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.
TypePublic
HQSunnyvale, US
Founded2000
Size (employees)4,665 (est)
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 Singapore, Reston, Sunnyvale, Valbonne 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
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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 (15-Oct-2018)

13.6b

Closing stock price (15-Oct-2018)

80.2
Fortinet's current market capitalization is $13.6 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%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

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

Accounts Receivable

Inventories

14.1m31.1m35.8m106.9m77.3m

Current Assets

735.5m1.0b1.3b1.5b1.7b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

203.9m258.1m386.4m481.4m540.7m568.0m596.4m647.5m823.2m853.1m905.8m

Inventories

46.8m51.3m72.1m68.8m80.7m78.2m81.2m93.7m105.0m86.4m73.6m80.0m

Current Assets

806.9m896.4m1.1b1.2b1.3b1.3b1.4b1.4b1.6b1.6b1.7b

Goodwill

2.8m2.8m2.8m2.8m4.3m4.7m14.2m14.6m14.6m14.6m14.6m
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

(907.0k)(16.0m)(2.6m)(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, 2018

Net Income

11.0m8.4m6.1m4.1m1.6m792.0k8.2m(3.4m)(1.4m)6.3m10.7m

Depreciation and Amortization

4.4m

Inventories

3.3m46.8m51.3m72.1m68.8m80.7m78.2m81.2m93.7m105.0m

Accounts Payable

(6.0m)35.8m36.5m40.2m42.3m48.8m48.0m56.9m57.5m48.7m
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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 Online and Social Media Presence

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Fortinet News and Updates

Email Security Global Market 2018-2025: Cisco Systems, proofpoint, Fortinet, Symantec

Wiseguyreports.Com Publish New Market Research Report On -“Email Security Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday

Abu Dhabi City Municipality Relies on Fortinet to Secure Critical Data and Networks

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced that the Abu Dhabi City Municipality (ADM) has deployed Fortinet’s solutions as a foundation to secure its critical networks and data across its headquarters and 45 branch locations …

Fortinet Joins the S&P 500 Index

SUNNYVALE, Calif., Oct. 11, 2018 (GLOBE NEWSWIRE) -- News Summary Fortinet ® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today announced that Standard & Poor’s has added Fortinet to the S&P 500 Index just prior to the market ope…

New Research on Firewall Devices Market Grow Challenges, Standardization, Operator Case Studies And Key Players Like Check Point, Cisco, Dell, Fortinet, Juniper Networks, Sophos, WatchGuard

This report studies Firewall Devices in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Check Point. Posted via Industry Today. …

Fortinet Again Named a Leader in the 2018 Gartner Magic Quadrant for Enterprise Network Firewalls

Fortinet Believes the Recognition Validates its Visibility and Protection Across the Entire Network and Distinguishes the Company’s Automated and Integrated Security Fabric Solution Fortinet Believes the Recognition Validates its Visibility and Protection Across the Entire Network and Distinguishes …

Fortinet set to replace Envision Healthcare in S&P 500

Cybersecurity software company Fortinet Inc. is set to replace Envision Healthcare Corp. in the S&P 500 index , S&P Dow Jones Indices said late Thursday. Fortinet, headquartered in Sunnyvale, Calif., will be added to the S&P 500 GICS systems software sub-industry index. Shares of Forti…
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Fortinet Company Life and Culture

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