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.

Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?

Fortinet (FTNT) Up 9.9% Since Last Earnings Report: Can It Continue?

Amazon

Arista Networks

Netflix

NVIDIA

Veeva Systems

How fast are earnings growing on a growth stock? How big a premium do you have to pay to get that stock?

12 Fast And Steady Earnings Growth Stocks For September

The solid growth in Fortinet's revenue and margins last quarter has sparked a tremendous rally in the stock. The company is pulling the right strings as it has managed to increase its margins and is building a robust revenue pipeline.

This Tech Stock Has Gone Parabolic, and You Should Consider Buying It Before It Soars Even Higher

Arch Capital

Axon Enterprise

Clorox

CrowdStrike

Kellogg

Kenvue

Eli Lilly

Progressive

Starbucks

Kellanova led the list after accepting a takeout offer from Mars, while Starbucks might have been the month's biggest positive surprise.

Here are the S&P 500's best-performing stocks in August

Fortinet (FTNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Fortinet (FTNT) Rating Upgrade to Buy

FTNT's cutting-edge cybersecurity solutions, including next-gen firewalls and AI capabilities, make the stock worth buying despite fierce competition.

Fortinet Stock Up 30.3% YTD: Can Cybersecurity Boom Fuel More Growth?

Cybersecurity stock Fortinet Inc. FTNT has been on a bullish tear, with the stock up 31.48% year-to-date, 29.42% over the past year, and an impressive 32.37% in the last month alone. The cybersecurity powerhouse continues to flex its muscles, outperforming market expectations and delivering robust financial results.

Fortinet Flashes Golden Cross: Is This Cybersecurity Stock Ready For More Gains?

Norwegian Cruise Line

Top-ranked stocks Norwegian Cruise Line (NCLH), Eli Lilly (LLY), The Progressive (PGR) and Fortinet (FTNT) are likely to beat on earnings in their upcoming releases.

Buy 4 Top-Ranked Stocks to Play Likely Earnings Beat

Fortinet (FTNT) announces that it has been chosen as the official cybersecurity partner for Juventus Football Club for the next two seasons.

Fortinet (FTNT) Becomes Cybersecurity Partner for Juventus

GoDaddy

Motorola Solutions

As of Aug 16, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 3 Tech Stocks That May Plunge In August

Okta

Zscaler

Last year, hackers stayed busy, launching 2,365 cyberattacks and resulting in more than 343 million victims. This wake-up call has made cybersecurity stocks more important than ever, turning them into a hotbed for investors.

3 Top Cybersecurity Stocks for Maximum Growth in 2024

As the digital landscape expands, so too does the complexity and frequency of cybersecurity threats. This has propelled the cybersecurity sector to unprecedented importance, turning it into a battleground for corporations and investors alike.

3 Cybersecurity Stocks to Sell in August Before They Crash & Burn

Here is how Fortinet (FTNT) and PAR Technology (PAR) have performed compared to their sector so far this year.

Is Fortinet (FTNT) Stock Outpacing Its Computer and Technology Peers This Year?

The stock market plummeted last week on fears of a recession. The S&P 500 tumbled more than 3% as investors fled former high-flying stocks.

Should You Buy the 3 Best S&P 500 Stocks Since the Market Selloff?

The cybersecurity industry has been in greater focus since the outage caused by CrowdStrike.

Is Fortinet an Excellent Cybersecurity Stock to Buy?

This cybersecurity stock is adding to its earnings gap-up gains. Profit grew 50% in its most recent quarter.

Cybersecurity Stock Tacks On More Gains After Earnings Jump

Explore how Fortinet's (FTNT) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Unlocking Fortinet (FTNT) International Revenues: Trends, Surprises, and Prospects

Global cybersecurity leader Fortinet Inc. NASDAQ: FTNT stock has been surging following its robust Q2 2024 earnings top and bottom line beats. The company went ahead and raised its full-year 2024 guidance as a sweet cherry on top.

Fortinet Surges as Cybersecurity Demand Drives Record Earnings

Fortinet's share price surged ~25% post 2Q24 earnings beat with revenue at $1.43 billion and EPS at $0.57, achieving record margins. Fortinet's market leadership, strong financials, and promising indicators makes it a good long-term buy. Fortinet's consistent product leadership is an indicator for long-term success.

Fortinet: A Cybersecurity Giant Positioned For Long-Term Growth

Fortinet continues to execute the thesis we outlined at the end of 2023 and still has many growth levers and market potential. The second quarter has been very strong, achieving record margins, making two acquisitions, and developing the product ecosystem, with the bottom of the cycle very close. The 25% rise in one day has left FTNT at a fair, but not demanding, valuation. It will continue to perform well in the long term.

Fortinet: Smooth Execution Of The Business

Dropbox

IMAX

Although it is always a good idea to monitor volume change and price resilience, some stocks — especially those categorized as overhyped stocks to sell when they reach new highs — have more fishy fundamentals than others, particularly if there is a possibility of a recession. The global equity sell-off on Monday certainly hinted at a hard landing scenario.

3 Overhyped Stocks to Sell in August Before They Crash & Burn

Fortinet NASDAQ: FTNT stock surged more than 25% following its Q2 release because it reached an inflection point. The company's lean into unified SASE and Security Ops resonates with businesses, providing a simpler approach to cloud-based cybersecurity.

Cybersecurity Stock Surges, Promising Double-Digit Gains

Major U.S. equities indexes reversed early gains to close lower on Wednesday, as Tuesday's stock market rebound failed to maintain its momentum. The S&P 500 slipped 0.8%, while the Nasdaq dropped 1.1%, and the Dow lost 0.6%.

S&P 500 Gains and Losses Today: Fortinet Stock Surges on Earnings Beat

Fortinet (FTNT) shares took off Wednesday after the cybersecurity firm released a strong set of financial results, posting its highest-ever quarterly operating margin while topping sales and profit forecasts.

Fortinet Stock Jumps 25% After Strong Earnings, Leading S&P 500 Gainers

Fortinet (NASDAQ: FTNT ) stock is up a staggering 25% today after reporting strong second-quarter earnings results. Indeed, the cybersecurity stock led Wall Street in the morning as the top gainer.

News for Fortinet Stock (FTNT)