Fortinet Files 10-Q for Q2 2024
Ticker: FTNT · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, cybersecurity
Related Tickers: FTNT
TL;DR
**FORTINET 10-Q FILED: Q2 2024 RESULTS & BALANCE SHEET DATA AVAILABLE NOW.**
AI Summary
Fortinet, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance for the second quarter and first half of 2024, including revenue from products and services. Key financial data and balance sheet information as of March 31, 2024, are also presented.
Why It Matters
This filing provides investors with crucial financial updates for Fortinet, Inc., impacting investment decisions and market perception of the cybersecurity company.
Risk Assessment
Risk Level: medium — As a public company filing a quarterly report, there's inherent risk associated with financial performance and market expectations.
Key Numbers
- 2024 Q2 — Reporting Period (Financials for the second quarter of 2024 are detailed.)
- 2024-06-30 — Fiscal Period End (The report covers financial performance up to this date.)
- 2024-03-31 — Balance Sheet Date (Key balance sheet figures are provided as of this date.)
Key Players & Entities
- Fortinet, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240808 (date) — Filing date
- 909 KIFER ROAD, SUNNYVALE, CA 94086 (address) — Company business and mailing address
FAQ
What were Fortinet's total revenues for the second quarter of 2024?
The filing indicates financial data for the period ending June 30, 2024, which would include Q2 revenues, but specific dollar amounts are not detailed in this header information.
How did product revenue compare to service revenue in Q2 2024?
The filing specifies 'us-gaap:ProductMember' and 'us-gaap:ServiceMember' for the Q2 2024 period, suggesting a breakdown is available within the full report.
What is Fortinet's fiscal year end?
Fortinet's fiscal year ends on December 31.
When was the company formerly known as FORTINET INC. last named changed?
The date of the name change from FORTINET INC. was September 2, 2003.
What is Fortinet's SEC file number?
Fortinet's SEC file number is 001-34511.
From the Filing
0001262039-24-000037.txt : 20240808 0001262039-24-000037.hdr.sgml : 20240808 20240807173934 ACCESSION NUMBER: 0001262039-24-000037 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 84 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240807 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 241185217 BUSINESS ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 408-235-7700 MAIL ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: FORTINET INC DATE OF NAME CHANGE: 20030902 10-Q 1 ftnt-20240630.htm FORM 10-Q ftnt-20240630 0001262039 false 2024 Q2 12/31 P1Y P2Y P3Y P1Y P2Y P3Y 548 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure ftnt:business_activity ftnt:segment_manager ftnt:operating_segment ftnt:reportable_segment 0001262039 2024-01-01 2024-06-30 0001262039 2024-08-02 0001262039 2024-06-30 0001262039 2023-12-31 0001262039 us-gaap:ProductMember 2024-04-01 2024-06-30 0001262039 us-gaap:ProductMember 2023-04-01 2023-06-30 0001262039 us-gaap:ProductMember 2024-01-01 2024-06-30 0001262039 us-gaap:ProductMember 2023-01-01 2023-06-30 0001262039 us-gaap:ServiceMember 2024-04-01 2024-06-30 0001262039 us-gaap:ServiceMember 2023-04-01 2023-06-30 0001262039 us-gaap:ServiceMember 2024-01-01 2024-06-30 0001262039 us-gaap:ServiceMember 2023-01-01 2023-06-30 0001262039 2024-04-01 2024-06-30 0001262039 2023-04-01 2023-06-30 0001262039 2023-01-01 2023-06-30 0001262039 us-gaap:CommonStockMember 2024-03-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001262039 us-gaap:RetainedEarningsMember 2024-03-31 0001262039 2024-03-31 0001262039 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0001262039 us-gaap:CommonStockMember 2024-06-30 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001262039 us-gaap:RetainedEarningsMember 2024-06-30 0001262039 us-gaap:CommonStockMember 2023-03-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001262039 us-gaap:RetainedEarningsMember 2023-03-31 0001262039 2023-03-31 0001262039 us-gaap:CommonStockMember 2023-04-01 2023-06-30 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0001262039 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001262039 us-gaap:CommonStockMember 2023-06-30 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0001262039 us-gaap:RetainedEarningsMember 2023-06-30 0001262039 2023-06-30 0001262039 us-gaap:CommonStockMember 2023-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001262039 us-gaap:RetainedEarningsMember 2023-12-31 0001262039 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-06-30 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-06-30 0001262039 us-gaap:RetainedEarningsMember 2024-01-01 2024-06-30 0001262039 us-gaap:CommonStockMember 2022-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001262039 us-gaap:RetainedEarni