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)+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, 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 Data and Metrics

Fortinet Financial Metrics

Fortinet's revenue was reported to be $340.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

340.6 m

Gross profit (Q1, 2017)

250 m

Gross profit margin (Q1, 2017), %

73%

Net income (Q1, 2017)

10.7 m

EBIT (Q1, 2017)

5.4 m

Market capitalization (21-Jul-2017)

7.2 b

Cash (31-Mar-2017)

823.2 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

Gross profit Margin, %

71%70%72%74%

Sales and marketing expense

626.5 m

R&D expense

183.1 m

General and administrative expense

81.1 m

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

184.1 m193.3 m212.9 m239.8 m260.1 m284.6 m311.4 m316.6 m340.6 m

Cost of goods sold

57.8 m56.9 m63.6 m69.5 m71.7 m77.7 m84.5 m84.8 m90.6 m

Gross profit

126.3 m136.5 m149.3 m170.3 m188.4 m206.8 m226.9 m231.8 m250 m

Gross profit Margin, %

69%71%70%71%72%73%73%73%73%

Sales and marketing expense

74.8 m80.4 m100.6 m111.9 m121 m147.4 m162.7 m154.8 m170.4 m

R&D expense

29.9 m30.8 m35.8 m37.4 m42.1 m45 m45.5 m47.2 m51.2 m

General and administrative expense

10.4 m9.8 m12 m18 m21.2 m19.8 m22.2 m22 m22.6 m

Operating expense total

115.2 m121 m148.4 m167.3 m184.3 m212.2 m230.4 m224.1 m244.2 m

EBIT

11.1 m15.5 m898 k3 m(1.8 m)(5.7 m)(4 m)5.5 m5.4 m

EBIT margin, %

6%8%0%1%(1%)(2%)(1%)2%2%

Interest income

1.3 m1.3 m1.4 m1.4 m1.3 m1.7 m1.7 m1.9 m2.4 m

Pre tax profit

11.9 m15.8 m1.6 m3.5 m(1.2 m)(5.2 m)(3.7 m)6.6 m8.1 m

Income tax expense

5.8 m11.7 m83 k2.7 m(9.3 m)(1.8 m)(2.3 m)298 k

Net Income

6.1 m4.1 m1.6 m792 k8.2 m(3.4 m)(1.4 m)6.3 m10.7 m
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

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

Total Liabilities

1.3 b

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

203.9 m258.1 m386.4 m481.4 m540.7 m568 m596.4 m647.5 m823.2 m

Inventories

46.8 m51.3 m72.1 m68.8 m80.7 m78.2 m81.2 m93.7 m105 m

Current Assets

806.9 m896.4 m1.1 b1.2 b1.3 b1.3 b1.4 b1.4 b1.6 b

Goodwill

2.8 m2.8 m2.8 m2.8 m4.3 m4.7 m14.2 m14.6 m14.6 m

Total Assets

1.3 b1.3 b1.5 b1.6 b1.7 b1.8 b2 b2 b2.3 b

Accounts Payable

35.8 m36.5 m40.2 m42.3 m48.8 m48 m56.9 m57.5 m48.7 m

Current Liabilities

426.1 m434.5 m518.6 m565.3 m603.1 m687.3 m732 m750.4 m856.6 m

Additional Paid-in Capital

507.1 m537.5 m604.1 m635 m671.1 m718.8 m744.9 m779.7 m850.2 m

Retained Earnings

116.8 m111.5 m115.2 m116 m124.2 m23.1 m58.8 m43.1 m48.3 m

Total Equity

750.8 m795.4 m742.4 m804.6 m823.1 m898.2 m

Financial Leverage

2.1 x2.1 x2.4 x2.4 x2.4 x2.5 x
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

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)
USDY, 2017

Revenue/Employee

73 k

Financial Leverage

2.5 x

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

    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

    You may also be interested in