Fortinet

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.
Company Growth (employees)
Type
Public
HQ
Sunnyvale, US
Founded
2000
Size (employees)
4,665 (est)
Fortinet was founded in 2000 and is headquartered in Sunnyvale, US

Key People/Management at Fortinet

Ken Xie

Ken Xie

Founder, Chairman of the Board, and Chief Executive Officer (CEO)
Andrew Del Matto

Andrew Del Matto

Chief Financial Officer (CFO)
Keith Jensen

Keith Jensen

Chief Accounting Officer (CAO)
Patrice Perche

Patrice Perche

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

John Maddison

Sr. Vice President, Products and Solutions
Lisa McGill

Lisa McGill

Sr. Vice President of People
John Whittle

John Whittle

Vice President, Corporate Development and Strategic Alliances, General Counsel
Michael Xie

Michael Xie

Founder, President, and Chief Technology Officer (CTO)

Fortinet Office Locations

Fortinet has offices in Sunnyvale, Valbonne, Kuala Lumpur, New York and in 40 other locations
Sunnyvale, US (HQ)
899 Kifer Rd
Bangkok, TH
999/9 Rama 1 Road
Rochester, US
1200 Brooks Ave
Singapore, SG
The Concourse
Johor Bahru, MY
1 Jalan Indah 5/20
Kuala Lumpur, MY
Menara Keck Seng 203 Jalan Bukit Bintang
Show all (45)

Fortinet Financials and Metrics

Fortinet Financials

Fortinet's revenue was reported to be $1.3 b in FY, 2016
USD

Revenue (Q3, 2017)

374.2 m

Gross profit (Q3, 2017)

280.6 m

Gross profit margin (Q3, 2017), %

75%

Net income (Q3, 2017)

26.6 m

EBIT (Q3, 2017)

33.7 m

Market capitalization (13-Nov-2017)

7.2 b

Cash (30-Sep-2017)

905.8 m
Fortinet's current market capitalization is $7.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

615.3 m770.4 m1 b1.3 b

Revenue growth, %

25%31%26%

Cost of goods sold

180.6 m231 m286.8 m337.8 m

Gross profit

434.7 m539.4 m722.5 m937.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

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 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%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

115.9 m283.3 m543.3 m709 m

Inventories

14.1 m31.1 m35.8 m106.9 m

Current Assets

735.5 m1 b1.3 b1.5 b

Goodwill

2.9 m2.8 m4.7 m14.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

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 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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

44.3 m25.3 m8 m32.2 m

Depreciation and Amortization

15.6 m22 m31.6 m48.5 m

Inventories

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

Accounts Payable

10.5 m18 m(2.5 m)39 k
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

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
Y, 2017

Financial Leverage

2.7 x
Show all financial metrics

Fortinet Operating Metrics

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

Billings

$187.62 m$213 m$213.16 m$896.49 m$254.3 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

Patents Issued

191278358380

Patents Pending

156236292298

Countries

307080
Show all operating metrics

Fortinet Market Value History

Fortinet Median Salaries

Source: 268 public H-1B filings from Fortinet

Fortinet's Web-traffic and Trends

Fortinet Online and Social Media Presence

Fortinet News and Updates

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DHS: KRACK vulnerability puts every Wi-Fi connection at risk

A Belgian researcher discovered a flaw in the protocol that could allow a hacker to hijack connections, launch man-in-the-middle attacks, view communications and decrypt traffic on all Wi-Fi-enabled devices.

Wireless Security System Market Professional Survey Report 2017 Analysis and 11% of CAGR between 2017 and 2023

Market Research Future published a research report on “Global Wireless Security System Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Posted via Industry Today. Follow us on Twitter @IndustryToday

Distributed branches embrace SD-WAN security with Fortinet appliances

Per IDC, Fortinet takes title for shipping more appliances than any other vendor Software-defined networking (SDN) has extended to distributed enterprises and branch offices with the emergence of software-defined wide area networking (SD-WAN). Given the cyber threats constantly plaguing distributed …

BYOD Security Market 2015–2021: Top Market Fortinet Inc., Citrix Systems, VMware Inc. & Others

BYOD i.e. bring your own device, is also referred as bring your own technology (BYOT), and bring your own phone (BYOP). Posted via Industry Today. Follow us on Twitter @IndustryToday
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Fortinet Company Life and Culture

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