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.
TypePublic
Founded2000
HQSunnyvale, CA, US
Websitefortinet.com
Employee Ratings4.4
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)8,238(+3%)
Job Openings853
Revenue (FY, 2020)$2.6 B(+21%)
Share Price (Jun 2021)$228.9
Cybersecurity ratingDMore

Key People/Management at Fortinet

Ken Xie

Ken Xie

Founder, Chairman of the Board, and Chief Executive Officer
Michael Xie

Michael Xie

Founder, President, and Chief Technology Officer
Keith Jensen

Keith Jensen

Chief Financial Officer
Patrice Perche

Patrice Perche

Chief Revenue Officer & EVP Support
John Maddison

John Maddison

Chief Marketing Officer and Executive Vice President, Products
Sandra Wheatley

Sandra Wheatley

Senior Vice President, Marketing, Threat Intelligence and Influencer Communications
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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 #430Sunrise
Union City, CA, US
1570 Atlantic St
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Fortinet Financials and Metrics

Fortinet Revenue

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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 (11-Jun-2021)

37.4b

Closing stock price (11-Jun-2021)

228.9

Cash (31-Mar-2021)

1.9b
Fortinet's current market capitalization is $37.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.8b2.2b2.6b

Revenue growth, %

20%20%20%

Cost of goods sold

450.4m505.9m570.0m

Gross profit

1.4b1.7b2.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

399.0m441.3m453.9m472.6m521.7m547.5m576.9m615.5m651.1m710.3m

Cost of goods sold

97.2m113.1m111.6m113.0m128.3m124.1m128.7m135.1m139.2m156.6m

Gross profit

301.8m328.2m342.3m359.6m393.4m423.4m448.2m480.4m511.9m553.7m

Gross profit Margin, %

76%74%75%76%75%77%78%78%79%78%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.1b1.2b1.1b

Accounts Receivable

444.5m544.3m720.0m

Inventories

90.0m117.9m139.8m

Current Assets

2.2b2.8b2.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

835.6m972.1m1.2b1.2b1.0b1.2b626.1m916.4m882.3m1.9b

Accounts Receivable

313.1m333.6m324.4m381.0m403.1m384.1m474.7m498.7m546.6m637.3m

Prepaid Expenses

57.4m

Inventories

80.0m78.2m80.8m88.4m85.7m99.2m105.0m126.0m134.5m149.6m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

332.2m326.5m488.5m

Depreciation and Amortization

55.7m61.6m68.8m

Inventories

(33.4m)(48.5m)(42.2m)

Accounts Payable

14.6m7.7m37.4m
Quarterly
USDQ1, 2018

Revenue/Employee

75.6k

Financial Leverage

3.5 x
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Fortinet Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 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

30708080708080

Patents Issued

191278358467596626716

Patents Pending

156236292291199175194
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Fortinet Acquisitions / Subsidiaries

Company NameDateDeal Size
ShieldX NetworksMarch 22, 2021
PanoptaDecember 08, 2020
OPAQ NetworksJuly 21, 2020
CyberSponseDecember 12, 2019
enSiloOctober 28, 2019
ZoneFoxOctober 23, 2018
Bradford NetworksJune 04, 2018
AccelOpsJune 07, 2016
Meru NetworksMay 27, 2015$44 m
Coyote Point SystemsMarch 22, 2013
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Fortinet Revenue Breakdown

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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

Human Capital Metrics

Source: theorg.com
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Fortinet Cybersecurity Score

Cybersecurity ratingPremium dataset

D

64/100

SecurityScorecard logo

Fortinet Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Fortinet Online and Social Media Presence

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Fortinet Company Culture

  • Overall Culture

    C-

    63/100

  • CEO Rating

    D

    60/100

  • Compensation

    B

    72/100

  • Diversity

    B-

    70/100

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Fortinet News and Updates

Global Service Providers Partner with Fortinet to Offer Managed Services Powered by Industry-Leading Secure SD-WAN

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced four new service providers from around the world have selected Fortinet Secure SD-WAN to differentiate their business and deliver new value-added services to customers.

Global Service Providers Partner with Fortinet to Offer Managed Services Powered by Industry-Leading Secure SD-WAN

Fortinet’s List of Global SPs and MSSPs Expands with CommandLink, DNA, Syringa Networks and TIM to Deliver Enhanced SD-WAN Offerings Fortinet’s List of Global SPs and MSSPs Expands with CommandLink, DNA, Syringa Networks and TIM to Deliver Enhanced SD-WAN Offerings

Fortinet Simplifies Network Operations by Enhancing Security Fabric with Digital Experience Monitoring

Introducing FortiMonitor and FortiAIOps Into Fortinet Fabric Management Center Introducing FortiMonitor and FortiAIOps Into Fortinet Fabric Management Center

Fortinet anuncia la integración de Secure SD-WAN con NCC de Google Cloud

Fortinet anunció la integración de la solución líder en la industria Fortinet Secure SD-WAN con el Network Connectivity Center (NCC) de Google Cloud.

Fortinet CISO And Trusted Customer Adviser Phil Quade Leaves

Fortinet Chief Information Security Officer (CISO) Phil Quade has departed after spending nearly a half-decade helping government and large enterprise customers formulate their cybersecurity strategy.

Fortinet announces Secure SD-WAN integration with Google Cloud

Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, has announced an integration of the company’s industry-leading Fortinet Secure SD-WAN to the Google Cloud Network Connectivity Centre (NCC).
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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 8,238 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 $314.9 k.

  • Who are Fortinet competitors?

    Competitors of Fortinet include ForeScout Technologies, Forcepoint and SonicWALL.

  • 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 59 offices.