Fortinet

Fortinet is a worldwide 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. Fortinet’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)+17%
Fortinet was founded in 2000 and is headquartered in Sunnyvale, US

Key People 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, Sunrise, Valbonne, Kuala Lumpur 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
Bengaluru, IN
Mg Road
Hong Kong, HK
1508 Cityplaza Phase 3 14 Tai Koo Wan Rd
Sydney, AU
10 2 Loftus St
London, GB
120 Old Broad St
Utrecht, NL
100 Papendorpseweg
Dietlikon, CH
8 Riedmühlestrasse
Stockholm, SE
2 Blekholmsgatan
Alcobendas, ES
2b 24 Av. De Europa
Al Jubail, SA
Riyadh
Oslo, NO
1 Filipstad Brygge
Vimercate, IT
Torre Tiglio 6 Via Torri Bianche
Roma, IT
119 Via Del Casale Solaro
Herzliya, IL
6 Hahoshlim St
Dublin, IE
28 Pembroke Street Upper
Neu Isenburg, DE
175 181 Frankfurter Str.
Frankfurt Am Main, DE
35 Feldbergstraße
Seillons Source D'argens, FR
Paris
Espoo, FI
16 Keilaranta
Hellerup, DK
12 Tuborg Blvd.
Prague, CZ
Pekařská A33 Upolínová
Machelen, BE
5 Pegasuslaan
Wien, AT
7 Wienerbergstraße
Colonia Juárez, MX
Paseo De La Reforma
Ottawa, CA
1826 Robertson Rd
Burnaby, CA
400 4190 Still Creek Dr
Sunrise, US
430 13450 W Sunrise Blvd
Reston, US
140 12005 Sunrise Valley Dr
New York, US
4400 1 Pennsylvania Plaza
Kuala Lumpur, MY
30 Jalan Sultan Ismail
Valbonne, FR
Orange Labs 905 Rue Albert Einstein
Sunrise, US
430 13450 W Sunrise Blvd

Fortinet Data and Metrics

Fortinet Financial Metrics

Fortinet's revenue was reported to be $1.3 b in FY, 2016 which is a 26% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

1.3 b

Revenue growth (FY, 2015 - FY, 2016), %

26%

Gross profit (FY, 2016)

937.6 m

Gross profit margin (FY, 2016), %

74%

Net income (FY, 2016)

32.2 m

EBIT (FY, 2016)

42.9 m

Market capitalization (26-May-2017)

6.9 b

Closing share price (26-May-2017)

39.7

Cash (31-Dec-2016)

709 m
Fortinet's current market capitalization is $6.9 b.
Numbers are in $, 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

Gross profit Margin, %

71%70%72%74%

Operating expense total

362.6 m480 m707.6 m894.7 m

EBIT

72.1 m59.3 m14.9 m42.9 m

EBIT margin, %

12%8%1%3%

Interest income

5.3 m5.4 m5.3 m7.3 m

Pre tax profit

75.9 m61.5 m17 m43.1 m

Income tax expense

31.7 m36.2 m9 m11 m

Net Income

44.3 m25.3 m8 m32.2 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

115.9 m283.3 m543.3 m709 m

Accounts Receivable

Inventories

14.1 m31.1 m35.8 m33.3 m

Current Assets

735.5 m1 b1.3 b1.5 b

Goodwill

2.9 m2.8 m4.7 m14.6 m

Total Assets

1.2 b1.4 b1.8 b2.1 b

Accounts Payable

35.6 m49.9 m61.5 m56.7 m

Current Liabilities

413.1 m496.5 m678.7 m829.4 m

Additional Paid-in Capital

462.6 m562.5 m687.7 m800.7 m

Retained Earnings

121.9 m113.6 m68.5 m37.6 m

Total Equity

585.8 m755.4 m837.7 m

Financial Leverage

2 x2.4 x2.6 x
Numbers are in $, 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

Accounts Receivable

Inventories

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

Accounts Payable

10.5 m18 m(2.5 m)39 k

Cash From Operating Activities

147.4 m196.6 m282.5 m345.7 m

Purchases of PP&E

(13.9 m)(32.2 m)(37.4 m)(67.2 m)

Cash From Investing Activities

(146.7 m)(29.4 m)(967 k)(74.1 m)

Cash From Financing Activities

(6.4 m)749 k(21.6 m)(105.9 m)
Numbers are in $, USDY, 2016

Revenue/Employee

317.4 k

Financial Leverage

2.6 x

Fortinet Market Value History

Fortinet Median Salaries

Source: 268 public H-1B filings from Fortinet

Fortinet Online and Social Media Presence

Fortinet News and Updates

Fortinet Company Life and Culture

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