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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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

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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.

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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.

RIDGELAND, Miss.--(BUSINESS WIRE)--Business Communications, Inc., a leading provider of cybersecurity and networking solutions, has achieved all eight specializations offered through the Fortinet Engage Partner Program. This milestone sets Business Communications, Inc. apart as the only partner in North America to accomplish this feat, reaffirming its commitment to excellence and expertise in delivering comprehensive security solutions powered by the Fortinet Security Fabric Platform. Fortinet'.

Business Communications, Inc. is the First North American Partner to Successfully Attain Specializations in All Eight Categories Offered by the Fortinet Engage Partner Program

In the wake of a worldwide IT outage, Fortinet (NASDAQ: FTNT) has emerged as a key player in the cybersecurity sector.

AI predicts Fortinet stock price for end of 2024

Acquisition adds a leading AI-driven cloud-native application protection platform to the Fortinet Security Fabric Acquisition adds a leading AI-driven cloud-native application protection platform to the Fortinet Security Fabric

Fortinet Completes Acquisition of Lacework

Fortinet's (FTNT) second-quarter 2024 earnings are likely to have been aided by the steady growth of Security Fabric, cloud and SD-WAN offerings amid intense competition and elevated valuation.

Fortinet (FTNT) Stock Before Q2 Earnings: To Buy or Not to Buy?

Advanced Micro Devices

Shopify

The recent brief tech stock dip ended as second-quarter earnings reaffirmed tech's market leadership. Indeed, the AI, cloud, and fintech sectors have been driving the tech sector in the past two years, driving more growth for the market.

3 High-Growth Tech Stocks That Have Plenty of Lead Left In Their Pencils

Get a deeper insight into the potential performance of Fortinet (FTNT) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Ahead of Fortinet (FTNT) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Fortinet investors don't have a clear view of its inventory digestion, hurting buying sentiments. FTNT could benefit from the recent CrowdStrike debacle, helping to drive its vendor consolidation proposition. Recent sentiments on cybersecurity stocks are mixed, emphasizing the need for robust execution.

Fortinet: Don't Wait For The Runway To Be Clear

Fortinet is set to report Q2 FY24 earnings, with focus on Secure Networking business and SASE products progress. Concerns arise over billings deceleration and management's unchanged guidance, indicating a potential slowdown in revenue growth. Valuation models suggest a fair value range for Fortinet, with expectations for adjusted earnings growth and forward valuation multiple.

Fortinet Q2 Preview: Billings Slowdown Overshadows SASE Progress (Ratings Downgrade)

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why Fortinet (FTNT) is a Top Growth Stock for the Long-Term

Palo Alto Networks

Zscaler

With cyberattacks increasing to 2,365 incidents and 343 million victims last year, cybersecurity stocks are more attractive. Data breaches surged 72%, highlighting the need for robust digital defenses.

Forget CrowdStrike: These 3 Cybersecurity Stocks Could Be Much Better Picks

SentinelOne

Until recently, CrowdStrike (NASDAQ: CRWD ) was one of the most successful cybersecurity stocks in the world. The stock was rising to new heights due to the success of its Falcon endpoint security solution.

The Bright Side of the CrowdStrike Outage: 3 Stocks That Stand to Gain

Fortinet's (FTNT) cutting-edge cybersecurity solutions, including next-gen firewalls and AI capabilities, make the stock worth a watch amid fierce competition and premium valuation.

Fortinet (FTNT) Falls 11% in 6 Months: Should You Hold or Fold?

Fortinet (FTNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fortinet (FTNT) Reports Next Week: Wall Street Expects Earnings Growth

Fortinet (FTNT) concluded the recent trading session at $57.39, signifying a +0.68% move from its prior day's close.

Fortinet (FTNT) Rises Higher Than Market: Key Facts

The cybersecurity company's shares are roughy flat since Guggenheim's upgrade almost a year ago

Fortinet's stock gets downgraded as analyst admits bullish call came too early

Fortinet (FTNT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Is Trending Stock Fortinet, Inc. (FTNT) a Buy Now?

CrowdStrike

CyberArk Software

While the cybersecurity industry has generally been a bastion of strength in the tech sector, not all stocks are created equal. Despite the rising threats that drive demand for digital protection, some companies in this space are showing signs of weakness that could lead to significant declines in their stock prices.

Get Your Money Out of These 3 Cybersecurity Stocks Before the End of July

Amazon

Duolingo

Alphabet

Semrush Holdings

Upwork Inc

People spend a lot of time on their devices, but the actual number may surprise you. The average American spends 4.5 hours on their smartphone each day, and that's not even including laptops and tablets.

7 Stocks That Are Capitalizing on the Digital World

Broadcom

If you're looking for cybersecurity stocks to buy in July, a good place to look is the First Trust NASDAQ Cybersecurity ETF (NASDAQ: CIBR ) with $6.76 billion in net assets. It is the largest ETF focusing on cybersecurity stocks, up 13% year-to-date and 28% over the past year.

If You Can Only Buy One Cybersecurity Stock in July, It Better Be One of These 3 Names

CrowdStrike (NASDAQ: CRWD) stock plummeted nearly 10% today after the opening bell, following a massive outage caused by a software update. This incident brought industries, companies, and businesses worldwide to a standstill.

2 Stocks to watch following massive global IT outage

Fortinet (NASDAQ: FTNT ) stock is among the cybersecurity shares investors will want to keep an eye on Friday alongside the CrowdStrike (NASDAQ: CRWD ) outage. What appears to be a bad update from CrowdStrike has taken out machines running Microsoft's (NASDAQ: MSFT ) Windows operating systems around the world.

FTNT Stock Alert: Fortinet Is on Watch for CrowdStrike Outage Gains

CrowdStrike Holdings, Inc.'s CRWD pain has become a gain for its cybersecurity peers and the latter as a group are seen advancing strongly in premarket trading on Friday.

Palo Alto, Sentinel, CyberArk And Fortinet Rally In Pre-Market: What's Driving Gains In Cybersecurity Space?

CommVault Systems

Cyberattacks are on the rise. Last year featured 2,365 cyberattacks with a staggering 343 million victims.

3 Cybersecurity Stocks to Buy Now: Q3 Edition

e.l.f. Beauty

Toast

V.F.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

This Gap Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

It's about as embarrassing of a situation as a telecommunications firm can find itself in. Recently, AT&T (NYSE: T ) revealed that it suffered a major data breach.

News for Fortinet Stock (FTNT)