Revenue segments as reported by the company.

Product

Service

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

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

OpEx Y/Y

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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Archer Aviation

Canaan Inc.

Intel

Planet Labs

Rent the Runway

NuScale Power Corp

Following the remarkable ascent of Nvidia (NASDAQ: NVDA ) last year, it's only natural for investors to consider the top tech stocks to buy for 2024. Yeah, I suppose that NVDA could again be a winner.

7 Tech Stocks Destined to Follow in Nvidia's Footsteps

Amazon

Arista Networks

Broadcom

Cambium Networks Corp

Cisco Systems

Dell Technologies

Extreme Networks

Hewlett Packard

Juniper Networks

Palo Alto Networks

Splunk

Ubiquiti Inc

We have our first big merger of 2024. Hewlett Packard Enterprise (NYSE: HPE ) is buying Juniper Networks (NYSE: JNPR ) for about $14 billion.

Don't Bet on Tech M&A Wave Following HPE-JNPR Deal

CyberArk Software

Inflation has moved into an endemic phase. The annual rate of inflation is much closer to the Federal Reserve's target rate of around 2%.

3 Stocks Winning the War Against Cyber Threats

Apple

Alphabet

Paycom Software

Royal Caribbean Cruises

Moderna

The S&P 500 is within striking distance of entering official bull market territory. To qualify, the index would need to rise more than 20% from its previous low and hit a new all-time high.

7 S&P 500 Stocks to Buy to Keep the Bull Market Running

American Airlines

Alaska Air Group

Advanced Micro Devices

Boeing

Eli Lilly

NVIDIA

Invesco QQQ

Snowflake

A rally of 1.43% on January 8 brought the broad index back above its 5-day and 10-day lines, as American Airlines Group Inc. NASDAQ: AAL, Arista Networks Inc. NYSE: ANET, Nvidia Corp. NASDAQ: NVDA, Advanced Micro Devices NASDAQ: AMD and Fortinet Inc. NASDAQ: FTNT led the market higher.

Where will S&P 500 go after new bullish levels?

Fortinet is a leading company in the cybersecurity sector, with a strong business model that combines software and hardware solutions. The company has a large total addressable market and expects double-digit growth in both the hardware and services segments. Fortinet's management team, led by the founders, has a proven track record of effective capital allocation and a focus on long-term sustainability.

Fortinet: A Nice Way To Surf A Macro Trend

CrowdStrike

Microsoft

Zscaler

Markets are heading into jobs Friday in a distinctly sour mood, with futures indicating the S&P 500 may take its 2024 losing streak to four sessions.

These stocks mostly doubled last year but are still the place to be, says Bank of America

Axcelis Technologies

Expedia

Gilead Sciences

Netflix

The Nasdaq 100 had a banner year. After a disastrous 2022 that saw the tech-laden index lose one-third of its value, it rebounded sharply in 2023 soaring 55% to hit a new all-time high.

Nasdaq 100 Alert: 7 Undervalued Tech Stocks Ready to Rocket in 2024

SUNNYVALE, Calif., Jan. 02, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its fourth quarter and Full Year 2023 financial results on Tuesday, February 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet to Announce Fourth Quarter and Full Year 2023 Financial Results

The cost of cybercrime is increasing rapidly, creating a growing need for cybersecurity solutions.

Fortinet: Looks Undervalued As Continued Growth Could Be Fueled By AI

Adobe

Micron Technology

The technology sector will continue to be one of the sectors for investors to buy in 2024. However, many investors are looking for tech stocks to buy that don't include the Magnificent 7, which led the sector in 2023.

3 Tech Stocks to Buy Before They Take Off in 2024

Cyberattacks continue to grow each year. It's a profitable industry for hackers, but companies can protect themselves with cybersecurity software and services.

Cybersecurity Saviors: 3 Stocks Safeguarding the Digital Future

Cloudflare

The internet makes it easier for people to communicate with each other and access relevant information. While the digital evolution has yielded many benefits, there are also many openings.

Best Cybersecurity Stocks 2024: 3 Names to Add to Your Must-Buy LIst

Check Point Software Technologies

In an era dominated by digital transformation, the interest in cybersecurity stocks has never been more pronounced. As both people and businesses increasingly rely on advanced technologies, the threat of cyberattacks becomes a growing concern.

Next Big Thing: 3 Cybersecurity Stocks You Should Not Ignore

Fortinet (FTNT) announces the latest release of new, integrated operational technology (OT) security solutions and services, including the Fortinet OT Security Platform.

Fortinet (FTNT) Rolls Out New OT Security Solutions & Services

New FortiSwitch 424F, FortiExtender Vehicle 211F, and enhanced FortiGuard OT Security Service were designed specifically to connect and protect OT environments New FortiSwitch 424F, FortiExtender Vehicle 211F, and enhanced FortiGuard OT Security Service were designed specifically to connect and protect OT environments

Fortinet Advances the Industry's Most Comprehensive Operational Technology Security Platform

Etsy

Target

Not every stock is a winner. While every investor knows this truth, many people learn this lesson first-hand as some of their stocks end up with net losses.

Tax-Loss Harvesting? 3 Smart Stocks for Your Sell List

Fortinet (FTNT), in collaboration with Arqit and BT, introduce a Quantum-Safe VPN designed to safeguard against evolving cyber threats.

Fortinet (FTNT) Arqit, BT Launch Quantum-Safe VPN Solution

Fortinet (FTNT) reachead $55.35 at the closing of the latest trading day, reflecting a +0.56% change compared to its last close.

Fortinet (FTNT) Rises Yet Lags Behind Market: Some Facts Worth Knowing

Fortinet (FTNT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FTNT broke through the 50-day moving average, which suggests a short-term bullish trend.

Fortinet (FTNT) Recently Broke Out Above the 50-Day Moving Average

After reaching an important support level, Fortinet (FTNT) could be a good stock pick from a technical perspective. FTNT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Fortinet (FTNT) Just Overtook the 20-Day Moving Average

Fortinet harnesses more than a decade of AI innovation and deep threat expertise to empower customers with a cutting-edge GenAI tool that upskills cybersecurity teams Fortinet harnesses more than a decade of AI innovation and deep threat expertise to empower customers with a cutting-edge GenAI tool that upskills cybersecurity teams

Meet Fortinet Advisor, a Generative AI Assistant that Accelerates Threat Investigation and Remediation

Perion Network

Symbotic Inc

Some stocks outpace the market and reward investors who hold onto their shares for many years. While these types of stocks tend to fall the hardest during corrections, they also roar back with incredible might when the economy starts rolling again.

From $100 to $300: These 3 Stock Winners Won't Quit in 2024

Start Time: 15:45 January 1, 0000 4:15 PM ET Fortinet, Inc. (NASDAQ:FTNT ) Barclays Global Technology Conference December 06, 2023, 15:45 PM ET Company Participants Michael Xie - Founder and Chief Technology Officer Peter Salkowski - SVP of Finance and IR Conference Call Participants Saket Kalia - Barclays Operator Saket Kalia Good afternoon, everyone. Welcome to day one of the Barclays Tech Conference.

Fortinet, Inc. (FTNT) Presents at Barclays Global Technology Conference (Transcript)

News for Fortinet Stock (FTNT)