Fortinet (FTNT)

[investar]

(still vested)

https://www.itp.net/security/91072-new- ... ity-in-iot

"In addition, the lack of collaboration between Information Technology (IT) and Operational Technology (OT) teams represents another cybersecurity barrier for organizations that want to take full advantage of IT/OT convergence to increase their business benefits."

Earnings on 5/2

In anticipation, Oppenheimer raised target to 130$

[investar]

interesting call after the results (which were solid beats on earnings and sales, but the guidance was mixed).
Great results overall, to keep beating estimates every quarter they probably need to
stock -3% but still very close to the high of 122$

https://seekingalpha.com/article/432249 ... esentation

Ken Xie

Thanks, Peter, and thank you to everyone for joining today’s call to review our fourth quarter and full-year 2019 results. We are pleased with our very strong fourth quarter performance. Builders increased 24% to $802 million driven by solid execution and growth across each of our markets EMEA and APAC.

Revenue increased 21% to $640 million with product revenue up 19% and service revenue up 23%. Non-GAAP operating margin was 27%. For 2019 builders increased 21% to $2.6 billion. Revenue was up 20% to $2.2 billion and our non-GAAP operating margin was 25%. This strong result was driven by our advanced FortiGate technology with SPU and Secure SD-WAN, our integrated security fabric platform and hybrid multi-cloud offerings.

[investar]

Fortinet disrupts the network firewall marketplace:

https://www.fortinet.com/corporate/abou ... mance.html


results very soon

[investar]

and the results were "perfection":

Fortinet (NASDAQ:FTNT): Q1 Non-GAAP EPS of $0.60 beats by $0.10; GAAP EPS of $0.60 beats by $0.33.

Revenue of $576.9M (+22.1% Y/Y) beats by $22.68M.

Yes, +22% to new all time high of 136$
Probably on its way even higher, but for me it is enough. Crazy rally

[winston]

not vested

OUR DIGITAL WORLD DEPENDS ON THIS COMPANY

Fortinet (FTNT) is a $45 billion cybersecurity company. It protects some of the largest enterprises, service providers, and government organizations in the world through its cybersecurity hardware and software.

Its suite of subscription services – FortiGuard – offers things like next-generation firewalls, web-filtering, e-mail security, and malware protection.

Customers keep needing more of this safety... In the latest quarter, the company raked in total sales of $710 million – up 23% year over year.

As you can see, FTNT shares have surged more than 200% over the past two years. They recently hit a fresh all-time high, too. And as long as we depend on cybersecurity companies to protect our digital world, this uptrend should continue...

Source: Daily Wealth