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Fortinet Inc.

NAS: FTNT

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Fortinet Inc.

Market open

 --Real time quotes

Dec 2, 2021, 1:42 p.m.

FTNT
/zigman2/quotes/205733290/composite

$

310.77

Change

+5.51 +1.81%

Volume

Volume 875,838

Real time quotes

/zigman2/quotes/205733290/composite

Previous close

$ 305.26

$ 310.77

Change

+5.51 +1.81%

Day low

Day high

$301.10

$314.22

Open

52 week low

52 week high

$123.00

$355.35

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

104.79

P/E Ratio (with extraordinary items)

92.32

P/E Ratio (without extraordinary items)

50.99

Price to Sales Ratio

9.60

Price to Book Ratio

28.20

Price to Cash Flow Ratio

22.98

Enterprise Value to EBITDA

85.88

Enterprise Value to Sales

15.39

Total Debt to Enterprise Value

0.00

Efficiency

Revenue/Employee

314,931.00

Income Per Employee

59,298.00

Receivables Turnover

4.10

Total Asset Turnover

0.65

Liquidity

Current Ratio

1.50

Quick Ratio

1.42

Cash Ratio

1.00

Profitability

Gross Margin

77.87

Operating Margin

18.95

Pretax Margin

20.88

Net Margin

18.83

Return on Assets

12.32

Return on Equity

44.86

Return on Total Capital

43.18

Return on Invested Capital

43.57

Capital Structure

Total Debt to Total Equity

6.20

Total Debt to Total Capital

5.84

Total Debt to Total Assets

1.31

Long-Term Debt to Equity

3.97

Long-Term Debt to Total Capital

3.74

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. Rob Atherton - - Vice President-Corporate Development

