Revenue segments as reported by the company.

Product

Service

Revenue Segments

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.

Research and development

Sales and marketing

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Gain on intellectual property matter

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Year over year growth in Revenue and Operating Expenses.

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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.

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

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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.

CyberArk Software

Security stocks have been on a tear because of last year's high-profile cyber attack. Two Wall Street analysts on Tuesday gave their recommendations for the best ways to play the sector.

CyberArk and Fortinet Rally as Analysts See Growth in Security Spending

Apple

Advanced Micro Devices

Amazon

Alphabet

Microsoft

Oracle

Zoom Video

These best tech stocks to buy are all coming off solid performances in 2020. The new year promises to keep their winning streaks going.

The 8 Best Tech Stocks to Buy for 2021's Advances

CrowdStrike

McAfee

Palo Alto Networks

Ping Identity Holding Corp

Rapid7

SailPoint Technologies Hlds

Tenable Holdings Inc

Verint Systems

After a roaring year for security stocks, Goldman Sachs says that investors should be more selective. The bank recommends a few different ways to play the sector.

Security Stocks Should Keep Rallying In 2021. Here Are Goldman's 11 Best Bets.

Technology was a big 2020 winner, and many of the top software stocks had an outstanding year.

Cybersecurity Software May Be Red Hot in 2021: 3 Top Stocks to Buy Now

In Response to Widening Cybersecurity Skills Gap and Strong Demand, Fortinet to Continue Offering Entire Catalogue of Self-paced Network Security Expert Training at No Cost for the Foreseeable Future In Response to Widening Cybersecurity Skills Gap and Strong Demand, Fortinet to Continue Offering Entire Catalogue of Self-paced Network Security Expert Training at No Cost for the Foreseeable Future

Fortinet Extends Availability of Free Self-Paced NSE Cybersecurity Training Courses to Further Build Industry's Workforce

Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Fortinet (FTNT) Keep the Earnings Surprise Streak Alive?

FireEye

Qualys

Here we discuss three stocks -- QLYS, FTNT, FEYE -- that have witnessed a remarkable run this year and are well poised to generate double-digit returns in 2021 as well.

3 Cybersecurity Stocks That May Give Double-Digit Returns in 2021

Chegg

Copart

JD.com

As the search for the best stocks to watch in 2021 begins, see who joins Chegg, Copart, Fortinet and JD stock on the IBD Breakout Stocks Index. The post Chegg, Copart, JD Stock Among Breakout Stocks To Watch Heading Into 2021 appeared first on Investor's Business Daily.

Chegg, Copart, JD Stock Among Breakout Stocks To Watch Heading Into 2021

SolarWinds Corp

In five years, the cybersecurity industry is expected to nearly triple. So, there's a lot of growth ahead.

My Favorite Cybersecurity Stocks for 2021

Brooks Automation

NVIDIA

QUALCOMM

We discuss four disruptive stocks, NVDA, BRKS, QCOM and FTNT, which are poised to perform well in 2021 on technological advancement and strong fundamentals.

4 Disruptive Technology Stocks to Watch Out For in 2021

Market-leading growth & margin momentum to deliver short-term upside as expectations are comfortably exceeded. SASE progress and edge decentralization not currently priced in.

Fortinet: An Alternative Play On The SASE Narrative - ASIC Powers Multiple Catalysts, $200 Target Price

There has been a higher level of activity among IT Security plays during the last week in the stock market. This follows the hacking of SolarWinds' network management software and using the breach to target Microsoft, among others.

Fortinet Should Benefit From The SolarWinds-Microsoft Hack

Fortinet (FTNT) closed at $145.78 in the latest trading session, marking a -0.05% move from the prior day.

Fortinet (FTNT) Stock Moves -0.05%: What You Should Know

Zscaler

Wedbush's Dan Ives was already anticipating an acceleration of cybersecurity spending for 2021 as more governments and businesses work from home and  adopt cloud technology. Now, following the recent SolarWinds attack that compromised state agencies and corporations including Microsoft, Ives anticipates sees a 20% "seismic increase" in cyber spending that will lift cybersecurity stocks.

Cybersecurity stocks will see further acceleration in 2021 as more companies ramp up protection following the SolarWinds hack, says Wedbush

A10 Networks

CACI

Check Point Software Technologies

Cloudflare

NortonLifeLock

Ribbon Communications

These are the cybersecurity stocks with the best value, fastest growth, and most momentum for Q1 2021.

Top Cybersecurity Stocks for Q1 2021

Fortinet (FTNT) recently acquired Panopta, a SaaS platform innovator, to build a comprehensive network and security operations management solution for enterprises and services providers.

Fortinet (FTNT) Acquires Panopta To Extend Security Services

3 Security Stocks to Watch in a Challenging Industry

Fortinet Continues to Build Cybersecurity Solutions with AWS Services, including  AWS Gateway Load Balancer, AWS Outpost s , AWS Network Firewall and AWS Transit Gateway

Fortinet Collaborates with AWS to Deliver an Integrated Next-Generation Firewall Solution to Protect Customer Workloads on AWS

FortiGate Rugged 60F Next-generation Firewalls Bring Easy-to-Deploy SD-WAN and Integrated Advanced Security to OT Networks FortiGate Rugged 60F Next-generation Firewalls Bring Easy-to-Deploy SD-WAN and Integrated Advanced Security to OT Networks

Fortinet Announces Industry's First Secure SD-WAN Appliances for Operational Technology Environments

Eleventh Consecutive Year Fortinet Recognized in Gartner Magic Quadrant for Network Firewalls Eleventh Consecutive Year Fortinet Recognized in Gartner Magic Quadrant for Network Firewalls

Fortinet Again Named as a Leader in the 2020 Gartner Magic Quadrant for Network Firewalls

Fortinet is the Only Company to Converge Network Security and the LAN Edge Fortinet is the Only Company to Converge Network Security and the LAN Edge

Fortinet Recognized as a Visionary in the 2020 Gartner Magic Quadrant for Wired and Wireless LAN Access Infrastructure

Top Tier Academic Institutions Join Forces with Fortinet to Prepare Students for a Career in Cybersecurity Top Tier Academic Institutions Join Forces with Fortinet to Prepare Students for a Career in Cybersecurity

Canadian Institutions Join Fortinet's Security Academy Program to Address Cybersecurity Skills Gap

Another strong quarter of sales growth was complemented by even better profitability.

Fortinet Is My Favorite Cybersecurity Stock -- Here's Why I'm Buying More Shares Now

A sharp pullback following a strong earnings report looks like an opportunity to go long.

This High-Growth Cybersecurity Stock Is on Sale Right Now

The cybersecurity veteran delivered a strong third-quarter report and impressive guidance for the next quarter, but the stock still got a haircut on a brutal day for tech stocks overall.

News for Fortinet Stock (FTNT)