Revenue segments as reported by the company.

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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

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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.

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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.

Shares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but billings were slightly off the mark.

Fortinet's stock falls 9% after cybersecurity company's quarterly billings drop

Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity tools.

Fortinet projects quarterly billings below estimates as competition heats up

First Quarter 2024 Highlights Total revenue of $1.35 billion, up 7% year over year Service revenue of $944 million, up 24% year over year GAAP operating margin of 23.7% Non-GAAP operating margin of 28.5% 1 Cash flow from operations of $830 million Free cash flow of $609 million 1 SUNNYVALE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the first quarter ended March 31, 2024.

Fortinet Reports First Quarter 2024 Financial Results

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Fortinet's (FTNT) first-quarter 2024 earnings are likely to have been aided by the steady yet slow growth of Security Fabric, cloud and SD-WAN offerings.

Fortinet (FTNT) to Report Q1 Earnings: What's in the Offing?

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Unlocking Q1 Potential of Fortinet (FTNT): Exploring Wall Street Estimates for Key Metrics

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Investors Heavily Search Fortinet, Inc. (FTNT): Here is What You Need to Know

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Fortinet (FTNT) closed at $63.13 in the latest trading session, marking a -0.43% move from the prior day.

Fortinet (FTNT) Stock Falls Amid Market Uptick: What Investors Need to Know

Fortinet Recognized in Eight Gartner® Magic Quadrant™ Reports, Based on the Fortinet Security Fabric Platform SUNNYVALE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet “Fortinet is the only vendor recognized in the Gartner ® Magic Quadrant™ reports for Security Service Edge, SD-WAN, Single-Vendor SASE, Network Firewall, and Enterprise Wired and Wireless LAN Infrastructure.

Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Security Service Edge

Report provides a comprehensive overview of Fortinet's sustainability progress and initiatives from the past year Report provides a comprehensive overview of Fortinet's sustainability progress and initiatives from the past year

Fortinet Releases its 2023 Sustainability Report

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SUNNYVALE, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud

Fortinet Wins Two Google Cloud Technology Partner of the Year Awards for Security

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Better Cybersecurity Stock: Zscaler vs. Fortinet

Fortinet (FTNT) releases the latest version of the FortiOS operating system, FortiOS 7.6, along with updates to its cybersecurity platform.

Fortinet (FTNT) Upgrades FortiOS and Its Cybersecurity Platform

The latest version of FortiOS, the only operating system that seamlessly converges networking and security, and Security Fabric updates deliver new generative AI, data protection, managed services, and unified agent features The latest version of FortiOS, the only operating system that seamlessly converges networking and security, and Security Fabric updates deliver new generative AI, data protection, managed services, and unified agent features

Fortinet Introduces Expansive Upgrades to its Real-Time Network Security Operating System to Empower Enterprises to Fortify Their Networks

SUNNYVALE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its first quarter 2024 financial results on Thursday, May 2, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce First Quarter 2024 Financial Results

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News for Fortinet Stock (FTNT)