Fortinet Files 8-K on Financial Condition & Operations

Ticker: FTNT · Form: 8-K · Filed: 2024-02-06T00:00:00.000Z

Sentiment: neutral

Topics: financial-condition, results-of-operations, 8-K, corporate-update

TL;DR

**Fortinet just dropped an 8-K about its financials, get ready for potential stock moves.**

AI Summary

Fortinet, Inc. filed an 8-K on February 6, 2024, to report its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, likely ahead of a full earnings report. For investors, this matters because it offers an early look into the company's health and could influence stock price movements based on whether the results meet or miss expectations, potentially signaling future growth or challenges.

Why It Matters

This filing signals that Fortinet is updating the market on its financial health, which is crucial for investors to assess the company's performance and future prospects.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate new risks but rather providing transparency.

Analyst Insight

A smart investor would monitor Fortinet's upcoming earnings call or full financial report for the specific details hinted at by this 8-K, as the 'Results of Operations and Financial Condition' item suggests important financial updates are being disclosed.

Key Numbers

February 6, 2024 — Date of Report (The date the earliest event reported in the 8-K occurred.)
001-34511 — Commission File Number (Fortinet's unique identifier with the SEC.)
77-0560389 — IRS Employer Identification No. (Fortinet's tax identification number.)
$0.001 — Par Value (The nominal value of Fortinet's Common Stock.)

Key Players & Entities

Fortinet, Inc. (company) — the registrant filing the 8-K
February 6, 2024 (date) — date of earliest event reported
Delaware (company) — state of incorporation for Fortinet, Inc.
001-34511 (dollar_amount) — Commission File Number
77-0560389 (dollar_amount) — IRS Employer Identification No.
899 Kifer Road Sunnyvale, CA 94086 (company) — principal executive offices address
408-235-7700 (dollar_amount) — registrant's telephone number
Common Stock, $0.001 Par Value (company) — title of class of securities registered
FTNT (company) — trading symbol on Nasdaq
The Nasdaq Stock Market LLC (company) — exchange on which securities are registered

Forward-Looking Statements

Fortinet will release its full Q4 2023 earnings report shortly after this 8-K filing. (Fortinet, Inc.) — high confidence, target: 2024-02-29

FAQ

What is the purpose of Fortinet, Inc.'s 8-K filing on February 6, 2024?

Fortinet, Inc. filed this 8-K to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of February 6, 2024, indicating an update on their financial performance.

What is Fortinet, Inc.'s trading symbol and on which exchange is it registered?

Fortinet, Inc.'s trading symbol is FTNT, and its Common Stock, $0.001 Par Value, is registered on The Nasdaq Stock Market LLC.

What is the address of Fortinet, Inc.'s principal executive offices?

The address of Fortinet, Inc.'s principal executive offices is 899 Kifer Road, Sunnyvale, CA 94086.

Is Fortinet, Inc. considered an emerging growth company according to this filing?

No, the filing indicates with a '☐' (unchecked box) that Fortinet, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

What is the state of incorporation for Fortinet, Inc.?

Fortinet, Inc. is incorporated in Delaware.

From the Filing

0001262039-24-000006.txt : 20240206 0001262039-24-000006.hdr.sgml : 20240206 20240206161036 ACCESSION NUMBER: 0001262039-24-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240206 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fortinet, Inc. CENTRAL INDEX KEY: 0001262039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770560389 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 24600351 BUSINESS ADDRESS: STREET 1: 899 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 408-235-7700 MAIL ADDRESS: STREET 1: 899 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: FORTINET INC DATE OF NAME CHANGE: 20030902 8-K 1 ftnt-20240206.htm FORM 8-K ftnt-20240206 0001262039 false 0001262039 2024-02-06 2024-02-06 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 6, 2024   FORTINET, INC. (Exact name of registrant as specified in its charter) Delaware 001-34511 77-0560389 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 899 Kifer Road Sunnyvale , CA 94086 (Address of principal executive offices, including zip code) ( 408 ) 235-7700 (Registrant ’ s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Exchange Act: (Title of each class) (Trading Symbol) (Name of exchange on which registered) Common Stock, $0.001 Par Value FTNT The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).    Emerging growth company     ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐   Item 2.02 Results of Operations and Financial Condition. On February 6, 2024, Fortinet, Inc. issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2023. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits