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Fortinet reported 2025 revenue of $6.8 billion and first-quarter 2026 revenue of $1.8 billion. The thesis depends on billings quality, deferred revenue, platform adoption, operating margin, cash conversion and competition.
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A source-backed Datavault AI analysis that separates the real May 2026 institutional financing signal from unsupported dark-pool, hedge-fund, bank-upgrade, and supply-crunch claims.
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