OverviewSuggest Edit
Fortinet is a company providing network security solutions. It delivers visibility and segmentation of the digital attack surface through the integrated Fortinet Security Fabric platform. The company specializes in network, infrastructure, cloud security, as well as endpoint protection, Internet of things, and operational technology security.
| Type | Public | |
| Founded | 2000 | |
| HQ | Sunnyvale, CA, US | Map |
| Website | fortinet.com | |
| Employee Ratings | More | |
| Overall Culture | C | More |
Recent NewsAll News
- Fortinet Extends Availability of Free Self-Paced NSE Cybersecurity Training Courses to Further Build Industry’s Workforce
- Fortinet to Announce Fourth Quarter 2020 Financial Results
- Service Providers Choose Fortinet Secure SD-WAN to Deliver Innovative Value-Add Offerings for Customers
- Fortinet Acquires Network Monitoring and Remediation Innovator Panopta
Key People/Management at Fortinet
Ken Xie
Founder, Chairman of the Board, and Chief Executive Officer
Michael Xie
Founder, President, and Chief Technology Officer
Keith Jensen
Chief Financial Officer
Philip Quade
Chief Information Security Officer
Patrice Perche
Sr. Executive Vice President, Worldwide Sales and Support
John Maddison
Chief Marketing Officer and Executive Vice President, Products
Fortinet Office Locations
Fortinet has offices in Sunnyvale, New York, Plano, Reston and in 48 other locations
Sunnyvale, CA, US (HQ)
899 Kifer Rd
New York, NY, US
4400 1 Pennsylvania Plaza
Plano, TX, US
6111 W Plano Pkwy
Reston, VA, US
12005 Sunrise Valley Dr #204
Sunrise, FL, US
13450 W Sunrise Blvd #430Sunrise
Union City, CA, US
1570 Atlantic St
Fortinet Financials and Metrics
Fortinet Revenue
Fortinet's revenue was reported to be $2.16 b in FY, 2019 which is a 19.7% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2020) | 651.1m |
Gross profit (Q3, 2020) | 511.9m |
Gross profit margin (Q3, 2020), % | 78.6% |
Net income (Q3, 2020) | 123.4m |
EBIT (Q3, 2020) | 126.9m |
Market capitalization (15-Jan-2021) | 23.8b |
Closing stock price (15-Jan-2021) | 146.5 |
Cash (30-Sept-2020) | 882.3m |
Fortinet's current market capitalization is $23.8 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 399.0m | 441.3m | 453.9m | 472.6m | 521.7m | 547.5m | 576.9m | 615.5m | 651.1m |
Cost of goods sold | 97.2m | 113.1m | 111.6m | 113.0m | 128.3m | 124.1m | 128.7m | 135.1m | 139.2m |
Gross profit | 301.8m | 328.2m | 342.3m | 359.6m | 393.4m | 423.4m | 448.2m | 480.4m | 511.9m |
Gross profit Margin, % | 76% | 74% | 75% | 76% | 75% | 77% | 78% | 78% | 79% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 835.6m | 972.1m | 1.2b | 1.2b | 1.0b | 1.2b | 626.1m | 916.4m | 882.3m |
Accounts Receivable | 313.1m | 333.6m | 324.4m | 381.0m | 403.1m | 384.1m | 474.7m | 498.7m | 546.6m |
Prepaid Expenses | 38.8m | 39.3m | 38.7m | 42.1m | 41.7m | 42.6m | 54.3m | 57.1m | 46.8m |
Inventories | 80.0m | 78.2m | 80.8m | 88.4m | 85.7m | 99.2m | 105.0m | 126.0m | 134.5m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 41.6m | 90.9m | 149.6m | 58.8m | 131.5m | 211.3m | 104.0m | 216.1m | 341.8m |
Depreciation and Amortization | 13.2m | 26.8m | 41.0m | 15.7m | 30.9m | 45.9m | 17.6m | 35.4m | 52.1m |
Inventories | (7.3m) | (10.8m) | (19.0m) | (2.6m) | (5.5m) | (25.2m) | 6.7m | (17.9m) | (31.0m) |
Accounts Payable | (13.6m) | (9.1m) | (4.9m) | (18.0m) | (14.6m) | (6.2m) | (9.0m) | 9.7m | (4.2m) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 295.1k |
Financial Leverage | 3.8 x |
P/E Ratio | 242.7 |
Fortinet Operating Metrics
| Q1, 2014 | Q2, 2014 | Q3, 2014 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Jun, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | $1.80 b | $463.20 m | $513.40 m | $527.50 m | $2.15 b | $551.60 m | $622.40 m | $626.60 m | $2.60 b | $667.80 m | $711.50 m | $749.80 m | |
Countries | 30 | 70 | 80 | 80 | 70 | 80 | ||||||||||||||||||||||
Patents Issued | 191 | 278 | 358 | 380 | 467 | 596 | 626 | |||||||||||||||||||||
Patents Pending | 156 | 236 | 292 | 298 | 291 | 199 | 175 |
Fortinet Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Panopta | December 08, 2020 | |
| OPAQ Networks | July 21, 2020 | |
