OverviewSuggest Edit

Fortinet is a provider of network security appliances and unified threat management (UTM). It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration.

TypePublic
Founded2000
HQSunnyvale, US
Websitefortinet.com
Employee Ratings4.5

Latest Updates

Employees (est.) (Dec 2019)7,082(+8%)
Job Openings422
Revenue (FY, 2019)$2.2 B(+20%)
Share Price (Jun 2020)$133.5
Cybersecurity ratingFMore

Key People/Management at Fortinet

Ken Xie

Ken Xie

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

Michael Xie

Founder, President, and Chief Technology Officer
Keith Jensen

Keith Jensen

Chief Financial Officer
Philip Quade

Philip Quade

Chief Information Security Officer
Patrice Perche

Patrice Perche

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

John Maddison

Chief Marketing Officer and Executive Vice President, Products
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Fortinet Office Locations

Fortinet has offices in Sunnyvale, New York, Plano, Reston and in 49 other locations
Sunnyvale, US (HQ)
899 Kifer Rd
New York, US
4400 1 Pennsylvania Plaza
Plano, US
6111 W Plano Pkwy
Reston, US
12005 Sunrise Valley Dr #204
Sunrise, US
13450 W Sunrise Blvd #430Sunrise
Union City, US
1570 Atlantic St
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Fortinet Financials and Metrics

Fortinet Revenue

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Fortinet's revenue was reported to be $2.16 b in FY, 2019
USD

Revenue (Q1, 2020)

576.9m

Gross profit (Q1, 2020)

448.2m

Gross profit margin (Q1, 2020), %

77.7%

Net income (Q1, 2020)

99.8m

EBIT (Q1, 2020)

115.9m

Market capitalization (29-Jun-2020)

21.6b

Closing stock price (29-Jun-2020)

133.5

Cash (31-Mar-2020)

626.1m
Fortinet's current market capitalization is $21.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.3b1.5b1.8b2.2b

Revenue growth, %

26%17%20%

Cost of goods sold

337.8m385.3m450.4m505.9m

Gross profit

937.6m1.1b1.4b1.7b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

709.0m811.0m1.1b1.2b

Accounts Receivable

313.0m348.2m444.5m544.3m

Prepaid Expenses

33.3m40.1m36.8m41.2m

Inventories

106.9m77.3m90.0m117.9m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

32.2m31.4m332.2m326.5m

Depreciation and Amortization

53.3m58.0m146.0m61.6m

Inventories

(43.0m)9.4m(33.4m)(48.5m)

Accounts Payable

39.0k13.1m14.6m7.7m
USDQ1, 2016

Financial Leverage

2.4 x
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Fortinet Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Jun, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

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

Countries

30 70 80 80 70

Patents Issued

191 278 358 380 467 596

Patents Pending

156 236 292 298 291 199
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Fortinet Acquisitions / Subsidiaries

Company NameDateDeal Size
CyberSponseDecember 12, 2019
enSiloOctober 28, 2019
ZoneFoxOctober 23, 2018
Accelops China
Accelops HK
Bradford Networks Europe Limited
Bradford Networks, Inc.
Fortinet BV
Fortinet Colombia S.A.S
Fortinet Federal, Inc.
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Fortinet Cybersecurity Score

Cybersecurity ratingPremium dataset

F

54/100

SecurityScorecard logo

Fortinet Revenue Breakdown

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Fortinet revenue breakdown by geographic segment: 37.6% from EMEA, 42.4% from Americas and 20.0% from APAC

Fortinet Online and Social Media Presence

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Fortinet News and Updates

Fortinet Achieves MEF 3.0 SD-WAN Certification

Demonstrates Fortinet Secure SD-WAN’s Ability to Comply with the Highest Industry Standards Required by Service Providers to Deliver SD-WAN Services Demonstrates Fortinet Secure SD-WAN’s Ability to Comply with the Highest Industry Standards Required by Service Providers to Deliver SD-WAN Services

Fortinet Lauded by Frost & Sullivan for Dominating the KSA Network Security Market with its Comprehensive Network Security Solutions

Fortinet's holistic, integrated, and automated approach towards network security for a highly connected ecosystem sets it apart in a competitive market LONDON, June 3, 2020 /PRNewswire/ -- Based on its recent analysis of the MEASA network security provider market, Frost & Sullivan...

Fortinet Recognized as a 2020 Gartner Peer Insights Customers’ Choice for WAN Edge Infrastructure

Customer Feedback and High Ratings Acknowledge Fortinet Secure SD-WAN Customer Feedback and High Ratings Acknowledge Fortinet Secure SD-WAN

Thinking about trading options or stock in Apple, Alibaba, Fortinet, Kimberly Clark, or Mcdonald's?

NEW YORK, March 20, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, BABA, FTNT, KMB, and MCD. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Veteran Sales Executive Kelly Ducourty Joins Fortinet Board of Directors

Kelly’s proven enterprise sales operations and enablement experience and commitment to effective growth and scale is incredibly valuable. Fortinet will greatly benefit from her current and past sales leadership experience as Fortinet continues to execute on the company’s business and growth strategy…

Fortinet Next-generation Firewalls Provide Routing, VPN Management and Security Enforcement to Aptilo IoT Connectivity Control Service

STOCKHOLM, Feb. 25, 2020 /PRNewswire/ -- Aptilo Networks has selected the FortiGate next-generation firewalls (NGFWs) from Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, to enforce agile, intelligent connectivity and security for the new Aptilo IoT...
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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 7,082 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 $304.5 k.

  • Who are Fortinet competitors?

    Competitors of Fortinet include WatchGuard, Sophos and FireEye.

  • 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 49 other locations.

  • How many offices does Fortinet have?

    Fortinet has 58 offices.