Fortinet vs HashiCorp

10-Q Financial Filing Analysis for Fortinet (2026-07-30)

Fortinet reported strong financial performance for the second quarter of fiscal 2026, with total revenue rising 26% year-over-year to $2.05 billion and operating income growing 51% to $689.3 million. Revenue expansion was driven by a 52% surge in product revenue to $773.0 million, fueled by higher hardware unit shipments, customer upgrades for AI-related infrastructure, and pricing actions, alongside a 14% increase in service revenue to $1.27 billion. Operating margin expanded by 5.6 percentage points to 33.7%, reflecting strong operating leverage as top-line growth outpaced operating expenses. Net income for the quarter reached $606.3 million ($0.82 per diluted share), up from $440.1 million in Q2 2025. Non-GAAP billings expanded 33% to $2.37 billion, and deferred revenue climbed to $7.68 billion, underscoring solid underlying demand across Secure Networking, Unified SASE, and SecOps platforms.

• Q2 2026 total revenue reached $2,047.9 million (+26% YoY), driven by $773.0 million in Product revenue (+52% YoY) and $1,274.9 million in Service revenue (+14% YoY).
• Operating income rose 51% YoY to $689.3 million with operating margin expanding 560 bps to 33.7%, while net income reached $606.3 million.
• Non-GAAP billings grew 33% YoY to $2,372.1 million, and total deferred revenue reached $7,675.7 million as of June 30, 2026.

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.

AI/Infra/VC News Roundup: AI Investments, Funding, Security

This newsletter from 'What's Hot in Enterprise IT/VC' compiles recent AI, infrastructure, and venture capital news. It highlights trends in AI funding, including Gimlet Labs' $300M Series B at a $3B valuation with multiple tranches, and Clay's $115M Series D at $7.1B. It also covers the decline in AI spending among top enterprises, the increasing demand for AI compute, and the emergence of cybersecurity threats using AI, such as Anthropic's report on Iran's misuse of Claude. The roundup includes commentary on the AI infrastructure buildout, the acquisition of Miro for $1.355B, and the rise of physical AI deployments like Skild AI's $100M ARR. Overall, it reflects the dynamic and rapidly evolving landscape of AI technology, infrastructure, and investment.

• Gimlet Labs raised $300M Series B at $3B valuation, led by a16z, with money in at $2.5B, $3B and higher tranches.
• Clay raised $115M Series D at $7.1B valuation, with clients including Anthropic, Google, OpenAI, Stripe, Visa, and UPS.
• AI spend among top 1% of businesses declined 10% in August to $7.2K per employee per month.

AI Projects Close PRs, Deploy Agent 'Software Factories'

AI-native open source projects are increasingly shutting down external pull requests and using agent-based 'software factories' to manage contributions. Vercel deployed such a system for its AI SDK project, which now authors 25–35% of merged PRs and closes 70–80% of issues. The Astro web framework adopted agent-driven triage and regained control of its backlog. Flue and tldraw now automatically close external PRs, converting them into issues or discussions, partly to prevent 'drive-by AI slop PRs.' Maintainers say they trust internally optimized agents more than community-generated code, though they acknowledge risks for community onboarding. Mitchell Hashimoto predicts large open source projects will eventually close contributions completely, while projects still invite reporting, discussion, and perspective from outside contributors.

• Vercel's agent-based 'software factory' for AI SDK authors 25–35% of merged PRs and closes 70–80% of issues within four weeks.
• Flue and tldraw automatically close external pull requests and convert them into issues or discussions.
• The Astro web framework adopted agent-based triage to reestablish control over its GitHub issue backlog.

Container Security Checklist for SREs

A technical how-to and checklist for site reliability engineers (SREs) covering container security best practices. The article recommends using minimal multi-stage base images to reduce attack surface, scanning container images (example with Trivy in a GitHub Actions workflow), running containers as non-root with Kubernetes securityContext settings, applying network policies and pod security standards, managing secrets via external vaults (e.g., HashiCorp Vault), enforcing resource limits, and automating weekly audits (using kubectl, skopeo, jq). The author is Dr. Samson Tanimawo, Founder & CEO of Nova AI Ops.

• Article provides a container security checklist aimed at SREs including image scanning, non-root containers, network policies, secrets management, resource limits, and pod security standards.
• Recommends image scanning in CI (example uses aquasecurity/trivy-action in a GitHub Actions workflow) and failing builds on HIGH/CRITICAL vulnerabilities.
• Advises using multi-stage builds and slim base images to minimize image size and attack surface, and running processes as non-root (Kubernetes securityContext examples provided).