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Fortinet Inc.

NAS: FTNT

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After Hours

 --Real time quotes

Feb 8, 2023, 6:13 p.m.

/zigman2/quotes/205733290/composite

$

59.60

Change

-0.04 -0.07%

Volume

Volume 225,351

Real time quotes

/zigman2/quotes/205733290/composite

Today's close

$ 53.78

$ 59.64

Change

+5.86 +10.90%

Day low

Day high

$58.72

$61.45

Open

52 week low

52 week high

$42.61

$71.52

Open

Company Description

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, 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 an...

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, 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 includes the majority of product sales from its FortiGate network security appliances. The Infrastructure Security segment provides a platform, which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public clouds. Together with its 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 customers to connect securely to and across their cloud environments by offering security through its virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment includes the proliferation of Internet of Things (IoT) and an Operational Technology (OT). IoT and OT have created an environment where data moves 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

71.58

P/E Ratio (with extraordinary items)

55.92

P/E Ratio (without extraordinary items)

98.97

Price to Sales Ratio

17.97

Price to Book Ratio

74.48

Price to Cash Flow Ratio

40.05

Enterprise Value to EBITDA

53.57

Enterprise Value to Sales

9.55

Efficiency

Total Asset Turnover

0.67

Liquidity

Current Ratio

1.55

Quick Ratio

1.48

Cash Ratio

1.10

Profitability

Gross Margin

76.02

Operating Margin

19.32

Pretax Margin

18.80

Net Margin

18.16

Return on Assets

12.18

Return on Equity

74.10

Return on Total Capital

46.75

Capital Structure

Total Debt to Total Assets

17.83

Officers and Executives

Name Age Officer Since Title
Mr. Ken Xie 58 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. Marc Asturias - - Senior Dir-Marketing, LatAm & the Caribbean
Mr. Patrice Perche - 2009 Vice President-Sales & EMEA

Insider Actions

– Purchase – Sale 1 – Number of Transactions
Date Name Shares Transaction Value
12/31/2022 William H. Neukom
Director
1,033   Derivative/Non-derivative trans. at $0 per share. 0
12/31/2022 Judith Sim
Director
1,033   Derivative/Non-derivative trans. at $0 per share. 0
12/31/2022 Ming Hsieh
Director
1,033   Derivative/Non-derivative trans. at $0 per share. 0
12/31/2022 Kenneth A. Goldman
Director
1,033   Derivative/Non-derivative trans. at $0 per share. 0
12/31/2022 Jean X. Hu
Director
1,033   Derivative/Non-derivative trans. at $0 per share. 0
12/31/2022 James G. Stavridis
Director
1,033   Derivative/Non-derivative trans. at $0 per share. 0
12/20/2022 Ken Xie
President & CEO; Director
7,500,000   Gift at $0 per share. 0
12/20/2022 Ken Xie
President & CEO; Director
7,500,000   Gift at $0 per share. 0
12/20/2022 Ken Xie
President & CEO; Director
7,500,000   Gift at $0 per share. 0
12/20/2022 Ken Xie
President & CEO; Director
7,500,000   Gift at $0 per share. 0
11/30/2022 Michael Xie
VP, Engineering & CTO; Director
26,750   Gift at $0 per share. 0
11/18/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
200   Disposition at $55.6 per share. 11,120
11/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
50   Disposition at $53.46 per share. 2,673
11/11/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
3,125   Disposition at $55 per share. 171,875
11/11/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
3,125   Derivative/Non-derivative trans. at $4.77 per share. 14,906
11/02/2022 Michael Xie
VP, Engineering & CTO; Director
700   Disposition at $55.49 per share. 38,843
11/02/2022 Michael Xie
VP, Engineering & CTO; Director
4,950   Disposition at $54.79 per share. 271,210
11/02/2022 Michael Xie
VP, Engineering & CTO; Director
2,617   Disposition at $53.54 per share. 140,114
11/01/2022 Ken Xie
President & CEO; Director
19,576   Derivative/Non-derivative trans. at $56.42 per share. 1,104,477
11/01/2022 Michael Xie
VP, Engineering & CTO; Director
8,133   Derivative/Non-derivative trans. at $56.42 per share. 458,863
11/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp.
663   Derivative/Non-derivative trans. at $56.42 per share. 37,406
11/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
4,226   Derivative/Non-derivative trans. at $56.42 per share. 238,430
11/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
6,521   Derivative/Non-derivative trans. at $56.42 per share. 367,914
11/01/2022 Ken Xie
President & CEO; Director
11,330   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Ken Xie
President & CEO; Director
12,840   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Ken Xie
President & CEO; Director
15,310   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Michael Xie
VP, Engineering & CTO; Director
4,550   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Michael Xie
VP, Engineering & CTO; Director
5,095   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Michael Xie
VP, Engineering & CTO; Director
6,755   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp.
3,725   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp.
3,805   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp.
3,500   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
2,540   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
2,480   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC
3,500   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
3,995   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
4,245   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
4,910   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2022 William H. Neukom
Director
1,032   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2022 Judith Sim
Director
1,032   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2022 Ming Hsieh
Director
1,032   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2022 Kenneth A. Goldman
Director
1,032   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2022 Jean X. Hu
Director
1,032   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2022 James G. Stavridis
Director
1,032   Derivative/Non-derivative trans. at $0 per share. 0
08/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
39,440   Disposition at $50.57 per share. 1,994,480
08/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
11,980   Derivative/Non-derivative trans. at $34.39 per share. 411,992
08/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
12,730   Derivative/Non-derivative trans. at $22.9 per share. 291,517
08/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer
14,730   Derivative/Non-derivative trans. at $16.9 per share. 248,937
/news/latest/company/us/ftnt

