Fortinet
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Fortinet

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    • Technologycloudcybersecurityenterprise software
    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(2019-01-17)
    $12.4 B

    Employee Rating

    4.2More
    TypePublic
    HQSunnyvale, US
    Founded2000
    Size (employees)5,639 (est)+12%
    Websitefortinet.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)
    Michael Xie

    Michael Xie

    Founder, President, and Chief Technology Officer (CTO)
    Keith Jensen

    Keith Jensen

    CFO
    Philip Quade

    Philip Quade

    Chief Information Security Officer
    Patrice Perche

    Patrice Perche

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

    John Maddison

    Sr. Vice President, Products and Solutions
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    Fortinet Office Locations

    Fortinet has offices in Sunnyvale, Sunrise, Rochester, Reston 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 Revenue

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

    Revenue (Q1, 2018)

    		399.0m

    Market capitalization (17-Jan-2019)

    		12.4b

    Closing stock price (17-Jan-2019)

    		72.7
    Fortinet's current market capitalization is $12.4 b.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		615.3m770.4m1.0b1.3b1.5b

    Revenue growth, %

    		25%31%26%

    Cost of goods sold

    		180.6m231.0m286.8m337.8m385.3m

    Gross profit

    		434.7m539.4m722.5m937.6m1.1b
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

    Revenue

    		154.7m168.9m184.1m193.3m212.9m239.8m260.1m284.6m311.4m316.6m340.6m363.5m374.2m399.0m

    Cost of goods sold

    		43.9m50.7m57.8m56.9m63.6m69.5m71.7m77.7m84.5m84.8m90.6m95.7m93.6m

    Gross profit

    		110.8m118.2m126.3m136.5m149.3m170.3m188.4m206.8m226.9m231.8m250.0m267.8m280.6m

    Gross profit Margin, %

    		72%70%69%71%70%71%72%73%73%73%73%74%75%
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    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		115.9m283.3m543.3m709.0m811.0m

    Accounts Receivable

    Inventories

    		48.7m31.1m83.9m106.9m77.3m

    Current Assets

    		735.5m1.0b1.3b1.5b1.7b
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

    Cash

    		144.5m173.0m203.9m258.1m386.4m481.4m540.7m568.0m596.4m647.5m823.2m853.1m905.8m

    Inventories

    		46.9m43.3m46.8m51.3m72.1m68.8m80.7m78.2m81.2m93.7m105.0m86.4m73.6m80.0m

    Current Assets

    		706.0m781.5m806.9m896.4m1.1b1.2b1.3b1.3b1.4b1.4b1.6b1.6b1.7b

    Goodwill

    		2.8m2.8m2.8m2.8m2.8m4.3m4.7m14.2m14.6m14.6m14.6m14.6m
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    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		44.3m25.3m8.0m32.2m31.4m

    Depreciation and Amortization

    		15.6m22.0m31.6m48.5m55.5m

    Inventories

    		(35.1m)(16.0m)(19.1m)(43.0m)9.4m

    Accounts Payable

    		10.5m18.0m(2.5m)39.0k13.1m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018

    Net Income

    		32.3m8.4m6.1m18.5m1.6m2.4m10.5m(3.4m)730.0k7.0m10.7m33.8m60.4m

    Depreciation and Amortization

    		11.5m4.4m16.5m13.4m22.2m10.6m21.8m34.9m13.5m27.5m41.2m41.0m

    Inventories

    		(31.3m)3.3m46.8m(11.1m)72.1m(7.9m)(12.4m)(527.0k)(8.0m)(24.6m)(3.5m)9.8m17.7m(19.0m)

    Accounts Payable

    		11.1m(6.0m)35.8m3.8m40.2m(8.4m)(9.8m)(11.4m)(130.0k)(1.6m)(8.3m)(19.9m)(16.5m)
    show all
    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
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    Fortinet Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    ZoneFoxOctober 23, 2018
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    Competitors

    Netgear
    Mobile & Telecommunications - Public
    AstroNova
    Manufacturing & Industrial - Public
    FireEye
    Technology - Public
    Sophos
    Mobile & Telecommunications - Public
    Check Point Software
    Technology - Public
    WatchGuard
    Technology - Subsidiary
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    Fortinet Online and Social Media Presence

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    Fortinet News and Updates

    January 10, 2019

    Global Multi-Service Business Gateways Market Is Booming Worldwide | ADTRAN ,AudioCodes ,Cisco Systems ,Fortinet ,LSI Corporation ,Samsung Electronics ,Freescale Semiconductor

    Global Multi-Service Business Gateways market research report offers in-depth analysis of the market size (revenue), market share, major market segments and different geographic regions, forecast for the next Five years, key market players and industry trends. Posted via Industry Today. Follow us on…
    December 10, 2018

    Web Content Filtering Market Is Booming Worldwide | MacAfee, Cisco, Fortinet

    HTF MI recently introduced Global Web Content Filtering Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. Posted via Industry Today. Follow us on Twitter @IndustryToday
    November 30, 2018

    Network Security Sandbox 2018 Global Market Key Players - Check Point Software Technologies Ltd, Cisco, FireEye, Inc., Fortinet, Inc., McAfee, Inc., Symantec Corporation, Lastline Inc.......

    Network Security Sandbox – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
    November 28, 2018

    Fortinet Introduces New Security Automation Capabilities on Amazon Web Services, Expands Fortinet Security Fabric Offerings

    LAS VEGAS, Nov. 28, 2018 (GLOBE NEWSWIRE) -- AWS re:Invent -- John Maddison, SVP of products and solutions at Fortinet“Fortinet is committed to helping customers make their journey to the cloud even more secure by expanding our offerings on Amazon Web Services and supporting additional cloud se…
    November 26, 2018

    Firewall as a Service (FWaaS) 2018 Global Market Key Players – CheckPoint Software Technologies, Palo Alto Networks, Fortinet Inc, Cisco Systems Inc, Intel (McAfee), Hewlett Packard Enterprise, Symantec – Analysis and Forecast to 2023

    WiseGuyRerports.com Presents “Global Firewall as a Service (FWaaS) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
    November 22, 2018

    Security Application Software Market - IBM ,Symantec ,McAfee ,Dell EMC ,TrendMicro ,Imperva ,AVG Technologies ,Cisco Systems ,Check Point Software Technologies ,Fortinet ,F-Secure

    The Global Security Application Software Market Report includes a comprehensive analysis of the present market. The report starts with the basic Global Security Application Software Market overview and then goes into each and every detail. Posted via Industry Today. Follow us on Twitter @IndustryTod…
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    Fortinet Company Life and Culture

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     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 5,639 employees.

    • What is Fortinet revenue?

      Latest Fortinet annual revenue is $1.5 b.

    • What is Fortinet revenue per employee?

      Latest Fortinet revenue per employee is $265.1 k.

    • Who are Fortinet competitors?

      Competitors of Fortinet include Netgear, AstroNova and FireEye.

    • Where is Fortinet headquarters?

      Fortinet headquarters is located at 899 Kifer Rd, Sunnyvale.

    • Where are Fortinet offices?

      Fortinet has offices in Sunnyvale, Sunrise, Rochester, Reston and in 40 other locations.

    • How many offices does Fortinet have?

      Fortinet has 45 offices.