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Fortinet, Inc. (FTNT)

Stock Price: $127.44 USD 0.74 (0.58%)
Updated Aug 13, 2020 4:00 PM EDT - Market closed
Pre-market: $127.40 -0.04 (-0.03%) Aug 14, 4:05 AM

Stock Price Chart

Key Info

Market Cap 20.62B
Revenue (ttm) 2.35B
Net Income (ttm) 411.10M
Shares Out 161.65M
EPS (ttm) 2.39
PE Ratio 53.32
Forward PE 45.45
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Aug 13, 2020
Last Price $127.44
Previous Close $126.70
Change ($) 0.74
Change (%) 0.58%
Day's Open 126.43
Day's Range 126.30 - 128.62
Day's Volume 1,154,729
52-Week Range 70.20 - 151.95

More Stats

Market Cap 20.62B
Enterprise Value 19.10B
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date n/a
Shares Outstanding 161.65M
Float 137.25M
EPS (basic) 2.44
EPS (diluted) 2.39
FCF / Share 5.29
Dividend n/a
Dividend Yield n/a
Earnings Yield 1.88%
FCF Yield 4.14%
Payout Ratio n/a
Shares Short 4.94M
Short Ratio 2.58
Short % of Float 3.46%
Beta 0.96
PE Ratio 53.32
Forward PE 45.45
P/FCF Ratio 24.13
PS Ratio 8.76
PB Ratio 37.70
Revenue 2.35B
Operating Income 451.00M
Net Income 411.10M
Free Cash Flow 854.80M
Net Cash 1.53B
Net Cash / Share 9.44
Gross Margin 70.10%
Operating Margin 19.16%
Profit Margin 17.50%
FCF Margin 36.31%
ROA 7.71%
ROE 49.35%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (28)

Buy 9
Overweight 0
Hold 18
Underweight 0
Sell 1

Analyst Consensus: Overweight

Price Target

$140.73*
(10.43% upside)
Low
102
Current: $127.44
High
207
Target: 140.73
*Average 12-month price target from 24 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue2,1561,8011,4951,2751,009770615534434325
Revenue Growth19.71%20.49%17.21%26.37%31.01%25.2%15.3%23.08%33.53%-
Gross Profit1,6501,3511,110938722539435386320239
Operating Income34423111042.9014.8859.3272.0910088.9055.34
Net Income32733231.4032.207.9925.3444.2766.8462.4941.25
Shares Outstanding171169174173170164162158153141
Earnings Per Share1.871.910.180.180.050.150.260.400.380.26
EPS Growth-2.09%961.11%0%260%-66.67%-42.31%-35%5.26%46.15%-
Operating Cash Flow808639594346283197147184133103
Capital Expenditures-92.20-53.00-135-67.20-37.36-32.20-13.88-22.08-3.62-3.78
Free Cash Flow71658645927924516413416212999.61
Cash & Equivalents2,0661,6501,2511,086891720491414390314
Net Cash / Debt2,0661,6501,2511,086891720491414390314
Assets3,8863,0782,2582,1401,7911,4251,168975735545
Liabilities2,5642,0681,6691,3021,035749583465376313
Book Value1,3221,010589838755676586511358232
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Fortinet, Inc.
Country United States
Employees 7,756
CEO Ken Xie

Stock Information

Ticker Symbol FTNT
Stock Exchange NASDAQ
Sector Technology
Industry Software—Infrastructure
Unique Identifier NASDAQ: FTNT
IPO Date November 18, 2009

Description

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network (WAN) acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender appliance provides a WAN connection to its FortiGate products; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions, as well as FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiNAC product family to implement zero trust network access strategies. The company provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. Fortinet, Inc. provides its products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2000 and is headquartered in Sunnyvale, California.