Security threats are on the rise. These companies are tackling them head-on. The recent CrowdStrike failure -- in which millions of computers were rendered temporarily useless -- is causing some investors to reflect on cybersecurity stocks. But while CrowdStrike's software error may worry investors who are considering entering the industry, I think there's another takeaway from the disaster: Every company is dependent on cybersecurity. There's been a 75% increase in cloud-computing intrusions over the past ...

Fortinet, Inc. (NASDAQ:FTNT) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Aaron Ovadia - Director of Investor Relations Ken Xie - Founder, Chairman & Chief Executive Officer Keith Jensen - Chief Financial Officer John Whittle - Chief Operating Officer Conference Call Participants Brian Essex - JPMorgan Hamza Fodderwala - Morgan Stanley Fatima Boolani - Citi Gabriela Borges - Goldman Sachs Tal Liani - Bank of America Rob Owens - Piper Sandler Shaul Eyal - TD Cowen Brad Zeln ...

For the quarter ended June 2024, Fortinet (FTNT) reported revenue of $1.43 billion, up 11% over the same period last year. EPS came in at $0.57, compared to $0.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of +2.31%. The company delivered an EPS surprise of +39.02%, with the consensus EPS estimate being $0.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

Fortinet (FTNT) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 39.02%. A quarter ago, it was expected that this network security company would post earnings of $0.38 per share when it actually produced earnings of $0.43, delivering a surprise of 13.16%.Over the last four quarters, th ...

Second Quarter 2024 Highlights Financial Highlights for the Second Quarter of 2024 Press Release Fortinet Reports Second Quarter 2024 Financial Results Record quarterly GAAP and Non-GAAP operating margins Raises 2024 revenue and Non-GAAP operating margin guidance Continuing to invest in the fast-growing Unified SASE and Security Operations markets • Total revenue of $1.43 billion, up 11% year over year • Service revenue of $982 million, up 20% year over year • Record GAAP operating margin of 30.5% • Record ...

Record quarterly GAAP and Non-GAAP operating margins Raises 2024 revenue and Non-GAAP operating margin guidanceContinuing to invest in the fast-growing Unified SASE and Security Operations markets Second Quarter 2024 Highlights Total revenue of $1.43 billion, up 11% year over yearService revenue of $982 million, up 20% year over yearRecord GAAP operating margin of 30.5%Record Non-GAAP operating margin of 35.1%1Cash flow from operations of $342 million SUNNYVALE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- For ...

SUNNYVALE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it has acquired Next DLP, a leader in insider risk and data protection. With this acquisition, Fortinet will improve its position in the standalone enterprise data loss prevention (DLP) market and strengthen its leadership in integrated DLP markets within endpoint and SASE in alignment with Fortinet's business str ...

As we enter the summer of 2024, cybersecurity stocks are regaining the spotlight. The recent uptick in cyberattacks has highlighted the crucial role of robust cybersecurity measures, propelling the industry to the forefront of essential investments. While other tech sectors like AI and semiconductors have captured much of the market’s attention, cybersecurity presents a unique value proposition, especially for investors looking to diversify into high-growth potential areas that offer both stability and nece ...

In the wake of a worldwide IT outage, Fortinet (NASDAQ: FTNT) has emerged as a key player in the cybersecurity sector. While Microsoft (NASDAQ: MSFT) operating systems using CrowdStrike (NASDAQ: CRWD) experienced crashes due to a faulty update, Fortinet saw its stock price rise. Fortinet’s stock climbed 1.19% to $58.82 as investors sought alternatives to CrowdStrike.Fortinet has garnered significant investor attention, partly due to its upcoming financial results for the fiscal quarter ending June 30, 2024. ...

SUNNYVALE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it has completed the acquisition of Lacework, a cloud security and cloud-native application protection platform (CNAPP) trailblazer, effective August 1, 2024. "The addition of Lacework aligns with Fortinet's commitment to protect our customers with innovative solutions that provide consistent security across on-pre ...