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":{"LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1923622614.USD":"Natixis Thematics Meta R/A USD","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU0238689110.USD":"贝莱德环球动力股票基金","BK4528":"SaaS概念","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","BK4581":"高盛持仓","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","IE00B2B36J28.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I1\" (USD) INC","BK4585":"ETF&股票定投概念","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","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","FTNT":"飞塔信息","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4588":"碎股","BK4154":"管理型保健护理","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","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFTCPJ56.SGD":"Janus Henderson Global Life Sciences A Acc SGD","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","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4560":"网络安全概念"},"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":480,"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,"upFlag":false,"length":478,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":305801611088144,"gmtCreate":1715683756847,"gmtModify":1715683762391,"authorId":4093854476996450,"author":{"id":4093854476996450,"authorId":4093854476996450,"name":"Remotecam","avatar":"https://community-static.tradeup.com/news/d1181f5107770e69663c286940d29bae","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":"93.46%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":301856333893824,"type":1,"supId":0,"prevId":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":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/301856333893824"}