Insider Actions

– Purchase – Sale 1 – Number of Transactions
Date Name Shares Transaction Value
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		300   Disposition at $341.02 per share. 102,306
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		300   Disposition at $340.05 per share. 102,015
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		100   Disposition at $338.49 per share. 33,849
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		200   Disposition at $337.12 per share. 67,424
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		459   Disposition at $335.62 per share. 154,049
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		400   Disposition at $333.14 per share. 133,256
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		332   Disposition at $331.07 per share. 109,915
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		220   Disposition at $329.71 per share. 72,536
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		100   Disposition at $327.11 per share. 32,711
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		496   Derivative/Non-derivative trans. at $114.48 per share. 56,782
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
11/22/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,215   Derivative/Non-derivative trans. at $49.06 per share. 59,607
11/16/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		850   Disposition at $341.3 per share. 290,105
11/16/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		400   Disposition at $339.82 per share. 135,928
11/16/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		200   Disposition at $337.2 per share. 67,440
11/16/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		100   Disposition at $332.9 per share. 33,290
11/03/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,153   Disposition at $330.06 per share. 380,559
11/02/2021 Michael Xie
VP, Engineering & CTO; Director 		200   Disposition at $330.72 per share. 66,144
11/02/2021 Michael Xie
VP, Engineering & CTO; Director 		200   Disposition at $329.43 per share. 65,886
11/02/2021 Michael Xie
VP, Engineering & CTO; Director 		851   Disposition at $327.99 per share. 279,119
11/02/2021 Michael Xie
VP, Engineering & CTO; Director 		500   Disposition at $326.93 per share. 163,465
11/02/2021 Michael Xie
VP, Engineering & CTO; Director 		337   Disposition at $325.92 per share. 109,835
11/01/2021 Ken Xie
President & CEO; Director 		4,343   Derivative/Non-derivative trans. at $324.11 per share. 1,407,609
11/01/2021 Michael Xie
VP, Engineering & CTO; Director 		2,057   Derivative/Non-derivative trans. at $324.11 per share. 666,694
11/01/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,528   Derivative/Non-derivative trans. at $324.11 per share. 495,240
11/01/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,137   Derivative/Non-derivative trans. at $324.11 per share. 368,513
11/01/2021 Ken Xie
President & CEO; Director 		2,569   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Ken Xie
President & CEO; Director 		3,062   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Ken Xie
President & CEO; Director 		3,125   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Michael Xie
VP, Engineering & CTO; Director 		1,018   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Michael Xie
VP, Engineering & CTO; Director 		1,352   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Michael Xie
VP, Engineering & CTO; Director 		1,775   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		849   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		982   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,250   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		496   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Derivative/Non-derivative trans. at $0 per share. 0
11/01/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,094   Derivative/Non-derivative trans. at $0 per share. 0
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		34   Disposition at $334.26 per share. 11,364
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		468   Disposition at $333.46 per share. 156,059
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		800   Disposition at $332.53 per share. 266,024
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		400   Disposition at $331.64 per share. 132,656
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		200   Disposition at $329.54 per share. 65,908
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		508   Disposition at $328.41 per share. 166,832
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		495   Derivative/Non-derivative trans. at $114.48 per share. 56,667
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		699   Derivative/Non-derivative trans. at $84.49 per share. 59,058
10/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,216   Derivative/Non-derivative trans. at $49.06 per share. 59,656
09/30/2021 William H. Neukom
Director 		243   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2021 Judith Sim
Director 		243   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2021 Ming Hsieh
Director 		243   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2021 Kenneth A. Goldman
Director 		243   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2021 Jean X. Hu
Director 		243   Derivative/Non-derivative trans. at $0 per share. 0
09/30/2021 Kelly Ducourty
Director 		243   Derivative/Non-derivative trans. at $0 per share. 0
09/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		2,411   Disposition at $302 per share. 728,122
09/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		496   Derivative/Non-derivative trans. at $114.48 per share. 56,782
09/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
09/21/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,215   Derivative/Non-derivative trans. at $49.06 per share. 59,607
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		100   Disposition at $308 per share. 30,800
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		925   Disposition at $305.64 per share. 282,717
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		1,090   Disposition at $304.8 per share. 332,232
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		511   Disposition at $303.72 per share. 155,200
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		4,458   Disposition at $302.59 per share. 1,348,946
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		8,423   Disposition at $301.61 per share. 2,540,461
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		17,748   Disposition at $300.81 per share. 5,338,775
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		6,745   Disposition at $299.7 per share. 2,021,476
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		800   Disposition at $308 per share. 246,400
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		900   Disposition at $305.78 per share. 275,202
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		1,530   Disposition at $304.94 per share. 466,558
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		1,000   Disposition at $304.01 per share. 304,010
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		4,823   Disposition at $302.56 per share. 1,459,246
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		6,071   Disposition at $301.57 per share. 1,830,831
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		13,302   Disposition at $300.79 per share. 4,001,108
08/24/2021 Michael Xie
VP, Engineering & CTO; Director 		11,574   Disposition at $299.6 per share. 3,467,570
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		928   Disposition at $305.05 per share. 283,086
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		148   Disposition at $302.94 per share. 44,835
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,251   Disposition at $302.22 per share. 378,077
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		3,600   Disposition at $300.97 per share. 1,083,492
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,065   Disposition at $299.56 per share. 618,591
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,546   Derivative/Non-derivative trans. at $114.48 per share. 291,466
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,946   Derivative/Non-derivative trans. at $84.49 per share. 248,907
08/24/2021 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,500   Derivative/Non-derivative trans. at $49.06 per share. 122,650
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		100   Disposition at $308.23 per share. 30,823
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		612   Disposition at $307.4 per share. 188,128
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Disposition at $306.27 per share. 214,389
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		400   Disposition at $304.85 per share. 121,940
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		500   Disposition at $303.89 per share. 151,945
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		100   Disposition at $301.94 per share. 30,194
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		496   Derivative/Non-derivative trans. at $114.48 per share. 56,782
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
08/23/2021 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,216   Derivative/Non-derivative trans. at $49.06 per share. 59,656
/news/latest/company/us/ftnt

