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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.

This isn't the trendiest cybersecurity stock, but it's one of the best investments within the industry.

Up Over 90% So Far in 2021, Is Fortinet Stock Still a Buy After Q2 Earnings?

Fortinet's (FTNT) second-quarter 2021 results reflect gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

Fortinet (FTNT) Beats on Q2 Earnings & Revenues, Raises '21 Guidance

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Fortinet Inc.'s (FTNT) CEO Ken Xie on Q2 2021 Results - Earnings Call Transcript

Fortinet (FTNT) delivered earnings and revenue surprises of 10.47% and 8.00%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Fortinet (FTNT) Beats Q2 Earnings and Revenue Estimates

Fortinet Reports Second Quarter 2021 Financial Results

FortiGate 3500F Offers Unparalleled Performance with Highest Security Compute Rating of 6x Performance Over the Industry Average and Protection Against the Growing Threat Landscape FortiGate 3500F Offers Unparalleled Performance with Highest Security Compute Rating of 6x Performance Over the Industry Average and Protection Against the Growing Threat Landscape

Fortinet Unveils the Industry's First High Performance Next-Generation Firewall with Integrated Zero Trust Network Access and Ransomware Protection to Secure Hybrid Data Centers

FortiTrust Introduces New User-based Security Services Across All Form Factors – Endpoints, Networks and the Cloud FortiTrust Introduces New User-based Security Services Across All Form Factors – Endpoints, Networks and the Cloud

Fortinet Expands Security Services Offerings to Protect Digital Infrastructures

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Fortinet (FTNT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Fortinet (FTNT) Ahead of Earnings?

Fortinet (FTNT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Fortinet (FTNT) Hits Fresh High: Is There Still Room to Run?

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 the Earnings Surprise Streak Could Continue for Fortinet (FTNT)

Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Fortinet (FTNT) is a Great Momentum Stock: Should You Buy?

SUNNYVALE, Calif., July 20, 2021 (GLOBE NEWSWIRE) -- John Maddison, EVP of Products and CMO at Fortinet “We're proud to be named a Google Cloud Technology Partner of the Year for Security. This award recognizes our outstanding success in 2020, using a winning combination of Google Cloud technologies with Fortinet's industry-leading Security Fabric offerings to deliver innovative cloud security and customer satisfaction. Winning this award is an exciting testament to a longstanding partnership with Google Cloud. We're looking forward to continuing to work together to provide mutual customers with advanced cloud security.”

Fortinet Wins Google Cloud Technology Partner of the Year Award for Security

Datadog

ServiceNow

Rapid7

Mizuho analyst Gregg Moskowitz raised the price target on Datadog Inc (NASDAQ: DDOG) to $115 from $96, implying an 11.13% upside, and maintained a Buy rating. He raised the price target on Fortinet Inc (NASDAQ: FTNT) to $250 from $208, signifying a 2.46% downside, and affirmed a Neutral rating.

Mizuho Raises Price Target On Datadog, Fortinet, Rapid7, ServiceNow Betting On Economic Recovery, Cybersecurity Checks

SUNNYVALE, Calif. , July 02, 2021 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its second quarter 2021 financial results on Thursday, July 29 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce Second Quarter 2021 Financial Results

Within the last quarter, Fortinet (NASDAQ:FTNT) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 1 1 Somewhat Bullish 0 0 3 1 Indifferent 0 0 3 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 20 analysts offering 12-month price targets in the last 3 months for Fortinet evaluate the company at an average price target of $207.1 with a high of $240.00 and a low of $170.00.

What 20 Analyst Ratings Have To Say About Fortinet

Investors are looking ahead to the release of data on home prices for April.

Morgan Stanley Rises, Fortinet Drops, and the Stock Market Is Going Nowhere

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As of Friday, GuruFocus' “High Quality, Low CapEx” model portfolio has returned approximately 15.69% in the year to date, outperforming the Standard & Poor's 500 index benchmark's return of approximately 12.93%. The top-performing five stocks in the portfolio are Fortinet Inc. ( FTNT , Financial), Nvidia Corp. ( NVDA , Financial), Alphabet Inc. ( GOOGL , Financial)( GOOG , Financial), Bio-Techne Corp. ( TECH , Financial) and Old Dominion Freight Line Inc. ( ODFL , Financial).

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Fortinet stock is undervalued about 50% compared to peers. Cybersecurity industry enjoys significant tailwinds.

Fortinet: Strong Buy Rating For This Undervalued Growth Stock

Fortinet's shares have been a very strong performer these past 6 months, yet I argue that it's still not fully priced.

Fortinet: Still Surprisingly Cheap

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Zscaler

Our theme of Cyber Security Stocks remains down by about 1% year-to-date, significantly underperforming the S&P 500 which has gained about 13% over the same period. However, the theme has picked up a bit since our last update in mid-May, when it was down by 6%.The underperformance versus the.

Cyber Security Stocks To Watch After Colonial Pipeline And JBS Hacks

Fortinet's List of Global SPs and MSSPs Expands with CommandLink, DNA, Syringa Networks and TIM to Deliver Enhanced SD-WAN Offerings Fortinet's List of Global SPs and MSSPs Expands with CommandLink, DNA, Syringa Networks and TIM to Deliver Enhanced SD-WAN Offerings

Global Service Providers Partner with Fortinet to Offer Managed Services Powered by Industry-Leading Secure SD-WAN

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When it comes to cyberattacks, we're sitting ducks. Plus, with more attacks likely, here are some of the top stocks and ETFs to watch.

News for Fortinet Stock (FTNT)