Aikido Security vs Fortinet

Belgium's Top-Funded Tech Companies in H1 2026

Belgian tech companies raised €1.09 billion in H1 2026, with funding highly concentrated at the top: Kpler accounted for about 79% of the total capital raised. Early-stage deals (Series A ~€50M, seed ~€38M, pre-seed ~€5.5M) were numerous, but larger later-stage deals drove the overall value. Funding spanned industries including analytics, software, transportation, fintech, deeptech, healthcare, agritech, and AI. Notable raises included Kpler's $1B growth equity, Aikido Security's $60M Series B, Magnax's €35.5M, D-CRBN's €17.5M, Rainbow Crops' €15.7M, Tekst.com's €11.5M Series A, Timefold's $13M Series A, Qover's $12M growth capital, Harmoney's €10M, neuroClues' €10M Series A, and Warren's €10M seed.

• Belgian tech companies raised €1.09 billion in H1 2026.
• Kpler raised $1 billion (approx. €859.2M) in a strategic growth equity investment.
• Aikido Security raised $60 million in Series B funding.

10-Q Financial Filing Analysis for Fortinet (2026-10-30)

Fortinet, Inc. reported its financial results for the third quarter ended September 30, 2026, delivering consolidated total revenue of $2.08 billion, representing a 20% year-over-year increase compared to $1.72 billion in the prior-year period. Revenue expansion was led by strong Product revenue acceleration of 37% to $765.0 million, driven by higher average selling prices, customer demand for high-performance secure networking hardware, and AI infrastructure deployments, while Service revenue advanced 13% to $1.31 billion. Operating income grew 29% to $704.3 million, yielding an operating margin of 33.9%, up from 31.7% in Q3 2025 due to operating leverage as top-line growth outpaced operating expense growth. Net income rose 34% to $635.5 million ($0.86 per diluted share). Free cash flow reached $864.8 million for the quarter and $2.84 billion for the first nine months. The company experienced slight gross margin compression of 1.8 percentage points to 79.0% due to a higher revenue mix of hardware products and elevated memory chip costs. Fortinet continued its capital allocation strategy, repurchasing $972.8 million of common stock through the first nine months and approving a subsequent $1.23 billion authorization increase in October 2026, bringing total authorization to $11.48 billion through February 2028.

• Q3 2026 total revenue reached $2,078.4 million (+20% YoY), with Product revenue rising 37% to $765.0 million and Service revenue rising 13% to $1,313.4 million.
• Operating income for the quarter expanded 29% YoY to $704.3 million (33.9% operating margin), producing net income of $635.5 million and diluted EPS of $0.86.
• Total deferred revenue stood at $7,934.4 million as of September 30, 2026, while total non-GAAP billings grew 29% YoY to $2,336.3 million.

Cybersecurity stock Zscaler's charts turn bullish: Jay Woods

In a CNBC Pro segment, technician Jay Woods discusses Zscaler (ZS), a cybersecurity company that has underperformed its sector peers. While CrowdStrike, Fortinet, Okta, and Palo Alto Networks have gained over 100% year-to-date, Zscaler shares fell as much as 65% from 52-week highs and remain down 13% this year. However, Woods observes a bottoming formation on both daily and weekly charts, with a bullish crossover in MACD and a breakout above $195 resistance. He suggests upside targets of $250-$265, representing 25-30% potential upside, with support at $165. The analysis highlights relative rotation within the cybersecurity sector, indicating that laggards like Zscaler may see renewed strength.

• Zscaler (ZS) shares fell as much as 65% from 52-week highs and remain down 13% year-to-date.
• CrowdStrike, Fortinet, Okta, and Palo Alto Networks have each gained over 100% year-to-date.
• Jay Woods identifies a bullish double bottom formation on Zscaler's weekly chart.

Fortinet Expands U.S. Presence with New Company-Owned Innovation Hub in New York City

Fortinet announced the opening of a new company-owned innovation hub in New York City, expanding its U.S. presence. This is part of Fortinet's strategic growth and investment in innovation.