Fortinet, Inc.: Will Their Revitalized Focus On Next-Generation Firewalls & New Technologies Pay Off?

Fortinet’s second quarter 2024 financial performance presents a mixed but fundamentally robust picture. Starting with the positive facets, the company achieved record operating margins at 35%, a significant improvement by 820 basis points year-over-year. This financial efficiency was underpinned by a strategic blend of operational prowess and thoughtfully channeled investments toward high-growth markets such as Unified Security Access Service Edge (SASE) and Secure Operations (SecOps).