Fortinet Inc
FTNT: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|tl | LOCK|n$s | LOCK|jF^x@p |
Fortinet Earnings: Strong Cyber Demand Boosts Quarterly Sales, but Outlook Disappoints Investors
Fortinet reported third-quarter results that included sales growth of 20% to $2.1 billion and adjusted operating margins expanding 130 basis points to 38.2%. The firm's billings grew 29%, with security operations and SASE, its nascent segments, contributing 34% of total billings.
