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Fortinet Inc.

NAS: FTNT

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Fortinet Inc.

Market open

 --Real time quotes

Jun 27, 2022, 1:45 p.m.

FTNT
/zigman2/quotes/205733290/composite

$

59.24

Change

+0.11 +0.19%

Volume

Volume 1.62m

Real time quotes

/zigman2/quotes/205733290/composite

Previous close

$ 59.13

$ 59.24

Change

+0.11 +0.19%

Day low

Day high

$57.58

$60.39

Open

52 week low

52 week high

$47.27

$74.35

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

78.21

P/E Ratio (with extraordinary items)

73.09

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

60.39

Enterprise Value to Sales

12.29

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
06/16/2022 William H. Neukom
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
06/16/2022 Judith Sim
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
06/16/2022 Ming Hsieh
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
06/16/2022 Kenneth A. Goldman
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
06/16/2022 Jean X. Hu
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
06/16/2022 Kelly Ducourty
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
06/16/2022 James G. Stavridis
Director 		527   Derivative/Non-derivative trans. at $0 per share. 0
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		203   Disposition at $290.32 per share. 58,934
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		200   Disposition at $289.18 per share. 57,836
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		500   Disposition at $288.12 per share. 144,060
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		957   Disposition at $287.17 per share. 274,821
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		800   Disposition at $285.83 per share. 228,664
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,000   Disposition at $284.78 per share. 284,780
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		831   Disposition at $283.96 per share. 235,970
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		800   Disposition at $282.7 per share. 226,160
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,597   Disposition at $281 per share. 729,757
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,397   Derivative/Non-derivative trans. at $171.93 per share. 412,116
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,546   Derivative/Non-derivative trans. at $114.48 per share. 291,466
05/25/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,945   Derivative/Non-derivative trans. at $84.49 per share. 248,823
05/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,324   Disposition at $283.43 per share. 375,261
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		20   Disposition at $261.41 per share. 5,228
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		100   Disposition at $260.1 per share. 26,010
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		66   Disposition at $257.71 per share. 17,008
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		26   Disposition at $255.46 per share. 6,641
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		80   Disposition at $254.06 per share. 20,324
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		40   Disposition at $252.36 per share. 10,094
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		100   Disposition at $251.01 per share. 25,101
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		80   Disposition at $249.74 per share. 19,979
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		100   Disposition at $248.75 per share. 24,875
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		213   Disposition at $247.8 per share. 52,781
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		180   Disposition at $246.85 per share. 44,433
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		368   Disposition at $245.44 per share. 90,321
05/09/2022 Michael Xie
VP, Engineering & CTO; Director 		280   Disposition at $244.82 per share. 68,549
05/01/2022 Ken Xie
President & CEO; Director 		3,917   Derivative/Non-derivative trans. at $289.01 per share. 1,132,052
05/01/2022 Michael Xie
VP, Engineering & CTO; Director 		1,627   Derivative/Non-derivative trans. at $289.01 per share. 470,219
05/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp. 		130   Derivative/Non-derivative trans. at $289.01 per share. 37,571
05/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,305   Derivative/Non-derivative trans. at $289.01 per share. 377,158
05/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		846   Derivative/Non-derivative trans. at $289.01 per share. 244,502
05/01/2022 Ken Xie
President & CEO; Director 		2,267   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Ken Xie
President & CEO; Director 		2,568   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Ken Xie
President & CEO; Director 		3,062   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Michael Xie
VP, Engineering & CTO; Director 		911   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Michael Xie
VP, Engineering & CTO; Director 		1,018   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Michael Xie
VP, Engineering & CTO; Director 		1,351   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp. 		745   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp. 		761   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Patrice Perche
Chief Revenue Off./EVP Supp. 		700   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		799   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		848   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		982   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		508   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		495   Derivative/Non-derivative trans. at $0 per share. 0
05/01/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Derivative/Non-derivative trans. at $0 per share. 0
03/31/2022 William H. Neukom
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
03/31/2022 Judith Sim
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
03/31/2022 Ming Hsieh
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
03/31/2022 Kenneth A. Goldman
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
03/31/2022 Jean X. Hu
