year over year GAAP operating income of $273.5 million, up 81% year over year Non-GAAP operating income of $334.0 million, up 59% year over year 1 GAAP operating margin of 21.7% Non-GAAP operating margin of 26.5% 1 GAAP diluted net income per share attributable to Fortinet, Inc. of $0.31, up 82% year over year 2 Non-GAAP diluted net income per share attributable to Fortinet, Inc. of $0.34, up 79% year over year 1,2 Cash flow from operations of $677.5 million Free cash flow of $647.2 million 1 SUNNYVALE, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced financial results for the first quarter ended March 31, 2023.

Fortinet Reports First Quarter 2023 Financial Results

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Fortinet delivered stellar financial performance over the last decade, which for me suggests that the management is strong and able to capture market share growth. The company has a solid position to benefit from the trend of a significant pace of growth for the cybersecurity industry given the secular shift toward digitalization.

Fortinet: An Undervalued Cybersecurity Leader

The strong adoption of Security Fabric, cloud and SD-WAN offerings is likely to aid Fortinet's (FTNT) first-quarter 2023 results.

What's in the Offing for Fortinet (FTNT) This Earnings Season?

SOMERSET, N.J.--(BUSINESS WIRE)--SHI International, one of the world's largest IT solutions providers, announced today that it was named Fortinet's North American Partner of the Year, United States. The Fortinet Partner of the Year Awards recognize dedicated and distinguished partners and distributors around the world. Fortinet's channel partners play a critical role in helping Fortinet secure users, devices, applications, and edges everywhere. The Partner of the Year validates SHI's commitment.

SHI Wins Fortinet North American Partner of the Year Award

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Fortinet Achieves a 99.88% Security Effectiveness Score on the Industry's Only Independent, Third-Party Next-Generation Firewall Test

Organizations taking a best-of-breed, point product approach to security were more likely to be attacked by ransomware in the last year

Fortinet Survey Finds 78% of Organizations Felt Prepared for Ransomware Attacks, Yet Half Still Fell Victim

Cybersecurity stock Fortinet just broke out from a handle entry but earnings are due May 4. The post Cybersecurity Stock: Earnings Growth Accelerates As Shares Take Out Buy Point appeared first on Investor's Business Daily.

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JCDC will benefit from Fortinet's in-depth cybersecurity expertise and industry-leading threat intelligence from FortiGuard Labs JCDC will benefit from Fortinet's in-depth cybersecurity expertise and industry-leading threat intelligence from FortiGuard Labs

News for Fortinet Stock (FTNT)