| CyberSponse | December 12, 2019 | |
| enSilo | October 28, 2019 | |
| ZoneFox | October 23, 2018 | |
| Bradford Networks | June 04, 2018 | |
| AccelOps | June 07, 2016 | |
| Meru Networks | May 27, 2015 | $44 m |
| Coyote Point Systems | March 22, 2013 | |
| 3Crowd Technologies | December 01, 2012 |
Fortinet Revenue Breakdown
Fortinet revenue breakdown by business segment: 34.8% from Security Subscription, 28.6% from Technical Support and other and 36.6% from Products
Fortinet revenue breakdown by geographic segment: 42.5% from Americas, 37.7% from EMEA and 19.7% from APAC
Fortinet Cybersecurity Score
Fortinet Environment, Social & Governance (ESG) Ratings
Fortinet Online and Social Media Presence
125.34k Twitter followers
Fortinet has 125.34k Twitter Followers. The number of followers has decreased 0.1% month over month and increased 0.3% quarter over quarter
Fortinet's Trends
Twitter Engagement Stats for @Fortinet
14.7k
Tweets
3.3k
Following
125.3k
Followers
127
Tweets last 30 days
3.7
Avg. likes per Tweet
96.9%
Tweets with engagement
Fortinet Company Culture
Overall Culture
C
66/100
CEO Rating
D-
59/100
Compensation
B
72/100
Diversity
A
82/100
Fortinet News and Updates
January 06, 2021
Fortinet Extends Availability of Free Self-Paced NSE Cybersecurity Training Courses to Further Build Industry’s Workforce
In Response to Widening Cybersecurity Skills Gap and Strong Demand, Fortinet to Continue Offering Entire Catalogue of Self-paced Network Security Expert Training at No Cost for the Foreseeable Future In Response to Widening Cybersecurity Skills Gap and Strong Demand, Fortinet to Continue Offering En…
January 04, 2021
Fortinet to Announce Fourth Quarter 2020 Financial Results
SUNNYVALE, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its fourth quarter 2020 financial results on Thursday, February 4 at 1:30 p.m. Pacifi…
December 09, 2020
Service Providers Choose Fortinet Secure SD-WAN to Deliver Innovative Value-Add Offerings for Customers
Fortinet’s Extensive List of Global Organizations Using Secure SD-WAN Expands to include Fireminds, Netpluz, NG-BLU Networks, MTN Business Kenya, TPx and Vox Telecom Fortinet’s Extensive List of Global Organizations Using Secure SD-WAN Expands to include Fireminds, Netpluz, NG-BLU Networks, MTN Busi…
December 08, 2020
Fortinet Acquires Network Monitoring and Remediation Innovator Panopta
Panopta SaaS-based Hybrid Infrastructure Monitoring and Diagnostics Platform to Further Ensure Fortinet Customer Networks are High Performing and Secure Through Automated NetSec Ops Panopta SaaS-based Hybrid Infrastructure Monitoring and Diagnostics Platform to Further Ensure Fortinet Customer Netwo…
December 03, 2020
Fortinet Collaborates with AWS to Deliver an Integrated Next-Generation Firewall Solution to Protect Customer Workloads on AWS
Fortinet Continues to Build Cybersecurity Solutions with AWS Services, including AWS Gateway Load Balancer, AWS Outposts, AWS Network Firewall and AWS Transit Gateway
December 02, 2020
Fortinet Announces Industry’s First Secure SD-WAN Appliances for Operational Technology Environments
FortiGate Rugged 60F Next-generation Firewalls Bring Easy-to-Deploy SD-WAN and Integrated Advanced Security to OT Networks FortiGate Rugged 60F Next-generation Firewalls Bring Easy-to-Deploy SD-WAN and Integrated Advanced Security to OT Networks
Fortinet Frequently Asked Questions
When was Fortinet founded?
Fortinet was founded in 2000.
Who are Fortinet key executives?
Fortinet's key executives are Ken Xie, Michael Xie and Keith Jensen.
How many employees does Fortinet have?
Fortinet has 8,075 employees.
What is Fortinet revenue?
Latest Fortinet annual revenue is $2.2 b.
What is Fortinet revenue per employee?
Latest Fortinet revenue per employee is $267 k.
Who are Fortinet competitors?
Competitors of Fortinet include ForeScout Technologies, Forcepoint and SonicWALL.
Where is Fortinet headquarters?
Fortinet headquarters is located at 899 Kifer Rd, Sunnyvale.
Where are Fortinet offices?
Fortinet has offices in Sunnyvale, New York, Plano, Reston and in 48 other locations.
How many offices does Fortinet have?
Fortinet has 57 offices.
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