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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.

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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.

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Fortinet Among the Top Sustainable Companies in the Software and Services Industry Fortinet Among the Top Sustainable Companies in the Software and Services Industry

Fortinet Named to 2022 Dow Jones Sustainability World and North America Indices

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Fortinet (FTNT) expands the global presence of its Secure SD-WAN solution as five new MSSPs select the architecture to drive better business outcomes and enhance customers' experiences.

Fortinet (FTNT) Expands SD-WAN Footprint With MSSP Partnerships

MSSPs continue to invest in Fortinet Secure SD-WAN for its ability to converge networking and security to build services that help solve their customers' biggest digital transformation challenges MSSPs continue to invest in Fortinet Secure SD-WAN for its ability to converge networking and security to build services that help solve their customers' biggest digital transformation challenges

Fortinet Expands Global Secure SD-WAN Presence with New MSSP Partnerships

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Call Start: 12:50 January 1, 0000 1:25 PM ET Fortinet, Inc. (NASDAQ:FTNT ) Barclays 2022 Global Technology, Media and Telecommunications Conference Call December 7, 2022 12:50 ET Company Participants Peter Salkowski - Vice President of Investor Relations Ken Xie - Founder, Chairman & Chief Executive Officer Conference Call Participants Saket Kalia - Barclays Saket Kalia Good morning, everyone. Welcome to day 1 of the Barclays TMT Conference.

Fortinet, Inc. (FTNT) Barclays 2022 Global Technology, Media and Telecommunications Conference (Transcript)

Feedback from large enterprises with more than $1 billion in revenue and up to 8,500 sites highlights the value of Fortinet Secure SD-WAN to reduce network disruption, mitigate risks, and improve time to issue resolution Feedback from large enterprises with more than $1 billion in revenue and up to 8,500 sites highlights the value of Fortinet Secure SD-WAN to reduce network disruption, mitigate risks, and improve time to issue resolution

Fortinet Secure SD-WAN Delivers 300% ROI Over Three Years and Payback in Eight Months, New Independent Study Finds

We are buy-rated on Fortinet. We believe Fortinet's position in the cybersecurity industry makes it relatively recession-resilient. We expect demand tailwinds in Fortinet's cybersecurity solutions, driven by the increased global digitalization and hybrid-work environment post-pandemic.

Fortinet: Cybersecurity - What Recession?

The consensus price target hints at a 29.5% upside potential for Fortinet (FTNT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Fortinet (FTNT) Could Surge 29%: Read This Before Placing a Bet

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Fortinet is a global cybersecurity company, which is a leader in state-of-the-art firewalls. The company beat both revenue and earnings growth estimates for the third quarter of 2022.

News for Fortinet Stock (FTNT)