Fortinet vs Proofpoint

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.

Proofpoint named a Pace Setter as of September 2026 in the Gartner Emerging Market Quadrant for AI Application Security — Established Vendors

Proofpoint has been named a Pace Setter in the Gartner Emerging Market Quadrant for AI Application Security as of September 2026, highlighting its position among established vendors in the AI security space.

Boomi Appoints Mike Hickman as Chief Financial Officer

Boomi, the data activation company for AI, announced the appointment of Mike Hickman as Chief Financial Officer. Hickman will lead Boomi's global finance organization, including financial planning, accounting, treasury, tax, and reporting. He brings three decades of senior finance leadership, with experience at Proofpoint, Adobe, Marin Software, eBay, and Vitria Technology. At Proofpoint, he helped navigate a $12.3 billion take-private and a $1.8 billion acquisition. Boomi's CEO Steve Lucas highlighted Hickman's experience across IPO, take-private, and acquisitions. The appointment supports Boomi's scaling efforts with over 30,000 customers and 2,200 employees.

• Boomi appointed Mike Hickman as CFO.
• Hickman previously served as SVP of Finance at Proofpoint for 7.5 years.
• He has experience with IPO, take-private, and large acquisitions.

Proofpoint named a Pace Setter in Gartner Emerging Market Quadrant for AI Application Security

Proofpoint named a Pace Setter as of September 2026 in the Gartner Emerging Market Quadrant for AI Application Security — Established Vendors.