FTNT is now considered a DINOS

FTNT is now considered a DINOSAUR 🦕 in the Cybersecurity vendor world with ZERO innovation and nothing new coming out of its R&D that is significant and smart customers are quick to realize that, with many switching to it's competition like Palo Alto Netowrks that at the top of the stack right now. It also a history of lousy acquisitions and disastrous integration. My opinion is that it is a WRECKED and a SINKING SHIP led by incompetent leaders (including the CEO - old and dated) and a bunch of BROWN NOSE and YES MAN Senior Executives. My thoughts 💭? SELL & RUN FOR THE DOOR!

Fortinet Projects Quarterly Billings Below Estimates As Competition Heats up

Earnings & Estimates

Earnings season is here. What's in focus?

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Comments

Remotecam
05-14
Remotecam
Same thoughts. Sold all FTNT holdings at profit. Now waiting for entry into PAWN - overpriced now - buy point IV $281.

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What's in focus?","image":"https://community-static.tradeup.com/news/dc18b55f50cc4b6c035031de21e3d6d2"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>FTNT is now considered a DINOSAUR 🦕 in the Cybersecurity vendor world with ZERO innovation and nothing new coming out of its R&amp;D that is significant and smart customers are quick to realize that, with many switching to it's competition like Palo Alto Netowrks that at the top of the stack right now. It also a history of lousy acquisitions and disastrous integration. My opinion is that it is a WRECKED and a SINKING SHIP led by incompetent leaders (including the CEO - old and dated) and a bunch of BROWN NOSE and YES MAN Senior Executives. My thoughts 💭? SELL &amp; RUN FOR THE DOOR!</p></body></html>","htmlText":"<html><head></head><body><p>FTNT is now considered a DINOSAUR 🦕 in the Cybersecurity vendor world with ZERO innovation and nothing new coming out of its R&amp;D that is significant and smart customers are quick to realize that, with many switching to it's competition like Palo Alto Netowrks that at the top of the stack right now. It also a history of lousy acquisitions and disastrous integration. My opinion is that it is a WRECKED and a SINKING SHIP led by incompetent leaders (including the CEO - old and dated) and a bunch of BROWN NOSE and YES MAN Senior Executives. My thoughts 💭? SELL &amp; RUN FOR THE DOOR!</p></body></html>","text":"FTNT is now considered a DINOSAUR 🦕 in the Cybersecurity vendor world with ZERO innovation and nothing new coming out of its R&D that is significant and smart customers are quick to realize that, with many switching to it's competition like Palo Alto Netowrks that at the top of the stack right now. It also a history of lousy acquisitions and disastrous integration. My opinion is that it is a WRECKED and a SINKING SHIP led by incompetent leaders (including the CEO - old and dated) and a bunch of BROWN NOSE and YES MAN Senior Executives. My thoughts 💭? SELL & RUN FOR THE DOOR!","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/301856333893824","repostId":2432956434,"repostType":2,"repost":{"id":"2432956434","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1714689600,"share":"https://www.laohu8.com/m/news/2432956434?lang=&edition=full","pubTime":"2024-05-03 06:40","market":"us","language":"en","title":"Fortinet Projects Quarterly Billings Below Estimates As Competition Heats up","url":"https://stock-news.laohu8.com/highlight/detail?id=2432956434","media":"Reuters","summary":"May 2 (Reuters) - Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops f","content":"<html><head></head><body><p>May 2 (Reuters) - Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity tools.</p><p>Shares of the Sunnyvale, California-based company fell about 8% in trading after the bell.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1ff346825ce20d869536c9a74b4f0500\" tg-width=\"842\" tg-height=\"622\"/></p><p>High-interest rates have crimped enterprise spending as businesses grapple with economic uncertainty and look to preserve cash balances.</p><p>The company expects second-quarter billings between $1.49 billion and $1.55 billion, largely below analysts&#39; estimates of $1.54, according to LSEG data.</p><p>Billings are the invoice amounts billed to customers in a given time period. Analysts use billings to determine cash flow as they represent money the company expects to receive soon.</p><p>It reported billings of $1.41 billion, down 6.4% in the first quarter, compared with estimates of $1.43 billion.</p><p>Meanwhile, Fortinet&#39;s rivals, such as Palo Alto Networks and Crowdstrike Holdings, have gained market share in the past year as companies have been adopting more efficient and less expensive consolidated cybersecurity platforms that contain tools for a variety of applications.</p><p>Fortinet expects second-quarter revenue between $1.375 billion and $1.435 billion, compared with analysts&#39; estimates of $1.39 billion, according to LSEG data.</p><p>It posted revenue of $1.35 billion in the first quarter, up 7.2%, just about beating estimates of $1.34 billion.