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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.

IRVINE, Calif.--(BUSINESS WIRE)-- #ImagineNext--Ingram Micro Inc. is honored to be named Fortinet's Distributor of the Year for the U.S. The win marks the fifth time Ingram Micro has been presented with the award. The Fortinet Partner of the Year Awards recognizes dedicated and distinguished Fortinet partners and distributors around the world. Fortinet's channel partners, including Ingram Micro, play a critical role in helping Fortinet secure users, devices, applications, and edges everywhere. Ingram Micro ha

Ingram Micro Named Fortinet Distributor of the Year

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FTNT produced a fantastic 1Q22 earnings report, demonstrating a growthy and profitable business. Secular tailwinds driving this 1Q22 ER performance are set to continue.

Fortinet: The Cloudflare Of Hybrid Networking And Security

Fortinet's (FTNT) first-quarter results reflect gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

Fortinet (FTNT) Earnings & Revenues Beat Estimates in Q1

Wall Street applauded Fortinet's results, and highlighted its continued momentum in the cybersecurity sector.

Fortinet Earnings Impressed Wall Street. Analysts Say Buy the Stock Now.

Fortinet stock rose as March-quarter earnings, revenue and billings topped analyst estimates while profit guidance came in below expectations. The post Fortinet Earnings, Revenue And Billings Top Estimates appeared first on Investor's Business Daily.

Fortinet Earnings, Revenue And Billings Top Estimates

Fortinet, Inc. (NASDAQ:FTNT ) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Peter Salkowski - Head of IR Ken Xie - Founder, Chairman and CEO Keith Jensen - CFO Conference Call Participants Fatima Boolani - Citi Brian Essex - Goldman Sachs Saket Kalia - Barclays Bank Adam Borg - Stifel John Weidemoyer - William Blair Michael Turits - KeyBanc Capital Markets Hamza Fodderwala - Morgan Stanley Adam Tindle - Raymond James Andrew Nowinski - Wells Fargo Benjamin Bollin - Cleveland Research Gray Powell - BTIG Irvin Liu - Evercore ISI Gregg Moskowitz - Mizuho Securities Operator Good day, and thank you for standing by. Welcome to the Fortinet First Quarter 2022 Earnings Call.

Fortinet, Inc. (FTNT) CEO Ken Xie on Q1 2022 Results - Earning Call Transcript

Fortinet (FTNT) delivered earnings and revenue surprises of 18.99% and 8.07%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Fortinet (FTNT) Q1 Earnings and Revenues Top Estimates

Fortinet Inc (NASDAQ: FTNT) shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected financial results and issued guidance. Fortinet said first-quarter revenue increased 34% year-over-year to $954.8 million, which beat the $884.

Why Fortinet Shares Are Trading Higher After Hours

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Fortinet Releases New Research on Key Concerns around the Cybersecurity Talent Shortage, Recruitment, Diversity, and Security Awareness Fortinet Releases New Research on Key Concerns around the Cybersecurity Talent Shortage, Recruitment, Diversity, and Security Awareness

Cybersecurity Skills Gap Contributed to 80 Percent of Breaches According to New Fortinet Report

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Fortinet ( FTNT , Financial) is a leading cybersecurity company which is known for their best-in-class firewall solutions. They were founded in 2000 before going public in 2009, and today they are the only pure-play cybersecurity industry in the S&P 500.

Fortinet: Highest Margins in the Cybersecurity Industry

If you look at the change over the last five and ten days, too, the stock has lost -7.9% and -9.4% respectively, underperforming the broader markets on both occasions.

Down 10% Last Month, Can Fortinet Stock Recover Anytime Soon?

DALLAS--(BUSINESS WIRE)--Masergy, Fortinet, and Ingram Micro Inc. today announced the companies have teamed to deliver a new distribution sales route and tailored SD-WAN solution for value-added resellers and managed service providers (MSPs). For the first time, Masergy's managed SD-WAN services are available through a distribution channel, helping partners easily expand their services to tap into previously unreachable markets. The team is trailblazing SD-WAN for the reseller community with a

Masergy, Fortinet, and Ingram Micro Trailblazing SD-WAN for Resellers With New Managed Services Sales Route

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The Parnassus Fund, part of San Francisco-based Parnassus Funds, disclosed in a regulatory 13F filing that it entered four new positions during the first quarter: Progressive Corp. ( PGR , Financial), Fortinet Inc. ( FTNT , Financial), Nutrien Ltd. ( NTR , Financial) and Cintas Corp. ( CTAS , Financial).

Jerome Dodson's Parnassus Fund Enters 4 New Positions in 1st Quarter

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John Maddison, EVP of Products and CMO at Fortinet "Fortinet is committed to keeping organizations secure through our industry-leading technology and award-winning training and certifications curriculum. Designed by the Fortinet Training Institute, today we're introducing the new Security Awareness and Training service, offering any organization the ability to further protect their critical digital assets from cyber threats by building employee cybersecurity awareness. This service uniquely is informed by Fortinet's FortiGuard Labs threat intelligence so that employees are learning and keeping up with the latest evolving cyberattack methods.”

Fortinet Launches New Security Awareness and Training Service to Enhance Workforce Cyber Awareness and Mitigate Threats

Fortinet (FTNT) releases the latest upgrade, FortiOS 7.2, to its operating system, featuring converged networking and security solutions across the company's entire portfolio.

Fortinet (FTNT) Upgrades Its Core OS With FortiOS 7.2 Launch

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New features converge networking and security to further unify SD-WAN, ZTNA, SWG, NGFW, and more, enabling consistent, coordinated security across any network edge at-scale New features converge networking and security to further unify SD-WAN, ZTNA, SWG, NGFW, and more, enabling consistent, coordinated security across any network edge at-scale

News for Fortinet Stock (FTNT)