CLAIM #67545 · Fortinet Inc (FTNT) · 2024Q4 earnings call · Feb 6, 2025 · due Feb 6, 2035
“but we feel this could be a huge potential in the next five to ten years for the company's growth.”
Ken Xie · CEO
In context
“Ken Xie (Founder, Chairman, and CEO): Yeah. This is actually we acquired about fifty-one percent of shares about three years ago. And then we're keeping private shipping the company to more line up with our own kind of secure networking strategy. But also, this is all kind of a new market. We feel fortunate to be the only player in the consumer home-based network security market. Because we have this technology like a ASIC. We have all this unified SaaS together with the Linksys consumer and also the huge user base, which they have twenty-five million active users and has been shipping almost two hundred fifty million devices in the last almost forty years. So it's a leading brand. With this customer base, along with our technology and all these combined resources, we can really drive the new market for consumer to support work from home and also cover some SMB space. We see pretty fast growth. So that's the strategy, but that's also probably take some time to continue to develop all these technology markets together, but we feel this could be a huge potential in the next five to ten years for the company's growth.”
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SEC filings for FTNT ↗ · Claim quote is verbatim from the 2024Q4 earnings call.