MarketWatch News on FTNT

  1. Fortinet Inc. stock falls Wednesday, underperforms market

    4:54 p.m. Dec. 1, 2021

    - MarketWatch Automation

  2. Fortinet Inc. stock underperforms Tuesday when compared to competitors

    4:55 p.m. Nov. 30, 2021

    - MarketWatch Automation

  3. Fortinet Inc. stock rises Monday, outperforms market

    4:55 p.m. Nov. 29, 2021

    - MarketWatch Automation

  5. Fortinet Inc. stock rises Wednesday, outperforms market

    4:54 p.m. Nov. 24, 2021

    - MarketWatch Automation

  6. Fortinet Inc. stock falls Tuesday, underperforms market

    4:54 p.m. Nov. 23, 2021

    - MarketWatch Automation

  7. Fortinet Inc. stock underperforms Monday when compared to competitors

    4:55 p.m. Nov. 22, 2021

    - MarketWatch Automation

  8. Fortinet Inc. stock outperforms competitors despite losses on the day

    4:54 p.m. Nov. 19, 2021

    - MarketWatch Automation

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

    4:54 p.m. Nov. 17, 2021

    - MarketWatch Automation

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

    4:54 p.m. Nov. 16, 2021

    - MarketWatch Automation

  11. Fortinet Inc. stock falls Monday, underperforms market

    4:54 p.m. Nov. 15, 2021

    - MarketWatch Automation

  12. Fortinet Inc. stock rises Friday, outperforms market

    4:54 p.m. Nov. 12, 2021

    - MarketWatch Automation

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

    4:54 p.m. Nov. 11, 2021

    - MarketWatch Automation

  14. Fortinet Inc. stock falls Wednesday, underperforms market

    4:54 p.m. Nov. 10, 2021

    - MarketWatch Automation

  15. Fortinet Inc. stock falls Tuesday, underperforms market

    4:55 p.m. Nov. 9, 2021

    - MarketWatch Automation

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

    4:54 p.m. Nov. 8, 2021

    - MarketWatch Automation

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

    3:55 p.m. Nov. 5, 2021

    - MarketWatch Automation

  18. Fortinet Inc. stock rises Wednesday, still underperforms market

    3:55 p.m. Nov. 3, 2021

    - MarketWatch Automation

  19. Fortinet Inc. stock rises Tuesday, outperforms market

    3:55 p.m. Nov. 2, 2021

    - MarketWatch Automation

  20. Fortinet Inc. stock underperforms Monday when compared to competitors

    3:55 p.m. Nov. 1, 2021

    - MarketWatch Automation

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

Other News on FTNT

  2. The trend is your friend -- what worked in November

    1:26 p.m. Dec. 1, 2021

    - Seeking Alpha

  4. Fortinet falls 4% on heavy volume day after presentation

    12:08 p.m. Dec. 1, 2021

    - Seeking Alpha

  7. Can This Cybersecurity Stock Double Once Again in 2022?

    8:45 a.m. Nov. 24, 2021

    - Motley Fool

  8. Cisco Earnings: Buy the Dip?

    5:43 a.m. Nov. 21, 2021

    - Motley Fool

  15. 7 Stocks With Triple-Digit Gains Powering S&P 500 ETF

    11:10 a.m. Nov. 9, 2021

    - Zacks.com

  20. Fortinet, inc (FTNT) Q3 2021 Earnings Call Transcript

    11:02 p.m. Nov. 4, 2021

    - Motley Fool

  21. Loading more headlines...

At a Glance

Fortinet, Inc.

899 Kifer Road

Sunnyvale, California 94086

Phone

1 4082357700

Industry

Software

Sector

Technology

Fiscal Year-end

12/2021

View SEC Filings

Revenue

$2.59B

Net Income

$488.50M

2020 Sales Growth

20.3%

Employees

8,238

Annual Report for FTNT

/news/pressrelease/company/us/ftnt

Press Releases on FTNT

  9. Fortinet FTNT Proactive Strategies

    12:33 a.m. Nov. 15, 2021

    - Stock Traders Daily

  10. S&P 500 Movers: FTNT, MA

    10:27 a.m. Nov. 10, 2021

    - MarketNewsVideo.com

  12. Fortinet FTNT Investment Advice

    4:35 a.m. Nov. 5, 2021

    - Stock Traders Daily

  13. Fortinet Reports Third Quarter 2021 Financial Results

    3:05 p.m. Nov. 4, 2021

    - GlobeNewswire

  17. Fortinet FTNT Buy and Sell Signals

    8:12 a.m. Oct. 26, 2021

    - Stock Traders Daily

  18. Fortinet Releases Essential Survival Guide for Cyber Leaders

    8:00 a.m. Oct. 19, 2021

    - GlobeNewswire

  20. Fortinet FTNT Buy and Sell Signals

    9:45 a.m. Oct. 16, 2021

    - Stock Traders Daily

  21. Loading more headlines...
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