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
03/31/2022 Kelly Ducourty
Director 		244   Derivative/Non-derivative trans. at $0 per share. 0
03/21/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,704   Disposition at $315.5 per share. 537,612
03/21/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		509   Derivative/Non-derivative trans. at $171.93 per share. 87,512
03/21/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		495   Derivative/Non-derivative trans. at $114.48 per share. 56,667
03/21/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		100   Disposition at $318.28 per share. 31,828
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		400   Disposition at $317.45 per share. 126,980
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,101   Disposition at $316.51 per share. 664,987
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		526   Disposition at $314.56 per share. 165,458
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,615   Disposition at $313.68 per share. 506,593
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		611   Disposition at $312.34 per share. 190,839
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		500   Disposition at $311.67 per share. 155,835
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		443   Disposition at $310.57 per share. 137,582
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		500   Disposition at $308.94 per share. 154,470
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		298   Disposition at $307.83 per share. 91,733
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		600   Disposition at $306.85 per share. 184,110
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,724   Disposition at $305.92 per share. 527,406
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		500   Disposition at $304.96 per share. 152,480
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		700   Disposition at $303.94 per share. 212,758
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,200   Disposition at $302.53 per share. 363,036
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		600   Disposition at $301.47 per share. 180,882
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		100   Disposition at $300.09 per share. 30,009
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		606   Disposition at $297.66 per share. 180,381
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		800   Disposition at $296.83 per share. 237,464
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		300   Disposition at $295.35 per share. 88,605
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		172   Disposition at $293.63 per share. 50,504
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		200   Disposition at $290.88 per share. 58,176
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		800   Disposition at $290.39 per share. 232,312
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		200   Disposition at $288.34 per share. 57,668
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		200   Disposition at $287.37 per share. 57,474
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		100   Disposition at $285.15 per share. 28,515
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		300   Disposition at $283.41 per share. 85,023
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		415   Disposition at $282.09 per share. 117,067
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		369   Disposition at $279.62 per share. 103,179
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		600   Disposition at $277.65 per share. 166,590
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		9,585   Derivative/Non-derivative trans. at $171.93 per share. 1,647,949
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,547   Derivative/Non-derivative trans. at $114.48 per share. 291,580
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,947   Derivative/Non-derivative trans. at $84.49 per share. 248,992
02/24/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		2,501   Derivative/Non-derivative trans. at $49.06 per share. 122,699
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		300   Disposition at $304.32 per share. 91,296
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		300   Disposition at $302.98 per share. 90,894
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		873   Disposition at $301.94 per share. 263,593
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,335   Disposition at $300.95 per share. 401,768
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		576   Disposition at $299.84 per share. 172,707
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		400   Disposition at $298.2 per share. 119,280
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,260   Disposition at $297.01 per share. 374,232
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,400   Disposition at $295.83 per share. 414,162
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,570   Disposition at $294.92 per share. 463,024
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		500   Disposition at $293.73 per share. 146,865
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		6,102   Derivative/Non-derivative trans. at $171.93 per share. 1,049,116
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		496   Derivative/Non-derivative trans. at $114.48 per share. 56,782
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		700   Derivative/Non-derivative trans. at $84.49 per share. 59,143
02/22/2022 John Lunsford Gregory Whittle
VP Corp Dev&Strat Alliance,GC 		1,216   Derivative/Non-derivative trans. at $49.06 per share. 59,656
02/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		599   Disposition at $315.99 per share. 189,278
02/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		1,000   Disposition at $315.19 per share. 315,190
02/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		501   Disposition at $313.78 per share. 157,203
02/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		300   Disposition at $312.41 per share. 93,723
02/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		500   Disposition at $311.48 per share. 155,740
02/17/2022 Keith Franklin Jensen
CFO & Chief Accounting Officer 		700   Disposition at $310.3 per share. 217,210
/news/latest/company/us/ftnt

