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
- Global Service Providers Partner with Fortinet to Offer Managed Services Powered by Industry-Leading Secure SD-WAN
- Global Service Providers Partner with Fortinet to Offer Managed Services Powered by Industry-Leading Secure SD-WAN
- Fortinet Simplifies Network Operations by Enhancing Security Fabric with Digital Experience Monitoring
- Fortinet anuncia la integración de Secure SD-WAN con NCC de Google Cloud
Key People/Management at Fortinet
Ken Xie
Founder, Chairman of the Board, and Chief Executive Officer
Michael Xie
Founder, President, and Chief Technology Officer
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 #430Sunrise
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 (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
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 Environment, Social & Governance (ESG) Ratings
Fortinet Online and Social Media Presence
126.33k Twitter followers
Fortinet has 126.33k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.6% quarter over quarter
Fortinet's Trends
Twitter Engagement Stats for @Fortinet
15.3k
Tweets
3.2k
Following
126.3k
Followers
134
Tweets last 30 days
3.4
Avg. likes per Tweet
100%
Tweets with engagement
Fortinet Company Culture
Overall Culture
C-
63/100
CEO Rating
D
60/100
Compensation
B
72/100
Diversity
B-
70/100
Fortinet News and Updates
June 09, 2021
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.
June 09, 2021
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
June 08, 2021
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
June 06, 2021
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.
June 04, 2021
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.
May 28, 2021
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).
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.
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