财务表现 - 总收入同比增长11%和9%，分别达到14.3亿美元和27.9亿美元[170] - 总毛利同比增长16%和13%，分别达到11.6亿美元和22.1亿美元[171] - 总毛利率同比提升3.7和2.8个百分点，分别达到80.8%和79.2%[172] - 营业利润同比增长57%和37%，分别达到4.37亿美元和7.58亿美元[173] - 营业利润率同比提升8.9和5.6个百分点，分别达到30.5%和27.2%[174] - 公司总收入增长11%，达到14.34亿美元[196] - 服务收入增长20%，达到9.82亿美元[200] - 服务收入占总收入的68%，较上年同期增加5个百分点[197] - 产品收入下降4%，达到4.52亿美元[199] - 总毛利率提升3.7个百分点至80.8%[204][205] - 产品毛利率提升2.6个百分点至65.7%[206] - 服务毛利率提升2.6个百分点至87.8%[203] 收入结构 - 产品收入同比下降4%和12%，主要受到硬件收入下降的影响[178] - 服务收入同比增长20%和22%，主要受益于安全订阅收入的强劲增长[179] - 产品收入下降11.25亿美元，下降12%，主要受硬件收入下降影响[224] - 服务收入增加3.45亿美元，增长22%，主要由于安全订阅收入和技术支持收入增长[225,226] 地理区域分布 - 地理区域收入保持多元化格局，美洲、EMEA和亚太分别占总收入的42%、39%和19%[177] 人员变动 - 员工人数基本保持稳定，从2023年12月31日的13,568人减少至2024年6月30日的13,527人[181] 费用变动 - 研发费用增加1210万美元，增长8%，主要由于人员成本增加880万美元以及折旧费和其他占用相关费用增加200万美元[208] - 销售和营销费用减少1460万美元，下降3%，主要由于人员成本减少1140万美元、营销费用减少550万美元以及汇率变动的有利影响[209] - 一般及行政费用增加670万美元，增长13%，主要由于法律相关费用和其他专业服务费用增加630万美元[210] - 研发费用增加3400万美元，同比增长11%，主要由于人员成本增加2460万美元以支持新产品开发和现有产品的持续改进[235] - 销售和营销费用增加820万美元，同比增长1%，主要由于人员成本增加1030万美元[236] - 一般和行政费用增加830万美元，同比增长8%，主要由于法律和专业服务费用增加1010万美元[237] 利润变动 - 营业利润增加1.582亿美元，增长57%，营业利润率由21.6%提高至30.5%[211] - 利息收入增加670万美元，增长21%，主要由于利率和投资余额上升[212,213] - 所得税费用增加4890万美元，增长177%，实际税率由9%上升至16%[215,216] - 权益法投资亏损增加670万美元，增长126%，主要由于计提800万美元的减值损失[218,219] - 营业利润增加2.059亿美元，同比增长37%，营业利润率由21.6%提高到27.2%[238] - 利息收入增加1830万美元，主要由于利率和投资余额增加[240] - 所得税费用增加6710万美元，同比增长137%，主要由于美国联邦和州税、预提税和海外税的增加[244,245] 现金流变动 - 递延收入余额增长3%至59.06亿美元[188] - 短期递延收入增长4%至29.8亿美元[188] - 自由现金流为3.19亿美元[192] - 现金及现金等价物从2023年12月31日的13.979亿美元增加到2024年6月30日的22.032亿美元[251] - 公司经营活动在截至2024年6月30日的6个月内提供了11.7亿美元的现金流[269] - 经营活动现金流的变化主要源于公司安全订阅服务和技术支持服务的销售增长,导致递延收入增加1.617亿美元[269] - 经营活动现金流的变化还受到应收账款减少3.189亿美元、递延合同成本增加1.36亿美元、递延税资产增加1.303亿美元、存货减少8520万美元等因素的影响[270] - 投资活动现金流主要用于购买固定资产2.45亿美元、投资净支出6970万美元、业务合并支付570万美元[272] - 融资活动现金流主要用于支付股票发行相关税费4350万美元[274] 其他 - 公司批准了5亿美元的股票回购计划，截至2024年6月30日尚有10.3亿美元可用于未来回购[255] - 公司预计2024年下半年资本支出将在7500万美元至1.15亿美元之间[256] - 公司的存货采购承诺从2023年12月31日的6.373亿美元减少到2024年6月30日的5.667亿美元[259] - 公司现有现金及现金等价物和经营活动产生的现金流将足以满足未来至少12个月的需求和计划[269] - 公司市场风险在截至2024年6月30日的6个月内未发生重大变化[275]

Key TakeawaysCybersecurity firm Fortinet topped quarterly sales and profits, boosted by record operating margins, and its shares skyrocketed.Fortinet maintains a strong position in the Secure Access Service Edge (SASE) market.Jefferies analysts increased their price target on Fortinet stock, citing its margin expansion. Fortinet (FTNT) shares took off Wednesday after the cybersecurity firm released a strong set of financial results, posting its highest-ever quarterly operating margin while topping sales and ...

