Fortinet vs Wiz

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.

Introducing Wiz AI SAST: Application Security that Understands Your Code and Your Infrastructure

Find, validate, and fix complex business logic flaws with an AI code scanner backed by Wiz Research, operationalized within your existing security program.

Snyk Lays Off Over 200, Revenues Top $300M

Snyk, the cybersecurity firm co-founded in London and Tel Aviv, laid off over 200 employees in June 2026, more than double the initial reports of 90. This was revealed in a new filing at Companies House. The reduction in force represents about 20% of its global workforce, impacting employees in the US and Israel, with a financial charge of up to $13.8 million. Despite the layoffs, Snyk's revenues grew 11% to $309 million in the fiscal year ending 2025, attributed to new customer wins. However, losses increased from $169 million to $189 million due to higher investments. The company, now headquartered in Boston, has raised over $1 billion from investors including Tiger Global and was valued at $8.5 billion in 2021. Snyk continues to build its AI security business, having acquired Invariant Labs in 2025.

• Snyk laid off over 200 employees in June 2026, representing about 20% of its global workforce.
• Revenues reached $309 million in fiscal year 2025, up 11% year-over-year.
• Losses increased from $169 million to $189 million.

Wiz Newsroom Updates: New Company News and Recent Coverage

The Wiz Newsroom page has been updated with new company news items including 'Wiz’s First 6 Months as Part of Google', 'Scan for Good: Using AI to discover and fix high-priority exposures', and 'Atlas: Wiz's autonomous AI Agent for vulnerability research'. Recent coverage now includes articles from SecurityBrief AU, SecurityWeek, and Infosecurity Mag, among others.