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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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.

Shares of Fortinet completed a 5-to-1 stock split on June 23rd. The company last reported its Q1 results back in May that beat expectations with strong fundamentals.

Is Fortinet Stock A Buy After Its Stock Split? We Like This Fantastic Earnings Growth Story

This cybersecurity stock is also splitting and riding a massive tech-upgrade cycle.

1 Stock Split Growth Stock to Buy Now

The company's business lines have mammoth potential.

This Recession-Proof Tech Is Rising on an Unstoppable Trend

93% of OT Organizations Experienced an Intrusion in Past 12 Months, and 78% Experienced More than Three 93% of OT Organizations Experienced an Intrusion in Past 12 Months, and 78% Experienced More than Three

Fortinet Global Survey Uncovers Critical OT Security Challenges

NUS signs MOU with Fortinet on quantum security technologies NUS signs MOU with Fortinet on quantum security technologies

Fortinet to Support Singapore's Quest for Quantum-Safe Future

SUNNYVALE, Calif., June 14, 2022 (GLOBE NEWSWIRE) -- Barbara Maigret, Global Head of Sustainability & CSR at Fortinet “At Fortinet, we understand the importance of making sustainability integral to our business model. 2021 was the year for defining our strategy and planning the company's journey for the medium- to long-term. With our inaugural sustainability report, we aim to increase transparency on progress to date and allow our stakeholders – including customers, partners, employees, suppliers, shareholders, and communities – to better understand our corporate social responsibility approach, leading with ambition towards a more sustainable world and safer internet.”

Fortinet Releases its Inaugural Sustainability Report

American Airlines

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These stocks are falling, but still trading above their historical price-to-earnings ratios.

History says these stocks still aren't cheap despite big market sell-off

The incredible five-for-one forward stock split will make Fortinet's (FTNT) stock more affordable to retail investors and employees.

Fortinet (FTNT) to Split Stock in 5 to Attract More Investors

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As talk of the metaverse intensifies, we can see a greater emphasis being placed on the stocks that are likely to play a key role in powering the brave new digital frontier. This invariably includes cybersecurity firms that are set to keep individuals secure in a massively interconnected online.

Could The Metaverse Spark A Monumental Price Rally For Cybersecurity Stocks?

Fortinet Inc. FTNT, -1.59% said Thursday that it plans to implement the previously disclosed five-for-one stock split on June 22. The split is contingent on shareholders approving at the June 17 annual meeting a proposal to increase the number of shares outstanding so the split could take effect.

Fortinet plans previously disclosed stock split to be implemented in 2 weeks

SUNNYVALE, Calif., June 09, 2022 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced its intention to implement its previously announced five-for-one forward stock split (the “Stock Split”) on June 22, 2022. Fortinet previously disclosed the Stock Split on April 22, 2022, and further details on the Stock Split were included in Fortinet's definitive proxy statement (the “Proxy Statement”) relating to Fortinet's Annual Meeting of Stockholders to be held on June 17, 2022 (the “2022 Annual Meeting”).

Fortinet Announces Five-for-One Stock Split

Fortinet is a market-leading cyber security business growing at 20%+, with this expected to continue. Unlike most SaaS businesses, Fortinet has been profitable for years and is a cash-flow machine.

Fortinet: Buy High, Sell Higher

FortiRecon combines machine learning, automation, and human intelligence to continually monitor an organization's external attack surface, determine its brand risk, and deliver custom intel to act earlier and faster on threats FortiRecon combines machine learning, automation, and human intelligence to continually monitor an organization's external attack surface, determine its brand risk, and deliver custom intel to act earlier and faster on threats

Fortinet Unveils New Digital Risk Protection Offering to Empower Security and Executive Teams with an Attacker's View of the Enterprise

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

Why Is Fortinet (FTNT) Up 6.6% Since Last Earnings Report?

SUNNYVALE, Calif., June 01, 2022 (GLOBE NEWSWIRE) -- John Maddison, EVP of Products and CMO at Fortinet “Securing today's hybrid networks in the face of an escalating threat landscape while enabling digital acceleration is top of mind for all organizations. At this year's event, we look forward to showcasing the importance of a broad, integrated, and automated cybersecurity mesh platform to protect against across an organization's entire infrastructure - that is consistent whether on premises or in the cloud.”

Media Advisory: Fortinet to Showcase Security and Networking Innovations at RSAC 2022

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FortiNDR leverages machine learning and deep neural networks – the next-generation of AI – to identify cyberattacks based on anomalous network activity and limit threat exposure FortiNDR leverages machine learning and deep neural networks – the next-generation of AI – to identify cyberattacks based on anomalous network activity and limit threat exposure

Fortinet Introduces Self-Learning AI Capabilities in New Network Detection and Response Offering

Fortinet, Inc. (NASDAQ:FTNT ) J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference Call May 23, 2022 8:40 AM ET Company Participants Keith Jensen - Chief Financial Officer Peter Salkowski - Vice President, Investor Relations Conference Call Participants Raquel Betesh - JPMorgan Raquel Betesh Good morning, everyone, and welcome to JPMorgan's 50th Annual Global Technology, Media and Communications Conference.

Fortinet, Inc. (FTNT) Management Presents at J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference (Transcript)

This Cybersecurity Stock's Revenue Is Exploding

Versatile products and offerings are keys to success.

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Fortinet's free cash flow margin is higher than 90% of the companies belonging to the S&P 500. Cybersecurity industry is expected to grow at a 13.4% CAGR, from the current $155.83 billion to $376.32 billion in 2029.

News for Fortinet Stock (FTNT)