John M Lund Photography Inc Investment Thesis Fortinet's (NASDAQ:FTNT) recently concluded Q2 quarter was an enlightening revelation. On one hand, the billings slowdown persisted just as I noted in my earnings preview of Fortinet's Q2 quarter, with Fortinet's management keeping full-year CY24 billings guidance unchanged from their previous quarters. Then, on the other hand, management surprised everybody with a high-octane expansion of consolidated business margins across the board driven by increased operat ...