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Fortinet

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    • Technologycybersecurityenterprise 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(2018-04-23)
    $10.1 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)
    Patrice Perche

    Patrice Perche

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

    John Whittle

    Vice President, Corporate Development and Strategic Alliances, General Counsel
    Keith Jensen

    Keith Jensen

    Interim Chief Financial Officer (CFO)
    Philip Quade

    Philip Quade

    Chief Information Security Officer
    John Maddison

    John Maddison

    Sr. Vice President, Products and Solutions
    Show more

    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 Financials

    Fortinet's revenue was reported to be $1.49 b in FY, 2017
    USD

    Revenue (FY, 2017)

    		1.5 b

    Gross profit (FY, 2017)

    		1.1 b

    Gross profit margin (FY, 2017), %

    		74.2%

    Net income (FY, 2017)

    		31.4 m

    EBIT (FY, 2017)

    		109.8 m

    Market capitalization (23-Apr-2018)

    		10.1 b

    Cash (31-Dec-2017)

    		811 m
    Fortinet's current market capitalization is $10.1 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, 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%
    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, 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
    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, 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
    show all
    USDY, 2017

    Revenue/Employee

    		320.5 k

    Financial Leverage

    		3.8 x
    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

    FireEye
    Technology - Public
    Sophos
    Communications - Subsidiary
    Check Point Software Technologies
    Technology - Public
    RiskLens
    Technology - Private
    Compare competitors

    Fortinet News and Updates

    April 23, 2018

    Cyber Threat Alliance blows out one candle on its celebratory cake

    With tens of thousands of cybersecurity professionals attending the RSA Conference in San Francisco, California, this month, the chances were good that a few of them celebrated birthdays. But it’s unlikely that any of them celebrated a birthday as recent as Michael Daniel (pictured), because his mil…
    April 20, 2018

    The art of cybersecurity: Know your enemy and join forces with friends

    It’s a scenario straight from sci-fi; zombies (compromised devices that can be remotely directed) are bonded into hivenets or swarmbots (intelligent clusters of compromised devices) and coordinated to attack with malicious intent. Brave cybersecurity professionals rally to fight the forces of evil, …
    April 17, 2018

    Billion-Dollar Unicorns: Can Fortinet Get To $10 Billion In Revenue?

    April 16, 2018

    Symantec, Fortinet announce new security tools with analytics, automation for cyber response

    Symantec's technology can give hospitals advanced automated detection of targeted attacks while Fortinet's new product helps bridge the gap between network operations and security operations centers.
    March 06, 2018

    Are unified communication systems holding the door open for hackers?

    Protecting an organization’s network might be for nothing if its firewall is opening ports for voice and video communications and doesn’t know when to close them. A denial of service attack on a unified communications system can disrupt more than voice, text and video, potentially allowing hackers t…
    March 06, 2018

    FortiOS 6.0 dynamically covers digital attack surfaces

    Security threats loom larger every day as digital attack surfaces become larger and more dynamic and the bad guys morph fast, creating potential chaos with targeted and zero-day attacks. “A point product these days just can’t cope. … You need solutions against specific threat vectors that are applie…
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