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) broadens its global SASE network presence in collaboration with Google Cloud for universal customers.

Fortinet (FTNT) Expands Global SASE Presence With Google Cloud

Allstate

American Water Works

Exelon

Kelly Services

Kroger

MetLife

A double-edged sword if there ever was one, the September jobs report effectively put the Federal Reserve in a bind, catalyzing the case for stocks for rising interest rates. Sure, on the one hand, most governments aim for a robust labor market.

7 Stocks to Buy That Love Rising Interest Rates

Google Cloud Network's Global Network Edge Locations Will Expand Fortinet's POP Coverage for Universal SASE Customers Google Cloud Network's Global Network Edge Locations Will Expand Fortinet's POP Coverage for Universal SASE Customers

Fortinet Expands Its Global SASE Points-of-Presence with Google Cloud

Fortinet supports MSSPs with a seamless journey from managed SD-WAN to SASE, ZTNA, and SD-Branch services Fortinet supports MSSPs with a seamless journey from managed SD-WAN to SASE, ZTNA, and SD-Branch services

Global MSSPs Select Fortinet Secure SD-WAN and SASE to Deliver Secure Networking Services to Customers

Fortinet, Inc. is strategically focusing on delivering comprehensive cybersecurity services alongside its products. Fortinet stock is trading at around 30 times next year's EPS, making it reasonably valued. Despite some challenges, including the macroeconomic environment and increased competition, Fortinet remains positioned to benefit from the growing demand for secure networking solutions.

Fortinet's Valuation: Finding Value In The Cybersecurity Sector

Fortinet (FTNT) introduces new high-performance switches, which are designed to provide secure connectivity for modern campus environments.

Fortinet (FTNT) Unveils Secure Switches for Modern Campuses

Broadcom

Adobe

Celsius Holdings

Alphabet

MercadoLibre

ServiceNow

Growth stocks can deliver exceptional returns for long-term investors. While holding more risk, these stocks can comfortably surge past market indices and outperform them in the long run.

Join the Top 1% By Investing in These 7 Growth Stocks

Chevron

Devon Energy

General Dynamics

Exxon Mobil

As tensions escalate between Israel and the Hamas group, it has been revealed US congressional leaders have been making some strategic investment moves into military-related stocks.

Congress buys up war stocks ahead of attack on Israel

FortiSwitch 600 and 2000 deliver intelligent, scalable connectivity that seamlessly integrates with AIOps and FortiGuard AI-Powered Security Services FortiSwitch 600 and 2000 deliver intelligent, scalable connectivity that seamlessly integrates with AIOps and FortiGuard AI-Powered Security Services

Fortinet Launches New High-Performance Switches to Securely Connect the Modern Campus

CrowdStrike

Cisco Systems

Finding the most promising cybersecurity stocks can be simple if you look in the right places. The global cybersecurity market is one of the fastest growing industries in the world.

3 Cybersecurity Stocks That Will Make Early Investors Rich

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 Fortinet (FTNT) a Buy as Wall Street Analysts Look Optimistic?

Palo Alto Networks

The online world makes it easier for us to connect with people, buy products, and consume content. Anyone can enter this digital space with a computer, tablet, or smartphone.

Q4 Stock Predictions: 3 Cybersecurity Stocks Ready to Blast Off

Agilent Technologies

Analog Devices

Autodesk

Amazon

American Express

Boeing

Bank of America

Biogen

Bank of New York Mellon

Blackrock Inc

Bristol-Myers

Colgate-Palmolive

Clorox

Comcast

Compass Minerals

Campbell Soup

Salesforce

Corteva Inc

Disney

Ecolab

Equifax

Estee Lauder

Etsy

Gilead Sciences

Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison. We share the heat map of the most investable candidates that may be worth your time for further analysis.

U.S. Wide-Moat Stocks On Sale - The October 2023 Heat Map

SUNNYVALE, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet “Fortinet serves tens of thousands of secure SD-WAN enterprise customers, offers the world's only SD-WAN ASIC solution, and has been named as a Leader in the Gartner Magic Quadrant for SD-WAN for the fourth year in a row.

Fortinet Recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for SD-WAN for the Fourth Year in a Row and Highest in Ability to Execute Three Times

NASHVILLE, Tenn.--(BUSINESS WIRE)--Cloud Range, the industry's leading cyber range solution to reduce cyber risk across the organization, today announced it has joined the Fortinet Fabric-Ready Technology Alliance Partner Program – a part of the Fortinet Open Ecosystem – to provide cybersecurity teams with full-service, live-fire simulation exercises specifically designed for OT, IT, IoT, and converged environments. The partnership with Fortinet will give practitioners the capabilities and expe.

Cloud Range Joins Fortinet Fabric-Ready Partner Program to Protect Enterprise Organizations with Cyber Preparedness Simulation Platform

SUNNYVALE, Calif., Oct. 02, 2023 (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 third quarter 2023 financial results on Thursday, November 2, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce Third Quarter 2023 Financial Results

Membership emphasizes Fortinet's focus on embedding sustainability and responsible corporate governance into its operations and business model Membership emphasizes Fortinet's focus on embedding sustainability and responsible corporate governance into its operations and business model

Fortinet Joins the United Nations Global Compact

Management is forecasting robust industry growth between now and 2030.

What's Going on With Fortinet Stock?

The cybersecurity company expects revenue to accelerate later this year.

Great News for Fortinet Stock Investors

Council Members from Five Eyes Nations Will Help Advance the Fortinet Veterans Program's Impact on Supporting Military Veterans in Transitioning to Careers in Cybersecurity Council Members from Five Eyes Nations Will Help Advance the Fortinet Veterans Program's Impact on Supporting Military Veterans in Transitioning to Careers in Cybersecurity

Fortinet Announces Formation of Veterans Program Advisory Council to Narrow the Cybersecurity Skills Gap with Military Veteran Talent

Rapid revenue growth is capturing investor attention.

Why Is Everyone Talking About Fortinet Stock?

Arista Networks

The world increasingly relies on the internet to store data, make purchases and communicate with friends. While the digital world has provided many benefits, it has also resulted in cybercrime.

Don't Miss the Boom: 3 Cybersecurity Stocks Set to Explode Higher

Macroeconomic uncertainty is causing some of Fortinet's clients to pause or delay spending.

Where Will Fortinet Stock Be in 1 Year?

The cybersecurity company plans to launch new products to meet rapidly changing market demands.

Fortinet Stock Analysis: Buy, Sell, or Hold?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

News for Fortinet Stock (FTNT)