Fortinet
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Fortinet

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    • Technologycloudcybersecurityenterprise softwarenetworkingrisk management
    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.
    Revenue(FY, 2017)
    $1.5 B
    Market capitalization(2018-08-14)
    $12.9 B
    Type
    Public
    HQ
    Sunnyvale, US
    Founded
    2000
    Size (employees)
    4,665 (est)
    Website
    fortinet.com
    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
    Show all (45)
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    Fortinet Financials and Metrics

    Fortinet Revenue

    Embed Graph
    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%
    show all
    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
    show all
    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
    show all
    Show all financial metrics

    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
    Show all operating metrics
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    Competitors

    WatchGuard
    Technology - Subsidiary
    Check Point Software Technologies
    Technology - Public
    Sophos
    Communications - Public
    FireEye
    Technology - Public
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    Fortinet Online and Social Media Presence

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    Fortinet News and Updates

    August 13, 2018

    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
    August 09, 2018

    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
    August 07, 2018

    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 …
    August 02, 2018

    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, …
    August 01, 2018

    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…
    July 23, 2018

    Using Ratios To Identify Stocks Set To Outperform Their Peers: Cyber Security Rankings Update

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    Fortinet Company Life and Culture

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