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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.

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John Maddison, EVP of Products and CMO at Fortinet "Fortinet is committed to keeping organizations secure through our industry-leading technology and award-winning training and certifications curriculum. Designed by the Fortinet Training Institute, today we're introducing the new Security Awareness and Training service, offering any organization the ability to further protect their critical digital assets from cyber threats by building employee cybersecurity awareness. This service uniquely is informed by Fortinet's FortiGuard Labs threat intelligence so that employees are learning and keeping up with the latest evolving cyberattack methods.”

Fortinet Launches New Security Awareness and Training Service to Enhance Workforce Cyber Awareness and Mitigate Threats

Fortinet (FTNT) releases the latest upgrade, FortiOS 7.2, to its operating system, featuring converged networking and security solutions across the company's entire portfolio.

Fortinet (FTNT) Upgrades Its Core OS With FortiOS 7.2 Launch

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New features converge networking and security to further unify SD-WAN, ZTNA, SWG, NGFW, and more, enabling consistent, coordinated security across any network edge at-scale New features converge networking and security to further unify SD-WAN, ZTNA, SWG, NGFW, and more, enabling consistent, coordinated security across any network edge at-scale

Fortinet Leads the Evolution of Converged Networking and Security with New FortiOS Innovations

SUNNYVALE, Calif., March 30, 2022 (GLOBE NEWSWIRE) -- John Maddison, EVP of Products and CMO at Fortinet “Fortinet's continued leadership demonstrates strong adoption of our innovative technology solutions and overall fast growth. FortiOS is the foundation for our appliances, delivering built-in network and security convergence, dynamic network segmentation, automation, and natively integrated Zero Trust Network Access and SD-WAN capabilities. Our purpose-built Security Processing Units, or ASICs radically increase the performance, scale, and efficiency of Fortinet appliances while improving the user experience for applications across today's hybrid networks.”

Fortinet Leads in Security Appliance Shipments for 9 Consecutive Years, According to Leading Analyst Firm

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Fortinet Inc   (NASDAQ: FTNT ) is down 1.7% to trade at $330.02 at last check, after the stock received a downgrade from Bank of America Securities to “neutral” from “buy.

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Hackers on both sides of the Russia-Ukraine war are highlighting the need for enhanced cybersecurity all across society. The post War in Ukraine Spotlights This Growing and Critical Industry appeared first on InvestorPlace.

War in Ukraine Spotlights This Growing and Critical Industry

Spectrotel's Secure SD-WAN Recognized for Exceptional Innovation NEPTUNE, N.J., March 24, 2022 /PRNewswire/ -- Spectrotel, Inc., a next-generation aggregator and leading integrated communication services provider, today announced its Secure SD-WAN service with gateways, powered by Fortinet ® (NASDAQ: FTNT), a Gartner Magic Quadrant and global leader, has been awarded a 2022 INTERNET TELEPHONY SD-WAN Product of the Year Award by TMC, a global, integrated media company.

Spectrotel Awarded A 2022 INTERNET TELEPHONY SD-WAN Product Of The Year Award

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Fortinet, Inc. (FTNT) CEO Ken Xie Presents at Morgan Stanley Technology, Media and Telecom Conference 2022 (Transcript)

PARIS & SUNNYVALE, Calif.--(BUSINESS WIRE)--Orange Business Services, a global network-native digital services company, and Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, are partnering to deliver a disruptive approach to Secure Access Service Edge (SASE) by integrating Fortinet's Security-driven Networking technologies into the Orange telco cloud infrastructure. This reinforces security and networking convergence, while optimizing perform

Orange Business Services and Fortinet Partner on SASE to Create a Secure, Seamless and Scalable Cloud-native Network, Delivering Improved User Experience

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SUNNYVALE, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet “Like many around the world, we are watching what's happening in Ukraine with great concern and as a result are compelled to take action. We regret the impact this will have on our employees, partners, and customers who are adversely impacted by the actions of the Russian government.”

Fortinet Announces It Has Suspended Operations in Russia

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News for Fortinet Stock (FTNT)