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Fortinet Inc.

NAS: FTNT

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After Hours

 --Quotes are delayed by 20 min

Sep 25, 2020, 7:37 p.m.

/zigman2/quotes/205733290/composite

$

116.81

Change

0.00 0.00%

Volume

Volume 272,771

Quotes are delayed by 20 min

/zigman2/quotes/205733290/composite

Previous close

$ 115.50

$ 116.81

Change

+1.31 +1.13%

Day low

Day high

$114.66

$117.45

Open

52 week low

52 week high

$70.20

$151.95

Open

Company Description

Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security; Infrastructure Security; Cloud Security; and Endpoint Protection, Internet of Things and Op...

Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security; Infrastructure Security; Cloud Security; and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment include majority of product sales from it FortiGate network security appliances. The Infrastructure Security segment provide platform which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public cloud. Together with it network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution. The Cloud Security segment provides help to the customers connect securely to and across their cloud environments by offering security through it virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment include the proliferation of Internet of Things (“IoT”) and an Operational Technology (“OT”) device has generated new opportunities for it to grow it business. IoT and OT have created an environment where data move freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

Valuation

P/E Current

61.78

P/E Ratio (with extraordinary items)

46.38

P/E Ratio (without extraordinary items)

57.22

Price to Sales Ratio

8.66

Price to Book Ratio

13.87

Price to Cash Flow Ratio

23.12

Enterprise Value to EBITDA

40.95

Enterprise Value to Sales

7.73

Total Debt to Enterprise Value

0.00

Efficiency

Revenue/Employee

304,462.00

Income Per Employee

46,103.00

Receivables Turnover

4.36

Total Asset Turnover

0.62

Liquidity

Current Ratio

1.88

Quick Ratio

1.80

Cash Ratio

1.40

Profitability

Gross Margin

76.38

Operating Margin

15.96

Pretax Margin

17.59

Net Margin

15.14

Return on Assets

9.38

Return on Equity

28.00

Return on Total Capital

28.95

Return on Invested Capital

27.64

Capital Structure

Total Debt to Total Equity

3.49

Total Debt to Total Capital

3.37

Total Debt to Total Assets

1.19

Long-Term Debt to Equity

2.31

Long-Term Debt to Total Capital

2.24

Officers and Executives

Name Age Officer Since Title
Mr. Ken Xie 56 2000 President & Chief Executive Officer
Mr. Michael Xie 50 2000 CTO & Vice President-Engineering
Mr. Keith Franklin Jensen 60 2014 Chief Accounting Officer, VP-Finance & Controller
Mr. Phil Quade - 2017 Chief Information Security Officer
Mr. Patrice Perche - 2009 Vice President-Sales & EMEA

Insider Actions

– Purchase – Sale 1 – Number of Transactions
Date Name Shares Transaction Value
09/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
522   Disposition at $117.92 per share. 61,554
09/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,419   Disposition at $117.38 per share. 166,562
09/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
600   Disposition at $116.3 per share. 69,780
09/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
09/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,216   Derivative/Non-derivative trans. at $49.06 per share. 59,656
09/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
625   Derivative/Non-derivative trans. at $37.24 per share. 23,275
08/25/2020 Michael Xie
VP, Engineering & CTO; Director
24,480   Disposition at $131.82 per share. 3,226,953
08/25/2020 Michael Xie
VP, Engineering & CTO; Director
5,520   Disposition at $132.54 per share. 731,620
08/25/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
2,062   Disposition at $132.96 per share. 274,163
08/25/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
4,634   Disposition at $131.8 per share. 610,761
08/25/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
2,946   Derivative/Non-derivative trans. at $84.49 per share. 248,907
08/25/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
2,500   Derivative/Non-derivative trans. at $49.06 per share. 122,650
08/25/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
1,250   Derivative/Non-derivative trans. at $37.24 per share. 46,550
08/24/2020 Michael Xie
VP, Engineering & CTO; Director
200   Disposition at $134.32 per share. 26,864
08/24/2020 Michael Xie
VP, Engineering & CTO; Director
1,100   Disposition at $133.42 per share. 146,762
08/24/2020 Michael Xie
VP, Engineering & CTO; Director
12,306   Disposition at $131.65 per share. 1,620,084
08/24/2020 Michael Xie
VP, Engineering & CTO; Director
6,806   Disposition at $132.62 per share. 902,611
08/24/2020 Michael Xie
VP, Engineering & CTO; Director
5,956   Disposition at $130.8 per share. 779,044
08/24/2020 Michael Xie
VP, Engineering & CTO; Director
3,632   Disposition at $129.86 per share. 471,651
08/21/2020 Christopher B. Paisley
Director
750   Disposition at $133.83 per share. 100,372
08/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
700   Disposition at $133.83 per share. 93,681
08/21/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
08/20/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
955   Disposition at $133.4 per share. 127,397
08/20/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
585   Disposition at $132.05 per share. 77,249
08/20/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
200   Disposition at $131 per share. 26,200
08/20/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
100   Disposition at $129.02 per share. 12,902
08/20/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,215   Derivative/Non-derivative trans. at $49.06 per share. 59,607
08/20/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
625   Derivative/Non-derivative trans. at $37.24 per share. 23,275
08/12/2020 Michael Xie
VP, Engineering & CTO; Director
1,975   Gift at $0 per share. 0
08/12/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
1,001   Disposition at $127.43 per share. 127,557
08/12/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
2,599   Disposition at $126.54 per share. 328,877
08/10/2020 William H. Neukom
Director
150   Acquisition at $126.69 per share. 19,003
08/10/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
08/10/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,216   Derivative/Non-derivative trans. at $49.06 per share. 59,656
08/10/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
625   Derivative/Non-derivative trans. at $37.24 per share. 23,275
08/10/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,100   Disposition at $131.2 per share. 144,320
08/10/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
300   Disposition at $128.59 per share. 38,577
08/10/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,100   Disposition at $127.53 per share. 140,283
08/10/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,889   Disposition at $126.65 per share. 239,241
08/03/2020 Michael Xie
VP, Engineering & CTO; Director
500   Disposition at $140.62 per share. 70,310
08/03/2020 Michael Xie
VP, Engineering & CTO; Director
750   Disposition at $139.28 per share. 104,460
08/03/2020 Michael Xie
VP, Engineering & CTO; Director
835   Disposition at $138.37 per share. 115,538
08/03/2020 Michael Xie
VP, Engineering & CTO; Director
750   Disposition at $137.29 per share. 102,967
08/01/2020 Ken Xie
President & CEO; Director
4,619   Derivative/Non-derivative trans. at $138.3 per share. 638,807
08/01/2020 Michael Xie
VP, Engineering & CTO; Director
2,792   Derivative/Non-derivative trans. at $138.3 per share. 386,133
08/01/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,821   Derivative/Non-derivative trans. at $138.3 per share. 251,844
08/01/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
1,727   Derivative/Non-derivative trans. at $138.3 per share. 238,844
08/01/2020 Ken Xie
President & CEO; Director
3,062   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Ken Xie
President & CEO; Director
3,125   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Ken Xie
President & CEO; Director
3,125   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Michael Xie
VP, Engineering & CTO; Director
1,352   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Michael Xie
VP, Engineering & CTO; Director
1,775   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Michael Xie
VP, Engineering & CTO; Director
2,500   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
700   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,094   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,875   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
982   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
1,250   Derivative/Non-derivative trans. at $0 per share. 0
08/01/2020 Keith Franklin Jensen
CFO & Chief Accounting Officer
1,250   Derivative/Non-derivative trans. at $0 per share. 0
06/22/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
583   Disposition at $143.11 per share. 83,433
06/22/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
958   Disposition at $142.19 per share. 136,218
06/22/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
100   Disposition at $139.39 per share. 13,939
06/22/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
899   Disposition at $137.71 per share. 123,801
06/22/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
699   Derivative/Non-derivative trans. at $84.49 per share. 59,058
06/22/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
1,216   Derivative/Non-derivative trans. at $49.06 per share. 59,656
06/22/2020 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
625   Derivative/Non-derivative trans. at $37.24 per share. 23,275
/news/latest/company/us/ftnt

