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FTNT's Subscription-Based Services Gain Steam: A Sign of More Upside?
ZACKS· 2025-07-11 00:16
Key Takeaways FTNT's multi-year deals, per-user pricing, and SASE traction are boosting long-term revenue visibility. Unified SASE recurring revenues grew 25.7% YoY to $1.15B, while SecOps rose 30.3% to $434.5M. Unified SASE and SecOps are projected to witness a 24% CAGR through 2026, per Seeking Alpha.Fortinet’s (FTNT) transition to a subscription-driven business signifies the growth of its recurring service revenues. These recurring-revenue upticks have become a clear engine for growth. In the first qua ...