OverviewSuggest Edit
Fortinet is a company providing network security solutions. It delivers visibility and segmentation of the digital attack surface through the integrated Fortinet Security Fabric platform. The company specializes in network, infrastructure, cloud security, as well as endpoint protection, Internet of things, and operational technology security.
| Type | Public | |
| Founded | 2000 | |
| HQ | Sunnyvale, CA, US | Map |
| Website | fortinet.com | |
| Employee Ratings | More | |
| Overall Culture | C+ | More |
Recent NewsAll News
- Fortinet and Linksys joint venture delivers first - of - its - kind secure enterprise solution to support remote and hybrid work
- Fortinet and Linksys Joint Venture Delivers First-of-its-Kind Secure Enterprise Solution to Support Remote and Hybrid Work
- Fortinet and Linksys Joint Venture Delivers First - of - its - Kind Secure Enterprise Solution to Support Remote and Hybrid Work
- Fortinet Pledges To Train 1 Million People to Help Close the Cybersecurity Skills Gap Following White House Summit
Key People/Management at Fortinet
Ken Xie
Founder, Chairman of the Board and Chief Executive Officer (CEO)
Michael Xie
Founder, President and Chief Technology Officer (CTO)
Keith Jensen
Chief Financial Officer
Patrice Perche
Chief Revenue Officer & EVP Support
John Maddison
Chief Marketing Officer and Executive Vice President, Products
Sandra Wheatley
Senior Vice President, Marketing, Threat Intelligence and Influencer Communications
Fortinet Office Locations
Fortinet has offices in Sunnyvale, New York, Plano, Reston and in 50 other locations
Sunnyvale, CA, US (HQ)
899 Kifer Rd
New York, NY, US
4400 1 Pennsylvania Plaza
Plano, TX, US
6111 W Plano Pkwy
Reston, VA, US
12005 Sunrise Valley Dr #204
Sunrise, FL, US
13450 W Sunrise Blvd Suite 430
Union City, CA, US
1570 Atlantic St
Fortinet Financials and Metrics
Fortinet Revenue
Fortinet's revenue was reported to be $2.59 b in FY, 2020 which is a 20.3% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2021) | 710.3m |
Gross profit (Q1, 2021) | 553.7m |
Gross profit margin (Q1, 2021), % | 78% |
Net income (Q1, 2021) | 107.2m |
EBIT (Q1, 2021) | 121.6m |
Market capitalization (14-Sept-2021) | 49.1b |
Closing stock price (14-Sept-2021) | 300.6 |
Cash (31-Mar-2021) | 1.9b |
Fortinet's current market capitalization is $49.1 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 399.0m | 441.3m | 453.9m | 472.6m | 521.7m | 547.5m | 576.9m | 615.5m | 651.1m | 710.3m |
Cost of goods sold | 97.2m | 113.1m | 111.6m | 113.0m | 128.3m | 124.1m | 128.7m | 135.1m | 139.2m | 156.6m |
Gross profit | 301.8m | 328.2m | 342.3m | 359.6m | 393.4m | 423.4m | 448.2m | 480.4m | 511.9m | 553.7m |
Gross profit Margin, % | 76% | 74% | 75% | 76% | 75% | 77% | 78% | 78% | 79% | 78% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 835.6m | 972.1m | 1.2b | 1.2b | 1.0b | 1.2b | 626.1m | 916.4m | 882.3m | 1.9b |
Accounts Receivable | 313.1m | 333.6m | 324.4m | 381.0m | 403.1m | 384.1m | 474.7m | 498.7m | 546.6m | 637.3m |
Prepaid Expenses | 57.4m | |||||||||
Inventories | 80.0m | 78.2m | 80.8m | 88.4m | 85.7m | 99.2m | 105.0m | 126.0m | 134.5m | 149.6m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 41.6m | 90.9m | 149.6m | 58.8m | 131.5m | 211.3m | 104.0m | 216.1m | 341.8m | 107.2m |
Depreciation and Amortization | 13.2m | 26.8m | 41.0m | 15.7m | 30.9m | 45.9m | 17.6m | 35.4m | 52.1m | 17.3m |
Inventories | (7.3m) | (10.8m) | (19.0m) | (2.6m) | (5.5m) | (25.2m) | 6.7m | (17.9m) | (31.0m) | (14.7m) |
Accounts Payable | (13.6m) | (9.1m) | (4.9m) | (18.0m) | (14.6m) | (6.2m) | (9.0m) | 9.7m | (4.2m) | (12.4m) |
| USD | Q1, 2018 |
|---|---|
Revenue/Employee | 75.6k |
Financial Leverage | 3.5 x |
Fortinet Operating Metrics
| Q1, 2014 | Q2, 2014 | Q3, 2014 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | $1.8 b | $463.2 m | $513.4 m | $527.5 m | $2.15 b | $551.6 m | $622.4 m | $626.6 m | $2.6 b | $667.8 m | $711.5 m | $749.8 m | $3.09 b |
Countries | 30 | 70 | 80 | 80 | 70 | 80 | 80 | |||||||||||||||||||||
Patents Issued | 191 | 278 | 358 | 467 | 596 | 626 | 716 | |||||||||||||||||||||
Patents Pending | 156 | 236 | 292 | 291 | 199 | 175 | 194 |
