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.

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
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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%
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
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)
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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 Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
ZoneFoxOctober 23, 2018
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Fortinet Online and Social Media Presence

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Fortinet News and Updates

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…

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

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

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…

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

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.