Fortinet, Inc.


SKU: FTNT-1 Category:


Fortinet, Inc.: How Is Their Shift Towards SASE & SecOps Solutions Shaping Up?


Fortinet, the multinational cybersecurity company, has showcased notable financial results for the first quarter of 2024. They declared an operating margin increase of a first quarter record of 28.5%, and a record cash flow from operations of $830 million. Their adjusted free cash flow margin was also their highest yet at 61%. This performance indicates strong financial management especially considering the economic uncertainty surrounding the pandemic. Although total billings declined by 6% this quarter, the company maintains a positive outlook as their Unified Security Access Service Edge (SASE) and security operations gained considerable traction, accounting for a third of first quarter billings.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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