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Fortinet's SASE category accounts for nearly 25% of its revenue, and it's expanding rapidly. The company reported 24% year-over-year growth in service revenue last quarter, and it's forecasting 18 ...
Dan Victor, The Motley Fool. June 9, 2024 at 3:50 AM. Shares of Fortinet (NASDAQ: FTNT) are down 27% from their 52-week high. The sell-off stems from a string of weaker-than-expected results and ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Fortinet wasn’t one of them. The 10 stocks that made the cut ...
Fortinet, Inc. is a cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls, endpoint security and intrusion detection systems. Fortinet has offices located all over the world. Brothers Ken Xie and Michael Xie founded Fortinet in 2000.
Ken Xie (Chinese: 谢青; pinyin: Xiè Qīng) is an American billionaire businessman who founded Systems Integration Solutions (SIS), NetScreen, and Fortinet. He is CEO of Fortinet, a cybersecurity firm based in Silicon Valley. Xie was previously the CEO of NetScreen, which was acquired by Juniper Networks for $4 billion in 2004.
It now expects revenue to be in the range of $5.745 billion to $5.845 billion (previously guided to $5.715 billion to $5.815 billion three months ago), implying growth over 2023 of just over 9% at ...
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Fortinet's adjusted EPS rose 37% in 2023, but it expects just 6%-10% growth in 2024 as it ramps up its spending on its development of new ASIC chips. Palo Alto Networks trades at 48 times forward ...