Fortinet’s (FTNT) Cybersecurity Hardware Sales are Still Weak; Stock is Strong
March 6, 2024
Fortinet (FTNT) is seeing a slowdown in Product sales (-10%) while Service sales are doing well (+25%) as the stock flies higher.
Research Reports
Fortinet (FTNT) Stock Sinks as Cybersecurity Network Hardware Sales Slow
November 17, 2023
Fortinet (FTNT) stock has been under pressure as Product salesgrwth has slipped from +30% to +18% to -1% the past three quarters.
Fortinet’s (FTNT) Product Sales Slow from +30% to +18% as Shares Drop
August 28, 2023
Forint’s (FTNT) product revenue slowed from +30% to +18% last quarter as hardware growth was weak. But a new firewall is coming.
Fortinet (FTNT) Profit Growth Jumps 79% While Billings Continue to Climb
June 22, 2023
Fortinet (FTNT) stock has been a winner this year as profits contunue to roll in while billings keep growing 30%-plus per quarter.
Cybersecurity Stock Fortinet (FTNT) Jumps After Profits Climb 76%
March 3, 2023
Fortinet (FTNT) is one of our favorite cybersecurity stocks. And the stock proved its worth when it broke out after earnings.
Cybersecurity Stock Fortinet (FTNT) Could Have a Banner Year in 2023
December 30, 2022
Fortinet (FTNT) Luis under-loved by investors as it continues to deliver 30% revenue growth while the stock slides lower.
Fortinet (FTNT) is a Quality Cybersecurity Stock With Good Profits
August 23, 2022
Fortinet (FTNT) is a little-known cybersecurity stock. But the companyhas a lot of good things going for it, namely good profits.
Fortinet’s (FTNT) in a Period of Sustained High Growth for Cybersecurity
June 27, 2022
Fortinet (FTNT) is experiencing exceptionally strong demand that continues to exceed supply, with bookings up 50% year-over-year.
Cybersecurity Stock Fortinet’s (FTNT) Chart is Cause for Concern
March 15, 2022
Fortinet (FTNT) helped Ukraine with its cybersecurity during its crisis with Russia. But FTNT stock is acting rather weak here.
Fortinet Has Momentum as Ransomeware Climbs 10x in 12 Months
December 23, 2021
Fortinet (FTNT) has more demand for its cybersecurity products as randsomeware detections jumped 10x in a 12-month period
Fortinet’s Run Could Be Done as Profit Growth Slows
October 12, 2021
Fortinet (FTNT) went from $125 to $300 in a year, but now the run may be done as profit growht slowed and the P/E of 77 is rich.
Fortinet Keeps Trending Higher as Cybersecurity is Hot
July 13, 2021
Fortinet (FTNT) is a cybersecurity company with good profits, and a hot stock. And its been raking in $1 million deals.
Fortinet is a One-Stop Shop for Cybersecurity
April 2, 2021
Fortinet (FTNT) is a one-stop shop for cybersecurity, and the company is solid. Its been cranking out profits for years
Fortinet Provides Good Value for a Cybersecurity Stock
December 13, 2020
Firtinet (FTNT) isn’t a flashy high-octane cyber security stock. Its been a 30%-plus grower and has a reasoable P/E of 35.
Fortinet is the Cybersecurity Stock You Can Depend On
September 22, 2020
In a land of stock market volatility, cybersecurity stocks are risky. We think Fortinet (FTNT) is one you can depend on.
Fortinet is a Safer Investment in a Cyber Security Stock
July 9, 2020
Fortinet (FTNT) is a “safer” cyber security stock that is making profits, buying back stock and is breaking out to new highs.
Earnings
FTNT 2024 Q2
May 2, 2024
Fortinet (FTNT) is expected to report qtrly profits (EPS) and revenues:
- Profits Estimates: $0.39 vs. $0.34 = +15%
- Revenue Est: +6%
FTNT 2024 Q1
February 6, 2024
Fortinet (FTNT) reports qtrly profits (EPS) and revenues:
- Reported: $0.51 vs. $0.44 = +16%
- Estimates: $0.43 vs. $0.44 = -2%
- Beat the street by $0.08
- Revenue: +10%
- Revenue Est: +10%
FTNT 2023 Q4
November 2, 2023
Fortinet (FTNT) reports qtrly profits (EPS) and revenues:
- Reported: $0.41 vs. $0.33 = +24
- Estimates: $0.36 vs. $0.33 = +9%
- Beat the street by $0.05
- Revenue: +16%
- Revenue Est: +17%
FTNT 2023 Q3
August 3, 2023
Fortinet (FTNT) reports qtrly profits (EPS) and revenues:
- Reported: $0.38 vs. $0.24 = +58%
- Estimates: $0.34 vs. $0.24 = +42%
- Beat the street by $0.04
- Revenue: +26%
- Revenue Est: +27%
FTNT 2023 Q2
May 4, 2023
Fortinet (FTNT) reports qtrly profits (EPS) and revenues:
- Reported: $0.34 vs. $0.19 = +79%
- Estimates: $0.29 vs. $0.19 = +53%
- Beat the street by $0.05
- Revenue: +32%
- Revenue Est: +26%
FTNT 2023 Q1
February 7, 2023
Fortinet (FTNT) reports qtrly profits (EPS) and revenues:
- Reported: $0.44 vs. $0.25 = +76%
- Estimates: $0.39 vs. $0.25 = +56%
- Beat the street by $0.05
- Revenue: +33%
- Revenue Est: +34%
FTNT 2022 Q4
November 2, 2022
Fortinet (FTNT) reports qtrly profits (EPS):
- Reported: $0.33 vs. $0.20 = +65%
- Estimates: $0.27 vs. $0.20 = +35%
- Beat the street by $0.06
- Revenue: +33%
FTNT 2022 Q3
August 3, 2022
Fortinet (FTNT) reports qtrly profits (EPS):
- Reported: $0.24 vs. $0.19 = +26%
- Estimates: $0.22 vs. $0.19 = +16%
- Beat the street by $0.02
- Revenue: +29%
FTNT 2022 Q2
May 4, 2022
Fortinet (FTNT) reports qtrly profits (EPS):
- Reported: $0.94 vs. $0.81 = +16%
- Estimates: $0.79 vs. $0.81 = -2%
- Beat the street by $0.15
- Revenue: +34%
FTNT 2022 Q1
February 3, 2022
Fortinet (FTNT) reports qtrly profits (EPS):
- Reported: $1.23 vs. $1.06 = +16%
- Estimates: $1.15 vs. $1.06 = +9%
- Beat the street by $0.08
- Revenue increased 29%