MarketWatch News on FTNT

  4. Fortinet 5-for-1 stock split to take effect June 22

    9:03 a.m. June 9, 2022

    - Tomi Kilgore

  7. Apple, Tesla, and These Stocks Are Buys Out of the Tech Wreck

    8:43 a.m. May 13, 2022

    - Sabrina Escobar

  8. Fortinet stock price target cut to $353 from $410 at KeyBanc Capital

    6:30 a.m. May 11, 2022

    - Tomi Kilgore

  12. Disrupting the Disrupters: When AutoNation Trounces Carvana

    12:55 p.m. May 7, 2022

    - Ben Levisohn

  15. Fortinet stock price target raised to $320 from $250 at Deutsche Bank

    8:41 a.m. May 5, 2022

    - Tomi Kilgore

  16. Fortinet upgraded to buy from neutral at Mizuho

    6:59 a.m. May 5, 2022

    - Tomi Kilgore

  17. AMD, Uber, Starbucks, the Fed Decision and More to Watch This Week

    9:10 p.m. May 1, 2022

    - Nicholas Jasinski

  20. Stocks Rose Amid Hopes for a Cease-fire

    4:29 p.m. March 29, 2022

    - Jack Denton

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

Other News on FTNT

  1. 3 Great Stock Splits to Buy This Summer

    7:13 a.m. June 25, 2022

    - Motley Fool

  3. Citi eyes momentum in stocks for its North American Focus List

    9:22 a.m. June 24, 2022

    - Seeking Alpha

  6. 1 Stock Split Growth Stock to Buy Now

    8:25 a.m. June 20, 2022

    - Motley Fool

  8. This Recession-Proof Tech Is Rising on an Unstoppable Trend

    8:15 a.m. June 16, 2022

    - Motley Fool

  12. Fortinet: Buy High, Sell Higher

    7:59 a.m. June 7, 2022

    - Seeking Alpha

  16. How Much the Biggest U.S. Companies Pay Workers

    10:19 p.m. May 31, 2022

    - John Stensholt

  19. 2 Top Tech Stocks to Buy for the Long Haul

    8:55 a.m. May 27, 2022

    - Motley Fool

  20. Fortinet (FTNT) Investor Presentation - Slideshow

    1:21 p.m. May 26, 2022

    - Seeking Alpha

  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

12/2022

View SEC Filings

Revenue

$3.34B

Net Income

$606.80M

Employees

10,195

Annual Report for FTNT

/news/pressrelease/company/us/ftnt

Press Releases on FTNT

  1. Fortinet FTNT Trading Report

    7:49 a.m. June 26, 2022

    - Stock Traders Daily

  2. Nasdaq 100 Movers: FTNT, PDD

    10:31 a.m. June 23, 2022

    - MarketNewsVideo.com

  3. S&P 500 Movers: FTNT, FDS

    10:17 a.m. June 23, 2022

    - MarketNewsVideo.com

  5. Fortinet (FTNT) Trading Report

    9:28 a.m. June 16, 2022

    - Stock Traders Daily

  6. Fortinet Global Survey Uncovers Critical OT Security Challenges

    9:00 a.m. June 15, 2022

    - GlobeNewswire

  7. Fortinet to Support Singapore's Quest for Quantum-Safe Future

    7:00 p.m. June 14, 2022

    - GlobeNewswire

  8. Fortinet Releases its Inaugural Sustainability Report

    9:00 a.m. June 14, 2022

    - GlobeNewswire

  10. Fortinet Announces Five-for-One Stock Split

    9:00 a.m. June 9, 2022

    - GlobeNewswire

  11. Fortinet Announces Public Sector Advisory Council

    9:00 a.m. June 7, 2022

    - GlobeNewswire

  13. Fortinet FTNT Proactive Strategies

    12:23 p.m. June 5, 2022

    - Stock Traders Daily

  15. 4 Top Cybersecurity Stocks To Watch Today

    4:31 p.m. May 31, 2022

    - StockMarket.com

  17. Fortinet FTNT Investment Analysis

    4:43 p.m. May 26, 2022

    - Stock Traders Daily

  20. S&P 500 Movers: ROST, FTNT

    10:19 a.m. May 20, 2022

    - MarketNewsVideo.com

  21. Loading more headlines...
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