OverviewSuggest Edit
Fortinet is a provider of network security appliances and unified threat management (UTM). It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration.
| Type | Public | |
| Founded | 2000 | |
| HQ | Sunnyvale, US | Map |
| Website | fortinet.com | |
| Employee Ratings | More |
Recent NewsAll News
- Fortinet Achieves MEF 3.0 SD-WAN Certification
- Fortinet Lauded by Frost & Sullivan for Dominating the KSA Network Security Market with its Comprehensive Network Security Solutions
- Fortinet Recognized as a 2020 Gartner Peer Insights Customers’ Choice for WAN Edge Infrastructure
- Thinking about trading options or stock in Apple, Alibaba, Fortinet, Kimberly Clark, or Mcdonald's?
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
Philip Quade
Chief Information Security Officer
Patrice Perche
Sr. Executive Vice President, Worldwide Sales and Support
John Maddison
Chief Marketing Officer and Executive Vice President, Products
Fortinet Office Locations
Fortinet has offices in Sunnyvale, New York, Plano, Reston and in 49 other locations
Sunnyvale, US (HQ)
899 Kifer Rd
New York, US
4400 1 Pennsylvania Plaza
Plano, US
6111 W Plano Pkwy
Reston, US
12005 Sunrise Valley Dr #204
Sunrise, US
13450 W Sunrise Blvd #430Sunrise
Union City, US
1570 Atlantic St
Fortinet Financials and Metrics
Fortinet Revenue
Fortinet's revenue was reported to be $2.16 b in FY, 2019
| USD | |
|---|---|
Revenue (Q1, 2020) | 576.9m |
Gross profit (Q1, 2020) | 448.2m |
Gross profit margin (Q1, 2020), % | 77.7% |
Net income (Q1, 2020) | 99.8m |
EBIT (Q1, 2020) | 115.9m |
Market capitalization (29-Jun-2020) | 21.6b |
Closing stock price (29-Jun-2020) | 133.5 |
Cash (31-Mar-2020) | 626.1m |
Fortinet's current market capitalization is $21.6 b.
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 284.6m | 311.4m | 316.6m | 340.6m | 363.5m | 374.2m | 399.0m | 441.3m | 453.9m | 472.6m | 521.7m | 547.5m | 576.9m |
Cost of goods sold | 77.7m | 84.5m | 84.8m | 90.6m | 95.7m | 93.6m | 97.2m | 113.1m | 111.6m | 113.0m | 128.3m | 124.1m | 128.7m |
Gross profit | 206.8m | 226.9m | 231.8m | 250.0m | 267.8m | 280.6m | 301.8m | 328.2m | 342.3m | 359.6m | 393.4m | 423.4m | 448.2m |
Gross profit Margin, % | 73% | 73% | 73% | 73% | 74% | 75% | 76% | 74% | 75% | 76% | 75% | 77% | 78% |
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 568.0m | 596.4m | 647.5m | 823.2m | 853.1m | 905.8m | 835.6m | 972.1m | 1.2b | 1.2b | 1.0b | 1.2b | 626.1m |
Accounts Receivable | 220.1m | 254.4m | 239.0m | 270.1m | 274.5m | 258.0m | 313.1m | 333.6m | 324.4m | 381.0m | 403.1m | 384.1m | 474.7m |
Prepaid Expenses | 34.7m | 33.5m | 31.7m | 42.3m | 36.4m | 43.3m | 38.8m | 39.3m | 38.7m | 42.1m | 41.7m | 42.6m | 54.3m |
Inventories | 78.2m | 81.2m | 93.7m | 105.0m | 86.4m | 73.6m | 80.0m | 78.2m | 80.8m | 88.4m | 85.7m | 99.2m |
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (3.4m) | 730.0k | 7.0m | 10.7m | 33.8m | 60.4m | 41.6m | 90.9m | 149.6m | 58.8m | 131.5m | 211.3m | |
Depreciation and Amortization | 10.6m | 24.6m | 38.7m | 13.5m | 28.9m | 43.3m | 34.1m | 70.2m | 107.3m | 39.7m | 78.9m | 45.9m | 17.6m |
Inventories | (527.0k) | (8.0m) | (24.6m) | (3.5m) | 9.8m | 17.7m | (7.3m) | (10.8m) | (19.0m) | (2.6m) | (5.5m) | (25.2m) | 6.7m |
Accounts Payable | (11.4m) | (130.0k) | (1.6m) | (8.3m) | (19.9m) | (16.5m) | (13.6m) | (9.1m) | (4.9m) | (18.0m) | (14.6m) | (6.2m) |
| USD | Q1, 2016 |
|---|---|
Financial Leverage | 2.4 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 | Jun, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | $1.80 b | $463.20 m | $513.40 m | $527.50 m | $2.15 b | $551.60 m | $622.40 m | $626.60 m | |