Fortinet (NASDAQ:FTNT) stock is up a staggering 25% today after reporting strong second-quarter earnings results. Indeed, the cybersecurity stock led Wall Street in the morning as the top gainer.Fortinet managed to hardily beat both earnings and revenue estimates in its fiscal second quarter. The company reported earnings of 57 cents per share on revenue of $1.43 billion, compared to estimated earnings of 41 cents on $1.40 billion.This has, predictably, earned the admiration of many a Wall Street analyst, i ...

See how Fortinet outperformed expectations in Q2 2024 and what it means for investors.Shares of Fortinet (FTNT 25.75%) jumped as much as 24.8% higher on Wendesday morning, boosted by a strong earnings report. By 10:30 a.m., the cybersecurity veteran's stock had backed down slightly to a 22.4% gain.Fortinet's second quarter by the numbersFortinet's second-quarter revenue rose 11% year over year, landing at $1.43 billion. Product sales decreased by 4.4% while service revenues jumped 19.8% higher.On the bottom ...

JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Fortinet, Inc. (NASDAQ:FTNT) delivered strong Q2 2024 results that gave investors precisely what they craved, namely, better revenue growth rates, with substantially better profitability. Investors cheered, sending this stock to jump more than 15% premarket. Furthermore, I have revised my neutral rating on this stock to a buy, as I believe that paying around 20x next year's non-GAAP operating profits, together with its very strong balance sheet, ...

Fortinet Inc. (FTNT) reported strong second-quarter 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year.Fortinet reported second-quarter 2024 non-GAAP earnings per share (EPS) of 57 cents, which beat the Zacks Consensus Estimate by 39.02%. The bottom line climbed 50% from the year-ago quarter’s earnings of 38 cents per share.Total revenues of $1.43 billion beat the consensus mark by 2.31% and improved 10.9% year over year, driven by strong grow ...

Key TakeawaysFortinet shares surged in premarket trading on Wednesday after the cybersecurity solutions provider raised its full-year revenue outlook, as enterprise customers increase spending to protect their data and applications from cyberattacks.The company's better-than-expected earnings report looks set create a bullish stock gap on the chart that could lead to a longer-term upside reversal.Amid a post-earnings rally, Fortinet shares could test important chart levels including $62.50, $69, and $73.50. ...

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 ye ...

财务数据和关键指标变化 - 总收入增长11%,达到14.34亿美元 [25] - 服务收入增长20%,占总收入的68.5% [25] - 产品收入下降4%,但好于预期 [26][27] - 软件许可收入增长26%,占产品收入的高单位百分比 [27] - 总毛利率增加360个基点至81.5%,创纪录 [28] - 产品毛利率增加250个基点至66% [29] - 服务毛利率增加240个基点至88.6% [29] - 营业利润率增加820个基点至35.1%,创纪录 [30] 各条业务线数据和关键指标变化 - 统一SASE业务占总收入的23%,增长1个百分点 [9] - 统一SASE业务和SecOps业务的服务收入分别增长27%和36% [25] - 统一SASE和SecOps业务的管道分别增长45%和18% [21] - 大中型企业占统一SASE和SecOps解决方案的86%和82% [22] 各个市场数据和关键指标变化 - 国际新兴市场表现最佳 [24] - 技术和运输行业实现两位数增长,服务提供商和制造业受到更大挑战 [24] 公司战略和发展方向及行业竞争 - 公司持续投资于统一SASE和Secure Ops两大增长领域,通过收购Lacework和Next DLP进一步扩大市场份额 [13][18] - 公司在网络安全和OT安全领域保持领先地位,获得行业内多项认证和奖项 [11][14][15] - 公司认为网络安全市场将在2026年超过传统网络市场,比之前预期提前4年 [8] 管理层对经营环境和未来前景的评论 - 管理层认为2024年可能不会出现完整的防火墙更新周期,更可能在2025年出现 [37][38] - 管理层表示,尽管宏观环境存在挑战,但公司有信心实现2024年全年收入和利润目标 [7] 其他重要信息 - 公司宣布收购Next DLP,进一步完善统一SASE解决方案 [10] - 公司悼念资深财务副总裁Peter Salkowski的逝世 [44][45] 问答环节重要的提问和回答 问题1 **Brian Essex 提问** 询问公司如何实现如此出色的利润率表现,以及可持续性如何 [47][48] **Keith Jensen 回答** 解释毛利率是最大推动因素,公司将继续投资于销售和营销以支持未来增长 [49][50] 问题2 **Hamza Fodderwala 提问** 询问这是否为公司新的利润率基准,还是只是暂时性的 [54][55] **Ken Xie 回答** 解释服务收入占比提升以及产品收入回升将影响利润率,但公司有信心维持较高水平 [56] 问题3 **Tal Liani 提问** 询问公司为何在本季度超出指引但下调了下半年的预期 [68][72] **Keith Jensen 回答** 解释公司将部分第三季度的超额部分调整至全年,以保持全年指引稳定 [69][74]

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 ...