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

General and administrative

Gain on intellectual property matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

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Growth

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 Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

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Earnings data Q3 2024

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.

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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.

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Fortinet's (FTNT) multi-cloud security solutions, which are part of the Fortinet Security Fabric, have been chosen by leading organizations to achieve secure migration of workloads to cloud.

Fortinet to Secure Cloud Environments of 4 Major Companies

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

Fortinet (FTNT) Down 16.9% Since Last Earnings Report: Can It Rebound?

Fortinet stock has been through a lot since its IPO in 2009, but cybersercurity stocks have an edge over most stocks, making FTNT a buy.

3 Reasons to Buy Fortinet Stock on This Dip

The cybersecurity stock continues to be volatile but posted big gains over the last year.

Why Fortinet Stock Gained 11.3% in April

The company isn't feeling some of the headwinds other companies are facing.

Fortinet Expects Another Solid Year

Citi Research analyst Walter Pritchard downgraded shares of cybersecurity company Fortinet Inc.  to sell from neutral on Friday after the company beat earnings expectations with its first-quarter report a day earlier.

Fortinet stock falls after Citi downgrades to sell

Shares of cybersecurity company Fortinet Inc. FTNT, -8.03% are down more than 7% in Friday morning trading, after the company reported an earnings beat but delivered in-line sales in its March-quarter report.

Fortinet stock falls after earnings, but analysts are boosting their targets

Fortinet's (FTNT) first-quarter results benefit from strength across all its segments.

Fortinet's (FTNT) Q1 Earnings & Revenues Beat Estimates

Fortinet, Inc. (FTNT) CEO Ken Xie on Q1 2019 Results - Earnings Call Transcript

Fortinet earnings and revenue for Q1 beat estimates, but its June quarter outlook only met Wall Street targets. Fortinet stock fell in late action.

Fortinet Earnings, Revenue Guidance Meet Expectations, Stock Falls

Fortinet Inc. shares declined in the extended session Thursday even after the cybersecurity company's results and guidance topped Wall Street estimates.

Fortinet shares fall even as earnings, outlook top Street view

Is  (FTNT) Outperforming Other Computer and Technology Stocks This Year?

Is Fortinet Outpacing Its Technology Peers This Year?

Fortinet (FTNT) closed at $89.73 in the latest trading session, marking a +0.12% move from the prior day.

Fortinet (FTNT) Stock Moves 0.12%: What You Should Know

Fortinet stock jumped into a buy zone following the cybersecurity firm’s user conference.

Fortinet Stock Grabs Buy Point On Upbeat User Conference

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Companies are still increasing spending on more traditional cybersecurity methods, spurring growth in the market for network security.

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In the latest trading session, Fortinet closed at $85.22, marking a +1.49% move from the previous day.

Fortinet Outpaces Stock Market Gains: What You Should Know

Fortinet's (FTNT) FortiGate Secure SD-WAN is aiding Volkswagen Groupe to attain a safe LAN and WAN integration.

Fortinet (FTNT) Serves Up Secure SD-WAN to Volkswagen Groupe

Investors were happy with the network security company's latest quarterly results.

Why Fortinet Stock Jumped 13% Last Month

Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

News for Fortinet Stock (FTNT)