Fortinet is a provider of network security appliances and unified threat management (UTM). The Company's products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Fortinet’s flagship FortiGate product delivers ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. The Company's product line goes beyond UTM to help secure the extended enterprise – from endpoints to the perimeter and the core, including databases and applications.
Type
Public
HQ
Sunnyvale, US
Founded
2000
Size (employees)
4,665 (est)
Fortinet was founded in 2000 and is headquartered in Sunnyvale, US
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Key People/Management at Fortinet

Ken Xie

Ken Xie

Founder, Chairman of the Board, and Chief Executive Officer (CEO)
Michael Xie

Michael Xie

Founder, President, and Chief Technology Officer (CTO)
Keith Jensen

Keith Jensen

CFO
Philip Quade

Philip Quade

Chief Information Security Officer
Patrice Perche

Patrice Perche

Sr. Executive Vice President, Worldwide Sales and Support
John Maddison

John Maddison

Sr. Vice President, Products and Solutions
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Fortinet Office Locations

Fortinet has offices in Singapore, Reston, Sunnyvale, Valbonne and in 40 other locations
Sunnyvale, US (HQ)
899 Kifer Rd
New York, US
4400 1 Pennsylvania Plaza
Reston, US
140 12005 Sunrise Valley Dr
Rochester, US
1200 Brooks Ave
Sunrise, US
430 13450 W Sunrise Blvd
Sydney, AU
10 2 Loftus St
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Fortinet Financials and Metrics

Fortinet Revenue

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Fortinet's revenue was reported to be $1.49 b in FY, 2017
USD

Revenue (Q1, 2018)

399 m

Market capitalization (14-Aug-2018)

12.9 b

Closing stock price (14-Aug-2018)

76.4
Fortinet's current market capitalization is $12.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

615.3 m770.4 m1 b1.3 b1.5 b

Revenue growth, %

25%31%26%

Cost of goods sold

180.6 m231 m286.8 m337.8 m385.3 m

Gross profit

434.7 m539.4 m722.5 m937.6 m1.1 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

154.7 m168.9 m184.1 m193.3 m212.9 m239.8 m260.1 m284.6 m311.4 m316.6 m340.6 m363.5 m374.2 m399 m

Cost of goods sold

43.9 m50.7 m57.8 m56.9 m63.6 m69.5 m71.7 m77.7 m84.5 m84.8 m90.6 m95.7 m93.6 m

Gross profit

110.8 m118.2 m126.3 m136.5 m149.3 m170.3 m188.4 m206.8 m226.9 m231.8 m250 m267.8 m280.6 m

Gross profit Margin, %

72%70%69%71%70%71%72%73%73%73%73%74%75%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

115.9 m283.3 m543.3 m709 m811 m

Accounts Receivable

Inventories

14.1 m31.1 m35.8 m106.9 m77.3 m

Current Assets

735.5 m1 b1.3 b1.5 b1.7 b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

203.9 m258.1 m386.4 m481.4 m540.7 m568 m596.4 m647.5 m823.2 m853.1 m905.8 m

Inventories

46.8 m51.3 m72.1 m68.8 m80.7 m78.2 m81.2 m93.7 m105 m86.4 m73.6 m80 m

Current Assets

806.9 m896.4 m1.1 b1.2 b1.3 b1.3 b1.4 b1.4 b1.6 b1.6 b1.7 b

Goodwill

2.8 m2.8 m2.8 m2.8 m4.3 m4.7 m14.2 m14.6 m14.6 m14.6 m14.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

44.3 m25.3 m8 m32.2 m31.4 m

Depreciation and Amortization

15.6 m22 m31.6 m48.5 m55.5 m

Inventories

(907 k)(16 m)(2.6 m)(43 m)9.4 m

Accounts Payable

10.5 m18 m(2.5 m)39 k13.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2018

Net Income

11 m8.4 m6.1 m4.1 m1.6 m792 k8.2 m(3.4 m)(1.4 m)6.3 m10.7 m

Depreciation and Amortization

4.4 m

Inventories

3.3 m46.8 m51.3 m72.1 m68.8 m80.7 m78.2 m81.2 m93.7 m105 m

Accounts Payable

(6 m)35.8 m36.5 m40.2 m42.3 m48.8 m48 m56.9 m57.5 m48.7 m
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Fortinet Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Jun, 2017Q2, 2017Q3, 2017

Billings

$187.62 m$213 m$213.16 m$896.49 m$254.30 m$297.18 m$299.62 m$1.23 b$330.46 m$373.78 m$347.46 m$1.52 b$403.28 m$426.89 m$431.70 m

Countries

30 70 80

Patents Issued

191 278 358 380

Patents Pending

156 236 292 298
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Fortinet Online and Social Media Presence

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Fortinet News and Updates

Fortinet Threat Landscape Report Reveals IoT Devices in the Home Are the Latest Target for Cryptojacking

96% of Firms Experienced at Least One Severe Exploit 96% of Firms Experienced at Least One Severe Exploit

Fortinet is the Only Vendor with Security Capabilities to Receive SD-WAN Recommended Rating in the First NSS Labs Software-Defined Wide Area Networking Test Report

FortiGate SD-WAN Delivers Highest VoIP Quality of Experience and Lowest Total Cost of Ownership per Mbps Among All Nine Vendors FortiGate SD-WAN Delivers Highest VoIP Quality of Experience and Lowest Total Cost of Ownership per Mbps Among All Nine Vendors

Fortinet Signs Cyber Threat Information Sharing Agreement with IBM

By entering relationships with trusted partners like Fortinet, IBM is able to construct a clearer picture of the global threat landscape. Today, threat actors are highly skilled, organized, well-resourced and able to operate globally and swiftly. In order to defend effectively, we must operate with …

Fortinet stock soars 12%, on track to close at record high

Shares of Fortinet Inc. are up 12.1% in Thursday morning trading after the company reported better-than-expected results and delivered an upbeat outlook. The stock is on track to end the day above its previous closing high of $68.57. "The company is clearly gaining ground in the enterprise market, …

Fortinet shares surge 10% as earnings, outlook top Street view

Fortinet Inc. shares rallied in the extended session Wednesday after the cybersecurity company's quarterly results and outlook topped Wall Street estimates. Fortinet shares surged 10% after hours, following a 2.7% rise to finish the regular session at $64.60. The company reported second-quarter net…
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Fortinet Company Life and Culture

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