Did you analyze how Fortinet (FTNT) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this network security company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must ...

Global cybersecurity leader Fortinet Inc. NASDAQ: FTNT stock has been surging following its robust Q2 2024 earnings top and bottom line beats. The company went ahead and raised its full-year 2024 guidance as a sweet cherry on top. The strong demand for its next-generation firewalls and the convergence of networking and security needs underscored the masterful performance. Record-breaking ransomware extortion and enterprise security breach headlines have put companies on guard to limit their attack surfaces. ...

文章核心观点 - 公司在2Q24财报中实现了营收和EPS的超预期表现,股价大涨约25% [2] - 公司在过去12个月内的股价涨幅低于大盘和同行,但有望在长期内成为一只优质的蓝筹股 [3] 公司概况 1. 公司是网络安全领域的市场领导者 [4][5] - 产品领先优势:公司拥有广泛的网络安全产品线,获得客户高度认可,在行业研究报告中表现出色 - 开发者导向:公司重视开发者社区,为开发者提供技术支持和交流平台,有利于产品的长期粘性 [5] 2. 公司是全球最大的网络安全公司之一,服务超过75.5万家企业,包括73%的财富100强和69%的全球2000强企业 [8] 3. 公司积极进行并购,最近完成了对Lacework和Next DLP的收购,有利于增强公司的产品和服务能力 [8] 财务表现 1. 公司过去10年收入、利润和自由现金流均保持高速增长,分别达到24%、41%和30%的复合年增长率 [9][10] 2. 公司财务状况良好,现金和短期投资达33亿美元,净现金头寸为23亿美元,利息覆盖率7倍 [12] 行业前景 1. 全球网络安全支出预计到2030年将达到4500亿美元,年复合增长率13%,为公司提供广阔的市场空间 [4] 2. 公司的一些关键业务领域,如应用安全、安全运营管理、终端安全和云安全,目前渗透率仅为1-10%,有较大的发展潜力 [4] 3. 行业内存在一定的库存消化压力,但公司的相关指标已经恢复到2020年疫情前的水平,显示行业正在逐步回暖 [13][14] 估值分析 1. 公司当前估值相对同行仍有一定折价,市盈率和企业价值/EBITDA分别低于同行37%和46% [17][18] 2. 根据折现现金流分析,公司股价有11%的上涨空间 [25] 投资风险 1. 公司推行单一安全平台的做法可能带来系统脆弱性风险 [26] 2. 宏观经济环境的不确定性可能对公司业务造成一定影响,库存水平仍然较高 [26] 总结 综合考虑,公司具有较强的市场地位和良好的财务表现,行业前景广阔,估值合理,是一只值得长期投资的优质蓝筹股。[27]

da-kuk It's been 8 months since the last time I wrote about Fortinet, Inc. (NASDAQ:FTNT). Since then, the company has had a very volatile 2024. It was up +25% in March but dropped to -5% a week ago. After the Q2 earnings release, which we will discuss in detail, Fortinet's shares have surged to more reasonable prices given the quality of the business. In January, I rated the stock as a buy, and thanks to the recent rise, we have a 19.87% return compared to the S&P 500's 10.69% and the 5.36% of the security ...

Fortinet TodayFTNTFortinet$70.62 +0.69 (+0.99%) 52-Week Range$44.12▼$73.91P/E Ratio46.16Price Target$70.97Add to WatchlistFortinet NASDAQ: FTNT stock surged more than 25% following its Q2 release because it reached an inflection point. The company's lean into unified SASE and Security Ops resonates with businesses, providing a simpler approach to cloud-based cybersecurity. It is developing into a market leader, as evidenced by its ranking in Gartner Magic Quadrant reports. The company is the #1 single-sourc ...

Key TakeawaysThe S&P 500 lost 0.8% on Wednesday, Aug. 7, 2024, as the prior day's stock market rebound failed to maintain its momentum.Super Micro Computer shares lost ground after the company missed profit estimates.Record operating margins helped cybersecurity firm Fortinet top quarterly forecasts, and its shares surged. Major U.S. equities indexes reversed early gains to close lower on Wednesday, as Tuesday's stock market rebound failed to maintain its momentum. The S&P 500 slipped 0.8%, while the Nasdaq ...

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 ...