MarketWatch News on FTNT

  1. Juniper Networks Inc. stock outperforms competitors despite losses on the day

    5:04 p.m. Today

    - MarketWatch Automation

  2. Fortinet Inc. stock outperforms competitors on strong trading day

    4:55 p.m. Today

    - MarketWatch Automation

  3. Equifax Inc. stock outperforms competitors despite losses on the day

    4:51 p.m. Today

    - MarketWatch Automation

  4. Cadence Design Systems Inc. stock falls Wednesday, underperforms market

    4:43 p.m. Today

    - MarketWatch Automation

  5. Capri, Lumen, New Relic, New York Times, and More Market Movers

    4:12 p.m. Today

    - Barron's Online

  6. Fortinet stock price target raised to $67 from $54 at UBS

    9:04 a.m. Today

    - Tomi Kilgore

  7. Fortinet shares surge more than 15% after earnings, outlook beats

    7:55 a.m. Today

    - Wallace Witkowski

  8. Fortinet downgraded to sector weight from overweight at KeyBanc Capital

    7:22 a.m. Today

    - Tomi Kilgore

  9. Juniper Networks Inc. stock outperforms market on strong trading day

    5:04 p.m. Feb. 7, 2023

    - MarketWatch Automation

  10. Fortinet Inc. stock outperforms market on strong trading day

    4:55 p.m. Feb. 7, 2023

    - MarketWatch Automation

  11. Equifax Inc. stock rises Tuesday, still underperforms market

    4:51 p.m. Feb. 7, 2023

    - MarketWatch Automation

  12. Cadence Design Systems Inc. stock rises Tuesday, outperforms market

    4:43 p.m. Feb. 7, 2023

    - MarketWatch Automation

  13. Juniper Networks Inc. stock rises Monday, outperforms market

    5:04 p.m. Feb. 6, 2023

    - MarketWatch Automation

  14. Fortinet Inc. stock falls Monday, underperforms market

    4:55 p.m. Feb. 6, 2023

    - MarketWatch Automation

  15. Equifax Inc. stock underperforms Monday when compared to competitors

    4:51 p.m. Feb. 6, 2023

    - MarketWatch Automation

  16. Cadence Design Systems Inc. stock outperforms market on strong trading day

    4:43 p.m. Feb. 6, 2023

    - MarketWatch Automation

  17. Disney, CVS, Uber, and More to Watch This Week

    3:47 p.m. Feb. 5, 2023

    - Barron's Online

  18. Silvergate Stock’s Puzzling Bounce

    7:25 a.m. Feb. 6, 2023

    - Barron's Online

  19. Fortinet Inc. stock underperforms Friday when compared to competitors

    4:55 p.m. Feb. 3, 2023

    - MarketWatch Automation

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

Other News on FTNT

  1. Top 5 4th Quarter Trades of ARGENT CAPITAL MANAGEMENT LLC

    8:00 a.m. Feb. 3, 2023

    - GuruFocus.com

  2. BlackBerry: Why a Comeback Is Unlikely

    10:39 a.m. Jan. 9, 2023

    - GuruFocus.com

  3. Will Fortinet's Big Returns Come Back?

    3:04 p.m. Dec. 29, 2022

    - GuruFocus.com

  4. Here's Why Fortinet (FTNT) is a Strong Momentum Stock

    9:50 a.m. Dec. 6, 2022

    - Zacks.com

  5. 3 Security Stocks to Buy Amid Robust Industry Trends

    8:58 a.m. Dec. 6, 2022

    - Zacks.com

  6. Best Growth Stocks to Buy for November 30th

    6:48 a.m. Nov. 30, 2022

    - Zacks.com

  7. Bull Of The Day: Fortinet (FTNT)

    7:09 a.m. Nov. 29, 2022

    - Zacks.com

  8. Loading more headlines...

At a Glance

Fortinet, Inc.

899 Kifer Road

Sunnyvale, California 94086

Phone

1 4082357700

Industry

Software

Sector

Technology

Fiscal Year-end

12/2022

Revenue

$3.34B

Net Income

$606.80M

Employees

10,195

/news/pressrelease/company/us/ftnt

Press Releases on FTNT

  1. Nasdaq 100 Movers: PCAR, FTNT

    10:25 a.m. Today

    - MarketNewsVideo.com

  2. S&P 500 Movers: PCAR, FTNT

    10:24 a.m. Today

    - MarketNewsVideo.com

  3. Fortinet FTNT Trading Report

    9:27 a.m. Feb. 7, 2023

    - Stock Traders Daily

  4. Fortinet FTNT Technical Data

    2:54 a.m. Jan. 19, 2023

    - Stock Traders Daily

  5. Fortinet FTNT Proactive Strategies

    12:22 p.m. Jan. 9, 2023

    - Stock Traders Daily

  6. Fortinet to Announce Fourth Quarter 2022 Financial Results

    9:00 a.m. Jan. 3, 2023

    - GlobeNewswire

  7. Fortinet FTNT Trading Signals

    9:16 p.m. Dec. 30, 2022

    - Stock Traders Daily

  8. Nasdaq 100 Movers: FTNT, IDXX

    10:29 a.m. Dec. 21, 2022

    - MarketNewsVideo.com

  9. S&P 500 Movers: HST, NKE

    10:17 a.m. Dec. 21, 2022

    - MarketNewsVideo.com

  10. Fortinet FTNT Technical Pivots with Risk Controls

    6:42 a.m. Dec. 21, 2022

    - Stock Traders Daily

  11. Loading more headlines...
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