Fortinet, Inc. logo

Fortinet, Inc.

FTNT
TechnologyNASDAQUnited States
80.43USD-2.34 (-2.83%)

About Fortinet

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions.

It offers:

  • FortiGate: Hardware and software licenses that provide security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network (VPN), application control, web filtering, anti-spam, and wide area network (WAN) acceleration
  • FortiSwitch: Secure switching solutions for connecting customers to their end devices
  • FortiAP: Secure wireless networking solutions
  • FortiExtender: Hardware appliance for extending network connectivity
  • FortiAnalyzer: Centralized network logging, analysis, and reporting solutions
  • FortiManager: Central and scalable management solution for FortiGate products
  • FortiWeb: Web application firewall solutions
  • FortiMail: Secure email gateway solutions
  • FortiSandbox: Proactive threat detection and mitigation services
  • FortiClient: Endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web filtering, and an application firewall
  • FortiToken & FortiAuthenticator: Multi-factor authentication solutions to safeguard systems, assets, and data
  • FortiEDR/XDR: Endpoint protection with machine-learning anti-malware execution and real-time post-infection protection

In addition to its product lineup, Fortinet provides security subscriptions, technical support, professional services, and training.

The company sells its security solutions through channel partners and directly to customers in industries such as telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare.

Fortinet has a strategic alliance with Linksys.

Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Fortinet's Business Strategy

Fortinet has established itself as a global leader in cybersecurity by offering integrated solutions that combine networking and security. Fortinet's business model is diversified across hardware, software, and subscription services. Its strategy of building a wide economic moat is supported by established customer switching costs…

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Our Take on Fortinet

Pros:

Growing Market: Fortinet is well-positioned to benefit from the increasing global emphasis on cybersecurity, supported by robust demand for its endpoint security, cloud security, and the merging of networking and security.

Lucrative Company: The company is profitable and has comfortable margins, which is…

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Company Details

Exchange
NASDAQ
Country
United States
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie
Employees
14,556
IPO Date
2009-11-18
ISIN
US34959E1091
Website
fortinet.com

Key Metrics

Market Cap
59.81BUSD
P/E Ratio (TTM)
33.19
Net Profit Margin
27.26%
Debt / Asset Ratio
0.10
Dividend Yield (TTM)
0.00%
Volume
1.02M
Avg Volume
6.13M
Shares Outstanding
766.27M
Free Float
81.63%
β Beta
1.05
52W Range
70.1 - 109.3

Fundamental Analysis

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Section Scores

Profitability
5.0/5Excellent
Liquidity
3.3/5Average
Leverage
4.5/5Excellent
Cash Flow
4.0/5Good
Valuation
2.8/5Average

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