SUNNYVALE, Calif., Jan. 02, 2025 (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 2024 financial results on Thursday, February 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Fortinet's financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://inv ...

Fortinet (FTNT) closed the latest trading day at $97.81, indicating a +1.44% change from the previous session's end. This move outpaced the S&P 500's daily gain of 1.1%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, added 1.35%.The network security company's stock has climbed by 3.54% in the past month, falling short of the Computer and Technology sector's gain of 5.09% and outpacing the S&P 500's gain of 0.22%.Investors will be eagerly watching for the performance of Fortinet in its ...

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As technology continues to shape our world, the digital realm has become both a catalyst for progress and a hotbed for security threats. 2025 presents a formidable cybersecurity landscape defined by escalating risks and a rapidly evolving threat matrix. This environment poses significant challenges for individuals, businesses and governments, demanding robust solutions to safeguard digital resilience.Cyber threats are now more diverse and sophisticated than ever, ranging from ransomware attacks and supply-c ...

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As artificial intelligence (AI) continues its transformative march across industries, 2025 is poised to be a watershed year where AI is set to transition from experimental technology to an indispensable business driver. Four companies have emerged as pivotal players to capitalize on the AI revolution: Fortinet (FTNT) , Taiwan Semiconductor Manufacturing Company (TSM) , Palantir Technologies (PLTR) and NVIDIA (NVDA) . As AI integration becomes increasingly critical across industries, these tech titans are po ...

Fortinet, Inc. (NASDAQ:FTNT) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:55 PM ET Company Participants Michael Xie - Founder, President and Chief Technology Officer Keith Jensen - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Saket Kalia All right. Well, hey, good afternoon, everyone. Welcome to day one of the Barclays Tech Conference. My name is Saket Kalia. I cover software here. I'm honored to have with us the team here from Fortinet. So we've got M ...

Company and Industry Overview * **Company**: Fortinet, Inc. (NASDAQ: FTNT) * **Industry**: Network Security, Unified SASE, SecOps Key Points and Arguments 1. **Secure Networking Growth**: Fortinet expects a normalized growth rate of approximately 7% in the network security market, driven by factors such as: * **OT Market**: Robust growth in the Operational Technology (OT) market, where Fortinet has a leadership position. * **Regulatory Influence**: Increased regulatory influence, including cyber insurance companies and governmental regulators, driving new firewall use cases. * **Convergence of Switches and Access Points**: Strong customer demand for automation and consolidation functions provided by switches and access points. * **Firewall Upgrade Cycle**: A significant firewall upgrade cycle in 2025 due to end of support in 2026 for products announced in 2021, potentially contributing $400 million to $450 million in incremental product billings. 2. **Unified SASE**: Fortinet's SASE offering includes SSE (Secure Service Edge), SD-WAN, and other cloud functionalities. SD-WAN currently represents over half of the unified SASE mix, with SSE expected to be the fastest-growing component. 3. **SecOps**: Fortinet leverages its data lake to aggregate security data from various sources and offer features like SIEM and SOAR, providing a comprehensive view of security across different geolocations and devices. 4. **Financial Targets**: Fortinet expects a greater than 12% CAGR on billings and revenue over the next three to five years, driven by growth in all three business segments. 5. **Product Gross Margins**: Fortinet's product gross margins have improved due to factors such as reduced supply chain costs and inventory optimization. Normalized product gross margins are expected to be in the 65% to 67% range. 6. **Operating Margins**: Fortinet has raised its long-term operating margin target to 30% plus, driven by factors such as investment in go-to-market initiatives, channel development, and leveraging cost advantages. 7. **Security Spending Environment**: Both Michael Xie and Keith Jensen agree that security remains a top priority for enterprise customers, driven by the increasing threat environment and the need for robust cybersecurity solutions. Additional Important Points * Fortinet has built a significant number of Points of Presence (PoPs) and data centers to support its SASE offerings, providing operational and economic advantages. * Fortinet's sales team and channel partners are well-positioned to capitalize on the growing demand for cybersecurity solutions. * The threat environment remains elevated, and CISOs and CIOs are actively seeking solutions to protect their organizations.

Fortinet's (FTNT) impressive 65.1% surge year to date, outpacing the Zacks Computer and Technology sector’s return of 32.4% and many of its tech sector peers, underscores its strengthening position in the cybersecurity sector. The cybersecurity market continues to expand as digital transformation accelerates globally. Fortinet's integrated approach to security and networking positions it favorably to capture this growth. The company's strong product portfolio, strategic expansions and focus on innovation pr ...