MarketWatch News on FTNT

  1. Fortinet started at hold with $131 stock price target at Deutsche Bank

    7:28 a.m. Aug. 20, 2020

    - Tomi Kilgore

  2. How to Profit From the U.S.-China Cold War

    10:33 p.m. Aug. 16, 2020

    - Barron's Online

  3. Fortinet downgraded to neutral from overweight at JPMorgan, price target $135

    8:19 a.m. July 7, 2020

    - Tonya Garcia

  4. Big Companies Have Embraced Corporate Responsibility

    6:23 p.m. July 1, 2020

    - Barron's Online

  5. 2 Giant Stocks That Can Keep Rising as Tech Rebounds

    12:17 p.m. June 8, 2020

    - Barron's Online

  6. These stocks performed best in May as the market rally continued

    6:42 a.m. June 1, 2020

    - Philip van Doorn

  7. Fortinet stock rallies on earnings, outlook beat

    6:18 p.m. May 6, 2020

    - Wallace Witkowski

  8. Loading more headlines...
/news/nonmarketwatch/company/us/ftnt

Other News on FTNT

  1. Fortinet (FTNT) Gains As Market Dips: What You Should Know

    5:45 p.m. Sept. 21, 2020

    - Zacks.com

  2. Buy Palo Alto Networks To Play The Cybersecurity Trend

    2:27 p.m. Sept. 16, 2020

    - Seeking Alpha

  3. Fortinet's Soft Billing Presents An Opportunity To Invest

    10:26 p.m. Sept. 15, 2020

    - Seeking Alpha

  4. Wall Street Breakfast: The Week Ahead

    4:42 a.m. Sept. 6, 2020

    - Seeking Alpha

  5. Fortinet price target raised at UBS on improved positioning

    2:05 p.m. Aug. 26, 2020

    - Seeking Alpha

  6. The Best Stocks To Buy On A Sell-Off

    9:21 a.m. Aug. 25, 2020

    - Seeking Alpha

  7. Stocks To Watch: Walmart, Target, Kandi And Gold vs. Bitcoin

    8:30 a.m. Aug. 15, 2020

    - Seeking Alpha

  8. A Director at Fortinet (FTNT) is Buying Shares

    6:08 p.m. Aug. 12, 2020

    - SmarterAnalyst

  9. A Director at Fortinet (FTNT) is Buying Shares

    6:05 p.m. Aug. 12, 2020

    - SmarterAnalyst

  10. Cybersecurity ETFs Maintain Strength on Solid Q2 Earnings

    1:10 p.m. Aug. 12, 2020

    - Zacks.com

  11. New Buy Rating for Fortinet (FTNT), the Technology Giant

    8:50 p.m. Aug. 11, 2020

    - SmarterAnalyst

  12. 3 Reasons Growth Investors Will Love Fortinet (FTNT)

    12:45 p.m. Aug. 11, 2020

    - Zacks.com

  13. Loading more headlines...

At a Glance

Fortinet, Inc.

899 Kifer Road

Sunnyvale, California 94086

Phone

1 4082357700

Industry

Software

Sector

Technology

Fiscal Year-end

12/2020

Revenue

$2.16B

Net Income

$326.50M

2019 Sales Growth

19.7%

Employees

7,082

/news/pressrelease/company/us/ftnt

Press Releases on FTNT

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