| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $3.3B | $4.4B | $5.3B | $6.0B | $6.8B |
| Gross Profit | $2.6B | $3.3B | $4.1B | $4.8B | $5.5B |
| Operating Income | $650.4M | $969.6M | $1.2B | $1.8B | $2.1B |
| Net Income | $606.8M | $857.3M | $1.1B | $1.7B | $1.9B |
| Diluted EPS | $0.73 | $1.06 | $1.46 | $2.26 | $2.42 |
| Operating Cash Flow | $1.5B | $1.7B | $1.9B | $2.3B | $2.6B |
| Free Cash Flow | — | — | — | — | — |
Company updates and connected market context, with the dated price move attached.
Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.
The Wire scans sources on a rolling cadence — new stories land through the day.
Company updates and connected market context, with the dated price move attached.
CrowdStrike and Fortinet shares are rising following IBM's commentary regarding a pivot in customer IT spending priorities. Investors are interpreting the shift toward platform-based security as a tailwind for pure-play vendors despite broader enterprise budget caution.
A Russian-speaking criminal group is allegedly compromising tens of thousands of Fortinet firewalls and VPNs at major companies worldwide by exploiting previously known/default passwords. The breach raises immediate questions about customer trust, potential enterprise churn, and whether Fortinet's premium valuation can hold through a reputation-risk event.