Countries | 30 | 70 | 80 | 80 | 70 | |||||||||||||||||||
Patents Issued | 191 | 278 | 358 | 380 | 467 | 596 | ||||||||||||||||||
Patents Pending | 156 | 236 | 292 | 298 | 291 | 199 |
Fortinet Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| CyberSponse | December 12, 2019 | |
| enSilo | October 28, 2019 | |
| ZoneFox | October 23, 2018 | |
| Accelops China | ||
| Accelops HK | ||
| Bradford Networks Europe Limited | ||
| Bradford Networks, Inc. | ||
| Fortinet BV | ||
| Fortinet Colombia S.A.S | ||
| Fortinet Federal, Inc. |
Fortinet Cybersecurity Score
Fortinet Revenue Breakdown
Fortinet revenue breakdown by geographic segment: 37.6% from EMEA, 42.4% from Americas and 20.0% from APAC
Fortinet Online and Social Media Presence
122.46k Twitter followers
Fortinet has 122.46k Twitter Followers. The number of followers has increased 0.7% quarter over quarter
Fortinet's Trends
Twitter Engagement Stats for @Fortinet
13.9k
Tweets
3.3k
Following
122.5k
Followers
147
Tweets last 30 days
4.2
Avg. likes per Tweet
100%
Tweets with engagement
Fortinet News and Updates
June 18, 2020
Fortinet Achieves MEF 3.0 SD-WAN Certification
Demonstrates Fortinet Secure SD-WAN’s Ability to Comply with the Highest Industry Standards Required by Service Providers to Deliver SD-WAN Services Demonstrates Fortinet Secure SD-WAN’s Ability to Comply with the Highest Industry Standards Required by Service Providers to Deliver SD-WAN Services
June 03, 2020
Fortinet Lauded by Frost & Sullivan for Dominating the KSA Network Security Market with its Comprehensive Network Security Solutions
Fortinet's holistic, integrated, and automated approach towards network security for a highly connected ecosystem sets it apart in a competitive market LONDON, June 3, 2020 /PRNewswire/ -- Based on its recent analysis of the MEASA network security provider market, Frost & Sullivan...
March 26, 2020
Fortinet Recognized as a 2020 Gartner Peer Insights Customers’ Choice for WAN Edge Infrastructure
Customer Feedback and High Ratings Acknowledge Fortinet Secure SD-WAN Customer Feedback and High Ratings Acknowledge Fortinet Secure SD-WAN
March 20, 2020
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NEW YORK, March 20, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, BABA, FTNT, KMB, and MCD. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...
February 28, 2020
Veteran Sales Executive Kelly Ducourty Joins Fortinet Board of Directors
Kelly’s proven enterprise sales operations and enablement experience and commitment to effective growth and scale is incredibly valuable. Fortinet will greatly benefit from her current and past sales leadership experience as Fortinet continues to execute on the company’s business and growth strategy…
February 25, 2020
Fortinet Next-generation Firewalls Provide Routing, VPN Management and Security Enforcement to Aptilo IoT Connectivity Control Service
STOCKHOLM, Feb. 25, 2020 /PRNewswire/ -- Aptilo Networks has selected the FortiGate next-generation firewalls (NGFWs) from Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, to enforce agile, intelligent connectivity and security for the new Aptilo IoT...
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 7,082 employees.
What is Fortinet revenue?
Latest Fortinet annual revenue is $2.2 b.
What is Fortinet revenue per employee?
Latest Fortinet revenue per employee is $304.5 k.
Who are Fortinet competitors?
Competitors of Fortinet include WatchGuard, Sophos and FireEye.
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 49 other locations.
How many offices does Fortinet have?
Fortinet has 58 offices.
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