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.) (Jun 2021)9,043(+10%)
Job Openings933
Revenue (FY, 2020)$2.6 B(+21%)
Share Price (Sept 2021)$300.6(+2%)
Cybersecurity ratingDMore

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

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 Suite 430
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 (14-Sept-2021)

49.1b

Closing stock price (14-Sept-2021)

300.6

Cash (31-Mar-2021)

1.9b
Fortinet's current market capitalization is $49.1 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

61/100

SecurityScorecard logo

Fortinet Online and Social Media Presence

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Fortinet Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    B-

    69/100

  • Compensation

    B

    76/100

  • Diversity

    B-

    70/100

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Fortinet News and Updates

Fortinet and Linksys joint venture delivers first - of - its - kind secure enterprise solution to support remote and hybrid work

Fortinet and Linksys joint venture delivers first - of - its - kind secure enterprise solution to support remote and hybrid work

Fortinet and Linksys Joint Venture Delivers First-of-its-Kind Secure Enterprise Solution to Support Remote and Hybrid Work

Fortinet (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, and Linksys, a global leader in wireless networking products, today announced a new joint solution to enable enterprise organizations to support and secure work-from-home networks. Linksys HomeWRK fo…

Fortinet and Linksys Joint Venture Delivers First - of - its - Kind Secure Enterprise Solution to Support Remote and Hybrid Work

Fortinet and Linksys Joint Venture Delivers First - of - its - Kind Secure Enterprise Solution to Support Remote and Hybrid Work

Fortinet Pledges To Train 1 Million People to Help Close the Cybersecurity Skills Gap Following White House Summit

“On the heels of the Biden Administration calling for cross-sector leaders to tackle the cybersecurity challenges affecting organizations and people globally, Fortinet is furthering its commitment to significantly reduce the cyber skills gap as part of this initiative. With the rise of sophisticated…

Fortinet Brings Together World’s Best Players and Technology Leaders with Security Summit at PGA TOUR’s Fortinet Championship

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced several initiatives as part of the upcoming Fortinet Championship. This premier event will kickoff the 2021-22 PGA TOUR Season and will be held in Napa, California at the Silverado R…

Fortinet and Dragos Expand Partnership to Further Secure OT Infrastructure

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today announced that Fortinet’s FortiGate will be the first firewall integrated into the Dragos Platform, extending the benefits of the Security Fabric platform and leveraging its purpose-built Sec…
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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 9,043 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 $286.9 k.

  • Who are Fortinet competitors?

    Competitors of Fortinet include Oracle America, ForeScout Technologies and Forcepoint.

  • 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 58 offices.