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

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 Whittle

John Whittle

Vice President, Corporate Development and Strategic Alliances, General Counsel
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
Philip Quade

Philip Quade

Chief Information Security Officer
John Maddison

John Maddison

Sr. Vice President, Products and Solutions
Stacey Wu

Stacey Wu

Sr. Vice President, Global Marketing
Sandra Wheatley

Sandra Wheatley

Sr. Vice President, Global Corporate Communications
Brian Almas

Brian Almas

Senior Vice President, Human Resources

Fortinet Office Locations

Fortinet has offices in Sunnyvale, Valbonne, Kuala Lumpur, New York 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
Valbonne, FR
Orange Labs 905 Rue Albert Einstein
Kuala Lumpur, MY
30 Jalan Sultan Ismail
Singapore, SG
The Concourse
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 (16-Feb-2018)

8.8 b

Cash (30-Sep-2017)

905.8 m
Fortinet's current market capitalization is $8.8 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
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
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, 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
USDY, 2017

Revenue/Employee

80.2 k

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, 2017Q2, 2017Q3, 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$426.89 m$431.7 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 Company Life and Culture

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