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
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 |
MarketWatch News on FTNT
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Capri, Lumen, New Relic, New York Times, and More Market Movers
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Fortinet stock price target raised to $67 from $54 at UBS
- Tomi Kilgore
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Fortinet shares surge more than 15% after earnings, outlook beats
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Fortinet downgraded to sector weight from overweight at KeyBanc Capital
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Juniper Networks Inc. stock outperforms market on strong trading day
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Fortinet Inc. stock outperforms market on strong trading day
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Equifax Inc. stock rises Tuesday, still underperforms market
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Cadence Design Systems Inc. stock rises Tuesday, outperforms market
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Juniper Networks Inc. stock rises Monday, outperforms market
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Fortinet Inc. stock falls Monday, underperforms market
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Equifax Inc. stock underperforms Monday when compared to competitors
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Cadence Design Systems Inc. stock outperforms market on strong trading day
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Disney, CVS, Uber, and More to Watch This Week
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Silvergate Stock’s Puzzling Bounce
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Juniper Networks Inc. stock underperforms Friday when compared to competitors
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Fortinet Inc. stock underperforms Friday when compared to competitors
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