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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.

Earnings data Q1 2021

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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.

Okta

Our theme of Cyber Security Stocks is up by about 25% year-to-date, meaningfully outperforming the S&P 500 which was up by about 16% over the same period. There has been a renewed interest in cybersecurity stocks, due to several high-profile cyber attacks in recent months, including the ransomware.

Fortinet, Okta: With Cyberattacks on The Rise, Pick These Stocks

Fortinet Inc (NASDAQ: FTNT) has more than doubled in the stock market this year, but Wells Fargo says the rally is not over by a long stretch. On Tuesday, Wells Fargo's Andrew Nowinski assumed coverage of the stock with an “overweight” rating and a price target of $380 that translates to another 27% upside from […] The post Fortinet price prediction: Wells Fargo sees a 27% upside appeared first on Invezz.

Fortinet price prediction: Wells Fargo sees a 27% upside

﻿SUNNYVALE, Calif., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet “We are pleased to welcome Admiral Stavridis to our Board of Directors. Admiral Stavridis brings tremendous public sector experience and cybersecurity innovation insights to add even further depth to our leadership team. Admiral Stavridis will be a key contributor as we continue to solidify our leadership position and drive future growth.”

Public Sector Veteran James Stavridis, USN, (Ret), PhD Joins Fortinet Board of Directors

SUNNYVALE, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its third quarter 2021 financial results on Thursday, November 4th at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce Third Quarter 2021 Financial Results

85% Are More Concerned of a Ransomware Attack Than Other Cyber Threats 85% Are More Concerned of a Ransomware Attack Than Other Cyber Threats

Two-Thirds of Organizations Have Been the Target of at Least One Ransomware Attack According to a Fortinet Ransomware Survey

Fortinet Expands List of Global SPs Using Secure SD-WAN to Include Comcast Business, Granite Telecommunications, C&W Business Panama, Acuative, Tata Teleservices and 1&1 Versatel Fortinet Expands List of Global SPs Using Secure SD-WAN to Include Comcast Business, Granite Telecommunications, C&W Business Panama, Acuative, Tata Teleservices and 1&1 Versatel

Fortinet Continues its Secure SD-WAN Momentum with New Global Service Providers

Fortinet Secure SD-WAN Delivers Superior User Experience and Advanced Security to Enable Work from Anywhere Fortinet Secure SD-WAN Delivers Superior User Experience and Advanced Security to Enable Work from Anywhere

Fortinet Again Named a Leader in the 2021 Gartner® Magic Quadrant™ for WAN Edge Infrastructure, Placed Highest in Ability to Execute

Fortinet Inc (NASDAQ: FTNT) stock has more than doubled this year already, but Stifel says “there's a lot of life left at this party”. Stifel assumes coverage of Fortinet with a buy rating On Tuesday, Stifel's Adam Borg assumed coverage of the cybersecurity company with a ‘buy' rating and a price target of $355 that […] The post Stifel's Adam Borg sees a 19% upside in Fortinet stock appeared first on Invezz.

Stifel's Adam Borg sees a 19% upside in Fortinet stock

Fortinet Inc.'s (NASDAQ:FTNT) strong execution is likely to continue in coming years, according to Stifel. The Fortinet Analyst: Adam Borg initiated coverage of Fortinet with a Buy rating and a target price of $355.

Why Fortinet Has More Upside, Even After 100% Rally YTD

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Fortinet (FTNT) is a Top-Ranked Momentum Stock: Should You Buy?

“Linksys HomeWRK for Business | Secured by Fortinet” Allows Enterprises to Provide Employees with an Easy-to-Deploy At-home Solution to Establish Both Corporate and Personal Networks with Enterprise-grade Security “Linksys HomeWRK for Business | Secured by Fortinet” Allows Enterprises to Provide Employees with an Easy-to-Deploy At-home Solution to Establish Both Corporate and Personal Networks with Enterprise-grade Security

Fortinet and Linksys Joint Venture Delivers First-of-its-Kind Secure Enterprise Solution to Support Remote and Hybrid Work

The cybersecurity company is coming back into growth mode. Fortinet's Q2 2021 results saw its free cash flow margin reach 49%.

Fortinet: Cash-Generative, Cheaply Priced Cybersecurity Stock Back In Growth Mode

Fortinet has seen their stock more than double so far this year on top of strong IT security spend and a higher valuation multiple.

Fortinet: More To Come Despite The Premium Valuation

Lucrative opportunities in the cybersecurity market should ensure sustained growth for this company.

This Tech Stock Has Doubled in 2021, and It Could Still Go Higher

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Fortinet's FortiGate and the Dragos Platform Integrate to Provide Joint Customers with Advanced Security and Simplified Deployment Across OT Organizations Fortinet's FortiGate and the Dragos Platform Integrate to Provide Joint Customers with Advanced Security and Simplified Deployment Across OT Organizations

Fortinet and Dragos Expand Partnership to Further Secure OT Infrastructure

Public and Private Sector Actions Are Gaining Momentum in Disrupting Cybercrime Supply Chains Public and Private Sector Actions Are Gaining Momentum in Disrupting Cybercrime Supply Chains

FortiGuard Labs Reports Tenfold Increase in Ransomware

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Q2 Earnings Fails to Impress Cybersecurity ETFs

Fortinet, Inc. is one of the most technologically-advanced cybersecurity companies in the industry with cutting-edge hardware and software solutions.

Fortinet: Disrupting Cybersecurity Is Paying Off For The Stock

This isn't the trendiest cybersecurity stock, but it's one of the best investments within the industry.

Up Over 90% So Far in 2021, Is Fortinet Stock Still a Buy After Q2 Earnings?

Fortinet's (FTNT) second-quarter 2021 results reflect gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

Fortinet (FTNT) Beats on Q2 Earnings & Revenues, Raises '21 Guidance

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Fortinet Inc.'s (FTNT) CEO Ken Xie on Q2 2021 Results - Earnings Call Transcript

Fortinet (FTNT) delivered earnings and revenue surprises of 10.47% and 8.00%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Fortinet Stock (FTNT)