Revenue segments as reported by the company.

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Service

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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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Gain on intellectual property matter

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Year over year growth in Revenue and Operating Expenses.

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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

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

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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.

Multi-Faceted Approach Accelerates Fortinet's Global Commitment to Eliminate the Cybersecurity Skills Gap Multi-Faceted Approach Accelerates Fortinet's Global Commitment to Eliminate the Cybersecurity Skills Gap

Fortinet Expands its Services and Training Offerings to Further Support SOC Teams in Preventing and Defending Against Cyber Threats

CrowdStrike

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One of these cybersecurity stocks is a lot cheaper than the others.

Why CrowdStrike, Zscaler, and Fortinet Stocks Keep Going Up

Is now the time to buy cybersecurity stocks?

Why CrowdStrike, Zscaler, and Fortinet Stocks All Popped Today

Palo Alto Networks

Peak cybersecurity demand has passed and investors need to get selective about their stock picks in the sector, as it remains to be seen whether a slowdown in spending is because businesses are gun-shy with a possible recession looming or if they just loaded up early on new services.

Cybersecurity demand is already past peak, so it's time to get selective, Morgan Stanley says

There's a silver lining for tech stocks in today's price target cuts.

Why CrowdStrike, Palo Alto Networks, and Fortinet Stocks Slumped on Thursday Morning

Fortinet addressed a couple of security concerns for some of its software, and cyber threats are set to increase dramatically moving forward.

Fortinet Stock Price Bumpy, Here Is Why

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Evercore strategists screened for the beaten-down stocks that could be winners this year.

5 Beaten-Down Stocks That Can Outperform This Year

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Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.

U.S. Wide-Moat Stocks On Sale: The January 2023 Heat Map

One of these cybersecurity stocks is not like the others.

Why Fortinet, Palo Alto Networks, and Zscaler Stocks Slumped on Jan. 5, 2023

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After a brutal 2022, there are many long-term deals to be bought.

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The market is approaching the company's next earnings release with trepidation.

Why Fortinet Investors Weren't Fortunate Today

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.

Why Fortinet (FTNT) is Poised to Beat Earnings Estimates Again

SUNNYVALE, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its fourth quarter 2022 financial results on Tuesday, February 7, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce Fourth Quarter 2022 Financial Results

QUALCOMM

When looking at stocks from the beat up tech sector heading into 2023, companies with improving fundamentals and attractive valuations are the best bet.

These 3 Tech Stocks Are in for a Happier New Year

Although the company's financials have been improving year over year, the stock has lost almost 28% of its value YTD. The combined security processors and FortiOS from Fortinet consistently score among the top products in their respective categories.

What Makes Fortinet A Good Investment

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In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022.

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Fortinet Inc. ( FTNT , Financial) has delivered outstanding annual returns over the past decade. Its shareholders earned returns of 31.15% over the past three years, 40.69% over the past five years and 27.76% over the preceding 10 years.

Will Fortinet's Big Returns Come Back?

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Cybersecurity stocks could get a boost from industry consolidation in 2023 as companies race to build broad platform offerings. The post Cybersecurity Stocks: Why Acquisitions Could Pick Up In 2023 appeared first on Investor's Business Daily.

Cybersecurity Stocks: Why Acquisitions Could Pick Up In 2023

Fortinet's Wired and Wireless LAN Portfolio Converges Networking and Security to Help Customers Embrace Digital Acceleration and Reduce Cyber Risks Fortinet's Wired and Wireless LAN Portfolio Converges Networking and Security to Help Customers Embrace Digital Acceleration and Reduce Cyber Risks

Fortinet Named a Visionary in the 2022 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure for Third Consecutive Year

Fortinet (FTNT) is one stock investors may consider adding to their portfolio amid the current highly volatile stock market scenario and gain from its upside potential.

Why Fortinet (FTNT) May be a Good Bet Amid Market Uncertainties

FortiGate Next-Generation Firewalls deliver the industry's best ROI, provide AI/ML-powered threat protection, and support the convergence of networking and security FortiGate Next-Generation Firewalls deliver the industry's best ROI, provide AI/ML-powered threat protection, and support the convergence of networking and security

Fortinet Named a Leader in the 2022 Gartner® Magic Quadrant™ for Network Firewalls, Placed Highest in Ability to Execute

News for Fortinet Stock (FTNT)