Fortinet Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| ShieldX Networks | March 22, 2021 | |
| Panopta | December 08, 2020 | |
| OPAQ Networks | July 21, 2020 | |
| CyberSponse | December 12, 2019 | |
| enSilo | October 28, 2019 | |
| ZoneFox | October 23, 2018 | |
| Bradford Networks | June 04, 2018 | |
| AccelOps | June 07, 2016 | |
| Meru Networks | May 27, 2015 | $44 m |
| Coyote Point Systems | March 22, 2013 |
Fortinet Revenue Breakdown
Fortinet revenue breakdown by business segment: 35.4% from Security Subscription, 29.3% from Technical Support and other and 35.3% from Products
Fortinet revenue breakdown by geographic segment: 41.5% from Americas, 38.2% from EMEA and 20.2% from APAC
Fortinet Cybersecurity Score
Fortinet Online and Social Media Presence
127.05k Twitter followers
Fortinet has 127.05k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.6% quarter over quarter
Fortinet's Trends
Twitter Engagement Stats for @Fortinet
15.8k
Tweets
3.3k
Following
127k
Followers
153
Tweets last 30 days
6.6
Avg. likes per Tweet
100%
Tweets with engagement
Fortinet Company Culture
Overall Culture
C+
68/100
CEO Rating
B-
69/100
Compensation
B
76/100
Diversity
B-
70/100
Fortinet News and Updates
September 14, 2021
Fortinet and Linksys joint venture delivers first - of - its - kind secure enterprise solution to support remote and hybrid work
Fortinet and Linksys joint venture delivers first - of - its - kind secure enterprise solution to support remote and hybrid work
September 13, 2021
Fortinet and Linksys Joint Venture Delivers First-of-its-Kind Secure Enterprise Solution to Support Remote and Hybrid Work
Fortinet (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, and Linksys, a global leader in wireless networking products, today announced a new joint solution to enable enterprise organizations to support and secure work-from-home networks. Linksys HomeWRK fo…
September 13, 2021
Fortinet and Linksys Joint Venture Delivers First - of - its - Kind Secure Enterprise Solution to Support Remote and Hybrid Work
Fortinet and Linksys Joint Venture Delivers First - of - its - Kind Secure Enterprise Solution to Support Remote and Hybrid Work
September 08, 2021
Fortinet Pledges To Train 1 Million People to Help Close the Cybersecurity Skills Gap Following White House Summit
“On the heels of the Biden Administration calling for cross-sector leaders to tackle the cybersecurity challenges affecting organizations and people globally, Fortinet is furthering its commitment to significantly reduce the cyber skills gap as part of this initiative. With the rise of sophisticated…
August 25, 2021
Fortinet Brings Together World’s Best Players and Technology Leaders with Security Summit at PGA TOUR’s Fortinet Championship
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced several initiatives as part of the upcoming Fortinet Championship. This premier event will kickoff the 2021-22 PGA TOUR Season and will be held in Napa, California at the Silverado R…
August 25, 2021
Fortinet and Dragos Expand Partnership to Further Secure OT Infrastructure
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today announced that Fortinet’s FortiGate will be the first firewall integrated into the Dragos Platform, extending the benefits of the Security Fabric platform and leveraging its purpose-built Sec…
Fortinet Frequently Asked Questions
When was Fortinet founded?
Fortinet was founded in 2000.
Who are Fortinet key executives?
Fortinet's key executives are Ken Xie, Michael Xie and Keith Jensen.
How many employees does Fortinet have?
Fortinet has 9,043 employees.
What is Fortinet revenue?
Latest Fortinet annual revenue is $2.6 b.
What is Fortinet revenue per employee?
Latest Fortinet revenue per employee is $286.9 k.
Who are Fortinet competitors?
Competitors of Fortinet include Oracle America, ForeScout Technologies and Forcepoint.
Where is Fortinet headquarters?
Fortinet headquarters is located at 899 Kifer Rd, Sunnyvale.
Where are Fortinet offices?
Fortinet has offices in Sunnyvale, New York, Plano, Reston and in 50 other locations.
How many offices does Fortinet have?
Fortinet has 58 offices.
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