Revenue segments as reported by the company.

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Service

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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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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.

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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 is a leader in defending against growing cybersecurity threats.

Should You Buy Fortinet After Its Recent Stock Split?

Fortinet Inc. stock (NASDAQ: FTNT) is down 11% in the past week (five trading days), performing much worse than the S&P 500 which was up 0.5% over this period.

Can Fortinet Stock Recover From Post-Earnings Slide?

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Fortinet's weak guidance causes sell-off among cybersecurity stocks, while MercadoLibre shares are rocketing higher after stellar quarterly results.

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Fortinet's (FTNT) second-quarter results reflect gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

Fortinet's (FTNT) Q2 Earnings Top Estimates, Revenues Match

Despite strong quarterly results delivered after the bell Wednesday, investors latched onto management's slightly disappointing revenue guidance.

Why Fortinet Stock Stock Is Falling Hard Today

Fortinet Inc. FTNT, -15.91% shares were on track for their worst day in nearly seven years Thursday after the cybersecurity company reported a slight beat on earnings and an unimpressive outlook. Fortinet shares dropped as much as 17% to an intraday low of $52, putting them on track for their worst one-day performance since Oct. 23, 2015, when they dropped 19%.

Fortinet stock on track for worst day in nearly 7 years

The software company lowers its fiscal-year forecast for service revenue to $2.62 billion to $2.67 billion, down from previous expectations of $2.64 billion to $2.7 billion.

Fortinet Stock Slumps on Cut to Service Revenue Guidance

Fortinet, Inc. (NASDAQ:FTNT ) Q2 2022 Results Conference Call August 3, 2022 4:30 PM ET Company Participants Peter Salkowski - VP, IR Ken Xie - Founder, Chairman and CEO Keith Jensen - CFO Conference Call Participants Brian Essex - Goldman Sachs Fatima Boolani - Citibank Adam Borg - Stifel Saket Kalia - Barclays Adam Tindle - Raymond James Michael Turits - KeyBanc Keith Bachman - BMO Shaul Eyal - Cowen Hamza Fodderwala - Morgan Stanley Gray Powell - BTIG John Weidemoyer - William Blair Gregg Moskowitz - Mizuho Andrew Nowinski - Wells Fargo Roger Boyd - UBS Operator Good day, and thank you for standing by. Welcome to the Fortinet Second Quarter Earnings Call.

Fortinet, Inc. (FTNT) CEO Ken Xie on Q2 2022 Results - Earnings Call Transcript

Fortinet (FTNT) delivered earnings and revenue surprises of 9.09% and 0.43%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Fortinet (FTNT) Tops Q2 Earnings and Revenue Estimates

Fortinet Inc. FTNT, +4.16% shares fell in the extended session Wednesday after some of the cybersecurity company's outlook slipped below the Wall Street consensus following a slight beat. Fortinet shares dropped 11% after hours, following a 4.2% rise in the regular session to close at $62.88.

Fortinet stock falls following split outlook

Fortinet reported second-quarter earnings, revenue and billings that topped estimates but revenue guidance came in below expectations. The post Fortinet Stock Falls On Weaker-Than-Expected Revenue Outlook appeared first on Investor's Business Daily.

Fortinet Stock Falls On Weaker-Than-Expected Revenue Outlook

Fortinet Reports Second Quarter 2022 Financial Results

New FortiGate 4800F series of hyperscale firewalls enables enterprises and MNOs to concurrently run more applications while reducing their physical footprint and more effectively securing their networks New FortiGate 4800F series of hyperscale firewalls enables enterprises and MNOs to concurrently run more applications while reducing their physical footprint and more effectively securing their networks

Fortinet Introduces the World's Fastest Compact Firewall for Hyperscale Data Centers and 5G Networks

Fortinet (FTNT) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Fortinet (FTNT) is a Solid Choice

PHILADELPHIA--(BUSINESS WIRE)--Comcast Business today announced a strategic partnership with Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, to deliver enterprises a new set of secure access service edge (SASE), and security service edge (SSE) solutions to help enterprises protect their distributed workforces using a cloud-delivered approach to security policy enforcement. This collaboration expands Comcast Business's managed services expert

Comcast Business Partners with Fortinet to Secure Enterprise Application Access with New SASE and SSE Solutions

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FortiCNP simplifies cloud security, accelerates risk management, and delivers near-real-time threat protection with zero-permission malware detection capabilities FortiCNP simplifies cloud security, accelerates risk management, and delivers near-real-time threat protection with zero-permission malware detection capabilities

Fortinet Empowers Teams to Proactively Manage Cloud Risk with New Cloud-native Protection Offering, Available Now on AWS

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Fortinet Stock: Bear vs. Bull

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Wedbush raised its Fortinet Inc. FTNT, -0.67% stock price to $76 from $68 on Tuesday, citing the cybersecurity company's recent stock split and an increasingly complex cyber threat environment. "While a slowing macro and potential recession are being closely watched, priorities are clear for CIOs [Chief Information Officers] and CISOs [Chief Information Security Officers] in this environment as protecting enterprises against rising sophisticated threats is a major issue for Boards and C- Level with more data migrating to the cloud and vulnerabilities across the board (endpoints, mobile, access levels),"wrote Wedbush analyst Dan Ives, in a note.

Fortinet stock price target raised at Wedbush, citing stock split and increasing cyber threats

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