FORTINET INC (FTNT)

Fortinet is a top company in the cybersecurity field, focused on bringing together networking and security. Their goal is to protect people, devices, and data everywhere. They do this using their Fortinet Security Fabric, which is an all-in-one system that includes secure networking, unified access to secure services, and AI-powered security operations. As of the end of 2024, Fortinet served customers in over 100 countries, including businesses in industries like finance, retail, healthcare, technology, communication , security, and government. Around 80% of the top 100 U.S. companies and 72% of the top 2000 global companies are Fortinet customers.

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Financial Snapshot

Income Statement (*values displayed in millions)

How do they make money?

• Product Sales: Fortinet sells hardware and software products, including firewalls, intrusion prevention systems, and other network security tools. These products are designed to protect businesses’ networks, devices, and data from cyber threats.

• Subscription Services: These subscription services include ongoing updates for their security software, threat intelligence feeds, and services like cloud security access solutions.

• Cloud Services: These services help companies secure their cloud-based infrastructure and applications, which is a growing market.

Good Time to Buy?

At the time of writing, FTNT is down 23% since it’s February 2025 52 Week High of 114.82/share. This S&P 500 company deserves your attention as it’s currently trading at 88.15/share.

FYI

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