</p><p>Adjusted profit in the first quarter stood at 43 cents per share, compared with estimates of 38 cents per share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFortinet Projects Quarterly Billings Below Estimates As Competition Heats up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-05-03 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>May 2 (Reuters) - Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity tools.</p><p>Shares of the Sunnyvale, California-based company fell about 8% in trading after the bell.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1ff346825ce20d869536c9a74b4f0500\" tg-width=\"842\" tg-height=\"622\"/></p><p>High-interest rates have crimped enterprise spending as businesses grapple with economic uncertainty and look to preserve cash balances.</p><p>The company expects second-quarter billings between $1.49 billion and $1.55 billion, largely below analysts&#39; estimates of $1.54, according to LSEG data.</p><p>Billings are the invoice amounts billed to customers in a given time period. Analysts use billings to determine cash flow as they represent money the company expects to receive soon.</p><p>It reported billings of $1.41 billion, down 6.4% in the first quarter, compared with estimates of $1.43 billion.</p><p>Meanwhile, Fortinet&#39;s rivals, such as Palo Alto Networks and Crowdstrike Holdings, have gained market share in the past year as companies have been adopting more efficient and less expensive consolidated cybersecurity platforms that contain tools for a variety of applications.</p><p>Fortinet expects second-quarter revenue between $1.375 billion and $1.435 billion, compared with analysts&#39; estimates of $1.39 billion, according to LSEG data.</p><p>It posted revenue of $1.35 billion in the first quarter, up 7.2%, just about beating estimates of $1.34 billion.</p><p>Adjusted profit in the first quarter stood at 43 cents per share, compared with estimates of 38 cents per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC","BK4588":"碎股","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4154":"管理型保健护理","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","FTNT":"飞塔信息","IE00B2B36J28.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I1\" (USD) INC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU1923622291.USD":"Natixis Thematics Safety R/A USD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4560":"网络安全概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4581":"高盛持仓","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4528":"SaaS概念","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","IE00BFTCPJ56.SGD":"Janus Henderson Global Life Sciences A Acc SGD","BK4585":"ETF&股票定投概念","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2432956434","content_text":"May 2 (Reuters) - Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity tools.Shares of the Sunnyvale, California-based company fell about 8% in trading after the bell.High-interest rates have crimped enterprise spending as businesses grapple with economic uncertainty and look to preserve cash balances.The company expects second-quarter billings between $1.49 billion and $1.55 billion, largely below analysts' estimates of $1.54, according to LSEG data.Billings are the invoice amounts billed to customers in a given time period. Analysts use billings to determine cash flow as they represent money the company expects to receive soon.It reported billings of $1.41 billion, down 6.4% in the first quarter, compared with estimates of $1.43 billion.Meanwhile, Fortinet's rivals, such as Palo Alto Networks and Crowdstrike Holdings, have gained market share in the past year as companies have been adopting more efficient and less expensive consolidated cybersecurity platforms that contain tools for a variety of applications.Fortinet expects second-quarter revenue between $1.375 billion and $1.435 billion, compared with analysts' estimates of $1.39 billion, according to LSEG data.It posted revenue of $1.35 billion in the first quarter, up 7.2%, just about beating estimates of $1.34 billion.Adjusted profit in the first quarter stood at 43 cents per share, compared with estimates of 38 cents per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":638,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":478,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":305801611088144,"commentId":"305801611088144","gmtCreate":1715683756847,"gmtModify":1715683762391,"authorId":4093854476996450,"author":{"id":4093854476996450,"idStr":"4093854476996450","authorId":4093854476996450,"name":"Remotecam","avatar":"https://community-static.tradeup.com/news/f856a0a30bd0fa23a086fc678014e48b","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.17","exceedPercentage":"93.67%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":301856333893824,"objectIdStr":"301856333893824","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Same thoughts. Sold all FTNT holdings at profit. Now waiting for entry into PAWN - overpriced now - buy point IV $281.","text":"Same thoughts. Sold all FTNT holdings at profit. Now waiting for entry into PAWN - overpriced now - buy point IV $281.","html":"Same thoughts. Sold all FTNT holdings at profit. Now waiting for entry into PAWN - overpriced now - buy point IV $281.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/301856333893824"}