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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.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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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.

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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.

Fortinet's (FTNT) third-quarter results reflect strength in demand from small enterprise customers and growth in the company's security subscriptions.

Fortinet (FTNT) Q3 Earnings Beat Expectations, Sales Miss

Fortinet beat earnings expectations in Q3, but its sales came in lower than anticipated. The company's forward guidance and commentary are also worrying investors.

Why Fortinet Stock Is Plummeting Today

While most of Wall Street cheers freefalling bond yields  and jobs data, Fortinet Inc (NASDAQ:FTNT) is sitting out the festivities today.

Fortinet Stock Suffers Another Post-Earnings Collapse

Fortinet shares sank over 20% at the open on Friday after it reported disappointing third-quarter sales and provided 4Q guidance that fell short of expectations as the Secure Networking market experiences slower growth. The cybersecurity company said product demand is returning to normal levels following two years of elevated growth.

Fortinet stock tumbles on 3Q revenue miss; weak outlook

Fortinet (NASDAQ: FTNT ) stock is taking off on Friday after the company released its earnings report for the third quarter of 2023. That bad news comes from its outlook for the fourth quarter of the year.

Why Is Fortinet (FTNT) Stock Down 22% Today?

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Fortinet Stock Tumbles Again After Earnings. Palo Alto, CrowdStrike Fall, Too.

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Fortinet, Inc. (NASDAQ:FTNT ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Operator Good day, and thank you for standing by. Welcome to the Fortinet Q3, 2023 Earnings Announcement.

Fortinet, Inc. (FTNT) Q3 2023 Earnings Call Transcript

Fortinet Inc. whiffed badly with its guidance three months ago, and the company's third-quarter report Thursday brought another disappointment.

Fortinet's stock slides after earnings as guidance misses the mark yet again

Third Quarter 2023 Highlights Total revenue of $1.33 billion, up 16% year over year Service revenue of $868.7 million, up 28% year over year Billings of $1.49 billion, up 6% year over year 1 Deferred revenue of $5.29 billion, up 26% year over year GAAP operating income of $303.2 million, up 14% year over year Non-GAAP operating income of $371.4 million, up 14% year over year 1 GAAP operating margin of 22.7% Non-GAAP operating margin of 27.8% 1 GAAP diluted net income per share attributable to Fortinet, Inc. of $0.41, up 41% year over year Non-GAAP diluted net income per share attributable to Fortinet, Inc. of $0.41, up 24% year over year 1 Cash flow from operations of $551.2 million Free cash flow of $481.1 million 1 SUNNYVALE, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the third quarter ended September 30, 2023.

Fortinet Reports Third Quarter 2023 Financial Results

Evaluate the expected performance of Fortinet (FTNT) for the quarter ended September 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Gear Up for Fortinet (FTNT) Q3 Earnings: Wall Street Estimates for Key Metrics

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SAN JOSE, Calif.--(BUSINESS WIRE)--Seraphic Security, a leader in enterprise browser security, announced today that prominent cybersecurity expert and former Fortinet CTO for Endpoint Solutions Udi Yavo is joining its Advisory Board. Forrester reports that 85% of employees can do some or all of their work with only a browser but existing security solutions lack the necessary visibility and control in the browser. Seraphic's unique approach makes every browser – Chrome, Safari, Firefox, Edge, et.

Former Fortinet CTO for Endpoint Solutions Udi Yavo Joins Seraphic Security Advisory Board

SAN JOSE, Calif.--(BUSINESS WIRE)--Seraphic Security, a leader in enterprise browser security, announced today that prominent cybersecurity expert and former Fortinet CTO Udi Yavo is joining its Advisory Board. Forrester reports that 85% of employees can do some or all of their work with only a browser but existing security solutions lack the necessary visibility and control in the browser. Seraphic's unique approach makes every browser – Chrome, Safari, Firefox, Edge, etc. – a secure enterpris.

Former Fortinet CTO Udi Yavo Joins Seraphic Security Advisory Board

Fortinet's (FTNT) third-quarter 2023 earnings are likely to have been aided by the steady adoption of Security Fabric, cloud and SD-WAN offerings.

Fortinet (FTNT) to Report Q3 Earnings: What's in the Offing?

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Earnings reports from cybersecurity stocks, which recently have outperformed the software sector, kick in next week with Check Point, Fortinet and Cloudflare reporting.

Cybersecurity Stocks: What To Watch In Next Week's Earnings Reports

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Fortinet (FTNT) broadens its Universal SASE solution, enabling secure connections between users and various applications.

Fortinet (FTNT) Enhances SASE to Securely Connect Users & Apps

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is It Worth Investing in Fortinet (FTNT) Based on Wall Street's Bullish Views?

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Over 100 FortiSASE cloud locations for worldwide coverage, a new FortiGate SASE appliance, and more flexible security consumption options support enterprise organizations' adoption of Fortinet Universal SASE Over 100 FortiSASE cloud locations for worldwide coverage, a new FortiGate SASE appliance, and more flexible security consumption options support enterprise organizations' adoption of Fortinet Universal SASE

Fortinet Expands Its Universal SASE Offering to Securely Connect Any User to Any Application

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Fortinet is a market leader in the growing cybersecurity industry, increasing revenues at 19% and earnings at 22%.

Fortinet: A Strong Bargain In The Growing Cybersecurity Sector

Fortinet has been quietly building out a new type of cybersecurity service called Universal SASE. Google Cloud's global data center network could be a powerful tool for Fortinet's ambitions.

Fortinet Is Building a New Cybersecurity Service With Google Cloud -- Time to Buy This Beaten-Down Stock?

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While nothing can be taken for granted in the capital market, the concept of the top cybersecurity stocks to buy practically sells itself. Fundamentally, the pace of connectivity is only increasing.

News for Fortinet Stock (FTNT)