UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34511 ______________________________________ FORTINET, INC. (Exact name of registrant as specified in its charter) ________________________ ...

Cybersecurity stocks are capturing the spotlight as high-profile hacking incidents escalate.Moreover, with the buzz around artificial intelligence (AI) intensifying, investor interest in cybersecurity solutions continues to surge. Furthermore, anticipated federal government spending boosts in 2024 should propel the cybersecurity sector even further. In an era where digital threats are becoming increasingly sophisticated, cybersecurity companies play a critical role in safeguarding both business owners and c ...

Investing in the stock market can help individuals achieve their long-term financial goals sooner. While funds and blue-chip stocks can generate stable returns, some investors pursue growth stocks for greater potential.When growth stocks get rolling, they can comfortably outperform the market and generate value for shareholders. Many growth stocks have frothy valuations that can get smoothed out over time if financial growth remains strong. Many high-profile growth stocks captivate investors, but a few hidd ...

One of the leading cybersecurity pure-plays, Fortinet (FTNT 2.13%), just put some investor worry to rest. During the second half of 2023, Fortinet's firewall and security hardware business hit a wall after setting the world ablaze the last few years. Ample concern cropped up that this down cycle could be different from other cybersecurity hardware downturns of the past. Shares of Fortinet closed out last year with market-lagging returns (as measured against the Nasdaq Composite index). But Fortinet is off t ...

Fortinet Inc (NASDAQ:FTNT) stock is lifting the cybersecurity sector today, after the company's stronger-than-expected fourth-quarter results, announced after yesterday's close. FTNT has pared gains since its earlier surge to $73.91, but was still up 2.2% at $68.97 at last check.No fewer than 21 analysts lifted their price targets on the equity after the report, bringing the 12-month consensus price target to $74.42. Over the last month, Fortinet stock saw two downgrades despite its recent uptrend, but anal ...

Fortinet Inc. (FTNT) reported strong fourth-quarter 2023 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Moreover, both the top and bottom lines registered a steady year-over-year improvement.Fortinet reported fourth-quarter 2023 non-GAAP earnings per share (EPS) of 51 cents, which topped the Zacks Consensus Estimate by 18.6%. The bottom line improved 15.9% from the year-ago quarter’s earnings of 24 cents per share.Total revenues of $1.415 billion beat the consensus mark ...

Key TakeawaysFortinet shares jumped after the company topped analysts' fourth-quarter earnings and billings expectations amid strong demand for cybersecurity solutions.The company said it closed six deals in the fourth quarter that were each valued at over $10 million.The Fortinet share price may encounter resistance around $80.50 from the July swing high, which is also the stock's all-time high. Fortinet, Inc. Source: TradingView.com.Cybersecurity solutions company Fortinet, Inc. (FTNT) reported quarter ...

Fortinet (FTNT) reported $1.42 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.3%. EPS of $0.51 for the same period compares to $0.44 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.41 billion, representing a surprise of +0.33%. The company delivered an EPS surprise of +18.60%, with the consensus EPS estimate being $0.43.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

After whiffing big with its previous two earnings reports, Fortinet Inc. delivered upbeat profit and billings numbers for the latest quarter Tuesday, helping to send its stock rocketing. The cybersecurity company generated fourth-quarter net income of $310.9 million, or 40 cents a share, which was nearly flat from the $313.8 million, or 40 cents a share, that Fortinet FTNT, +2.10% logged a year before. On an adjusted basis, the company earned 51 cents a share, while analysts tracked by FactSet were model ...

Cybersecurity firms have tremendous runways due to the rise of hackers and a constant need to keep data safe. Many cybersecurity corporations generate recurring revenue which creates more predictable cash flow and higher growth rates.While you can choose from many cybersecurity stocks, some industry leaders are gaining market share at a faster rate than others. Many cybersecurity equities have outperformed the broader stock market and can deliver more gains for investors. These are some of the top cybersecu ...