Revenue segments as reported by the company.

Product

Service

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Sales and marketing

General and administrative

Gain on intellectual property matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Market Cap

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

Revenue Multiple

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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Halliburton

JinkoSolar Holding

Zscaler

While analysts are widely slashing earnings estimates for 2023, JinkoSolar Holding Co., Ltd. (NYSE: JKS), Halliburton Co. (NYSE: HAL), and Zscaler Inc. (NASDAQ: ZS) are among an elite group: Companies that have seen recent increases in earnings forecasts.

Wall Street Says These 3 Stocks Will Grow Earnings In 2023

Akamai Technologies

CrowdStrike

Gen Digital Inc

Palo Alto Networks

SentinelOne

With the post-State of the Union address market presenting jitters, contrarian investors enjoy potential discounted opportunities, particularly among cybersecurity stocks to buy. While the benchmark First Trust NASDAQ Cybersecurity ETF (NASDAQ: CIBR ) may have gained roughly 9% in the new year, it declined half-a-percent in the trailing five sessions.

7 Cybersecurity Stocks to Buy to Protect Your Portfolio

The cybersecurity specialist was the sector's best price performer in the session, with SolarEdge Technologies Inc. (NASDAQ: SEDG), First Solar Inc. (NASDAQ: FSLR), CDW Corp. (NASDAQ: CDW), and Arista Networks Inc. (NYSE: ANET) also among biggest gainers.

Fortinet Gaps Up, Lifts Optimism About Other Cybersecurity Stocks

Fortinet Inc (NASDAQ:FTNT) is surging, last seen up 10.6% to trade at $59.53, after the company reported better-than-expected fourth-quarter profits of 44 cents per share.

Fortinet Stock Proves Why It's Among Best of February

Investors liked what they saw in Fortinet's most recent quarterly report.

Why Fortinet Stock Is Surging Today

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Fortinet's Earnings Rally is a Lesson in Market Expectations

The Cybercrime Atlas initiative brings together global leaders to fight cyberthreats and map the cybercrime landscape, covering criminal operations, structures and networks The Cybercrime Atlas initiative brings together global leaders to fight cyberthreats and map the cybercrime landscape, covering criminal operations, structures and networks

Fortinet Helps Launch The Cybercrime Atlas Initiative, Enabling Businesses, Law Enforcement Agencies, and Threat Intelligence Researchers to Disrupt Cybercrime at a Global Scale

Enphase Energy

Investors got newfound optimism about these companies, whose shares had seen some recent declines.

These 2 Nasdaq Growth Stocks Are Back in High Gear

The strong demand for Core and Enhanced Platform Technologies aids Fortinet's (FTNT) Q4 top line, while an improved supply chain, positive pricing actions and discounting policies in the Product segment drive earnings higher.

Fortinet (FTNT) Soars 13% on Q4 Earnings Beat, Strong Guidance

While the top- and bottom-line numbers for Fortinet (FTNT) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fortinet (FTNT) Reports Q4 Earnings: What Key Metrics Have to Say

Fortinet, Inc. (NASDAQ:FTNT ) Q4 2022 Earnings Conference Call February 7, 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 - JPMorgan Fatima Boolani - Citi Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Brad Zelnick - Deutsche Bank Shaul Eyal - Cowen Adam Borg - Stifel Tal Liani - Bank of America Ittai Kidron - Oppenheimer Andrew Nowinski - Wells Fargo Raymond McDonough - Guggenheim Partners Adam Tindle - Raymond James Ben Bollin - Cleveland Research Operator Thank you for standing by, and welcome to the Fortinet Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Fortinet, Inc. (FTNT) Q4 2022 Earnings Call Transcript

Fortinet (FTNT) delivered earnings and revenue surprises of 12.82% and 0.75%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Fortinet (FTNT) Surpasses Q4 Earnings Estimates

Fortinet Inc. shares rallied in the extended session Tuesday after the cybersecurity company's earnings topped Wall Street estimates, and its outlook forecast a slightly better-than-expected year.

Fortinet shares surge more than 15% after earnings, outlook beats

Fortinet stock surged after the cybersecurity firm's 2023 revenue and billings guidance for FTNT stock beat expectations. The post Fortinet Earnings Top Estimates, Cybersecurity Stock Jumps On Strong Guidance appeared first on Investor's Business Daily.

Fortinet Earnings Top Estimates, Cybersecurity Stock Jumps On Strong Guidance

Fortinet Reports Fourth Quarter and Full Year 2022 Financial Results

Adobe

Confluent

Datadog

Kyndryl Holdings

Cloudflare

ServiceNow

Okta

Upwork Inc

The tide could be turning for the beaten-down technology sector, which makes these top tech stocks worth a closer look.

The 9 Best Tech Stocks to Buy Now

Global X Cybersecurity ETF

Palantir Technologies

There is no better time than now to invest in some of the best cybersecurity stocks. We're all increasingly vulnerable to cyberattacks – from small businesses to large corporations, schools, hospitals, and even the U.S. government.

The 7 Best Cybersecurity Stocks to Buy for February 2023

Amazon

BlackLine

Salesforce

Alphabet

GitLab

HashiCorp

MongoDB

monday.com

Microsoft

Oracle

PagerDuty

Snowflake

Team

Workday

Best-of-breed cloud stocks to buy that can add rocket fuel to your long-term investing portfolio.

Top Stocks to Buy: Cloud Computing Breakdown

Lumen Technologies

Shortly after Monday's opening bell, the Dow Jones industrials traded 0.50% lower, the S&P 500 was down 0.61%, and the Nasdaq traded down 0.58%.

Earnings Previews: Enphase Energy, Fortinet, Lumen

Fifth-generation security processing unit (FortiSP5) delivers unparalleled levels of power-efficient performance to open new frontiers for securing the branch, campus, 5G, edge compute, operational technologies, and more Fifth-generation security processing unit (FortiSP5) delivers unparalleled levels of power-efficient performance to open new frontiers for securing the branch, campus, 5G, edge compute, operational technologies, and more

Fortinet Unveils New ASIC to Accelerate the Convergence of Networking and Security Across Every Network Edge

Microsoft is far and away the leader in cybersecurity, but are other stocks in the sector compelling at this juncture?

2 Cybersecurity Stocks to Buy in 2023 Besides Microsoft

Investing in undervalued cybersecurity stocks may be a smart move for investors looking to capitalize on growing demand for cybersecurity solutions. With the increasing threat of cyber attacks, businesses and individuals alike are looking to obtain reliable and secure solutions to protect their data and systems.

The 3 Most Undervalued Cybersecurity Stocks to Buy in February 2023

Fortinet (FTNT) doesn't possess 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: Should You Buy?

We evaluate the cybersecurity industry and its market leaders such as PANW, FTNT, ZS, NET, S, and CRWD, by considering the private market dynamics. We discuss VCs and startups, PEs and legacy software names, and public cybersecurity giants and their M&A opportunities.

Cybersecurity Review 2023: Our Top Picks Palo Alto Networks And Fortinet

One of these tech stocks is not -- entirely -- like the others.

News for Fortinet Stock (FTNT)