Q1 2024 Financial Results May 2, 2024 Safe Harbor Statement Information, statements and projections contained in these presentation slides and related conference call concerning Fortinet’s business outlook, the second quarter and full year 2024 guidance, and future prospects and expectations are forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding any indications related to future growth and market share gains, our strategy going forw ...

Press Release Fortinet Reports First Quarter 2024 Financial Results First Quarter 2024 Highlights • Total revenue of $1.35 billion, up 7% year over year • Service revenue of $944 million, up 24% year over year • GAAP operating margin of 23.7% • Non-GAAP operating margin of 28.5%1 • Cash flow from operations of $830 million • Free cash flow of $609 million1 SUNNYVALE, Calif. - May 2, 2024 - Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today annou ...

SUNNYVALE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Generative AI is reshaping network and security operations, supporting IT and cyber professionals to do more, faster. Fortinet is committed to remaining at the forefront of AI innovation, and by expanding FortiAI, our context-aware GenAI assistant, we're continuing to empower operations teams with advanced natural language processing capabilities. The latest updates to FortiAI deliver innovative new ways ...

SUNNYVALE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Networks are growing in complexity and scope, and they require high performance and advanced security at the edge. We designed the FortiGate 200G series to serve as a new approach for perimeter security with the computing power and AI-enhanced protections enterprises need within the campus. Built on our latest proprietary ASIC, the SP5, this new next-gen firewall will empower customers to meet evolving b ...

The Zacks Internet Software industry is anticipated to have witnessed a steady performance in the first quarter of 2024, driven by continued demand for digital transformation and the increasing need for remote working amid heightened geopolitical risks, rising inflation and high interest rates.The rapid adoption of Software-as-a-Service (SaaS) models and the increasing need to secure cloud platforms amid the increasing incidences of cyber-attacks have accelerated demand for software solutions. The demand fo ...

Fortinet (FTNT) is scheduled to report first-quarter 2024 results on May 2, after market close.The cybersecurity firm projects revenues between $1.3 billion and $1.36 billion. The Zacks Consensus Estimate for the same is pegged at $1.33 billion, suggesting year-over-year growth of 5.73%.The company forecasts first-quarter non-GAAP earnings in the range of 37-39 cents per share. The consensus mark is pegged at 38 cents per share, implying a rise of 11.76% from the year-ago figure of 34 cents.Fortinet’s earni ...

We’re still not prepared for cyberattacks. That includes the U.S. government, hospitals, corporations and millions of people all over the world. Most recently, telecom Frontier Communications (NASDAQ:FYBR) was forced to shut down certain systems following an attack on when a third party “gained unauthorized access to portions of its information technology environment,” as noted by Seeking Alpha. All of which is creating a big opportunity for leading, multibagger cybersecurity stocks.Small medical practices ...

Fortinet Recognized in Eight Gartner® Magic Quadrant™ Reports, Based on the Fortinet Security Fabric Platform SUNNYVALE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Fortinet is the only vendor recognized in the Gartner® Magic Quadrant™ reports for Security Service Edge, SD-WAN, Single-Vendor SASE, Network Firewall, and Enterprise Wired and Wireless LAN Infrastructure. All five network security offerings from Fortinet are uniquely built on one operating sys ...

In the latest trading session, Fortinet (FTNT) closed at $64.68, marking a -0.08% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.12%.Coming into today, shares of the network security company had lost 4.17% in the past month. In that same time, the Computer and Technology sector lost 0.55%, while the S&P 500 lost 0.9%.Market participants will be closely following the financial results of ...

SUNNYVALE, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet"Our commitment to sustainability is critical to help address today's societal challenges while supporting the long-term success and resilience of our business. As part of this commitment, our work in building a safer digital world has become mission-critical and essential to our society and economy. While we are proud of the progress in this year's sustainability report, we are mindful that ad ...