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FTNT

FTNT - Fortinet Inc Stock Price, Fair Value and News

63.40USD-0.63 (-0.98%)Market Closed

Market Summary

FTNT
USD63.40-0.63
Market Closed
-0.98%

FTNT Alerts

  • 1 major insider sales recently.

FTNT Stock Price

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FTNT RSI Chart

FTNT Valuation

Market Cap

48.4B

Price/Earnings (Trailing)

42.15

Price/Sales (Trailing)

9.12

EV/EBITDA

32.68

Price/Free Cashflow

24.99

FTNT Price/Sales (Trailing)

FTNT Profitability

EBT Margin

25.14%

Return on Equity

-247.69%

Return on Assets

15.81%

Free Cashflow Yield

4%

FTNT Fundamentals

FTNT Revenue

Revenue (TTM)

5.3B

Rev. Growth (Yr)

10.3%

Rev. Growth (Qtr)

6.03%

FTNT Earnings

Earnings (TTM)

1.1B

Earnings Growth (Yr)

-0.92%

Earnings Growth (Qtr)

-3.72%

Breaking Down FTNT Revenue

Last 7 days

-6.2%

Last 30 days

-5.6%

Last 90 days

5.1%

Trailing 12 Months

-4.9%

How does FTNT drawdown profile look like?

FTNT Financial Health

Current Ratio

1.19

Debt/Equity

-2.14

Debt/Cashflow

1.95

FTNT Investor Care

Buy Backs (1Y)

2.68%

Diluted EPS (TTM)

1.46

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20234.7B5.0B5.2B5.3B
20223.6B3.8B4.1B4.4B
20212.7B2.9B3.1B3.3B
20202.3B2.4B2.5B2.6B
20191.9B2.0B2.1B2.2B
20181.6B1.6B1.7B1.8B
20171.3B1.4B1.4B1.5B
20161.1B1.2B1.2B1.3B
2015814.3M870.0M936.7M1.0B
2014648.4M685.1M723.7M770.4M
2013552.2M570.7M589.1M615.3M
2012457.6M483.5M503.3M533.6M
2011348.2M374.9M406.3M433.6M
20100276.3M300.5M324.7M
2009000252.1M
GRUFITY'S FAIR VALUE MODEL

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Tracking the Latest Insider Buys and Sells of Fortinet Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 17, 2024
xie ken
sold
-1,557,360
64.8793
-24,004
president & ceo
Apr 17, 2024
xie ken
acquired
408,827
9.812
41,666
president & ceo
Apr 16, 2024
xie ken
sold
-1,553,380
64.7457
-23,992
president & ceo
Apr 16, 2024
xie ken
acquired
408,837
9.812
41,667
president & ceo
Mar 31, 2024
stavridis james g.
acquired
-
-
827
-
Mar 31, 2024
hu jean x.
acquired
-
-
827
-
Mar 31, 2024
sim judith
acquired
-
-
827
-
Mar 31, 2024
hsieh ming
acquired
-
-
827
-
Mar 31, 2024
goldman kenneth a
acquired
-
-
827
-
Mar 31, 2024
neukom william h.
acquired
-
-
827
-

1–10 of 50

Which funds bought or sold FTNT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 18, 2024
BARLOW WEALTH PARTNERS, INC.
added
5.11
1,762,570
10,881,700
1.48%
Apr 18, 2024
CULLINAN ASSOCIATES INC
sold off
-100
-351,180
-
-%
Apr 18, 2024
Aviance Capital Partners, LLC
new
-
204,930
204,930
0.03%
Apr 18, 2024
BKM Wealth Management, LLC
sold off
-100
-18,436
-
-%
Apr 18, 2024
McGlone Suttner Wealth Management, Inc.
sold off
-100
-17,618
-
-%
Apr 18, 2024
SILVERLAKE WEALTH MANAGEMENT LLC
sold off
-100
-409,710
-
-%
Apr 18, 2024
SJS Investment Consulting Inc.
unchanged
-
323
2,255
-%
Apr 18, 2024
MV CAPITAL MANAGEMENT, INC.
added
3.85
28,026
160,187
0.02%
Apr 18, 2024
Diversified Trust Co
reduced
-36.26
-260,435
756,464
0.02%
Apr 18, 2024
Capital Advisory Group Advisory Services, LLC
added
2.36
50,596
310,469
0.15%

1–10 of 49

Are Funds Buying or Selling FTNT?

Are funds buying FTNT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FTNT
No. of Funds

Unveiling Fortinet Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
xie michael
9.2%
70,468,292
SC 13G/A
Feb 13, 2024
xie ken
10.3%
78,664,328
SC 13G/A
Feb 13, 2024
vanguard group inc
8.76%
67,272,758
SC 13G/A
Jan 26, 2024
blackrock inc.
7.1%
54,206,558
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
1.7%
12,940,042
SC 13G/A
Feb 10, 2023
xie ken
9.9%
77,711,049
SC 13G/A
Feb 10, 2023
xie michael
9.0%
70,195,073
SC 13G/A
Feb 09, 2023
vanguard group inc
8.62%
67,373,952
SC 13G/A
Feb 01, 2023
blackrock inc.
6.5%
50,584,230
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
6.5%
10,707,518
SC 13G

Recent SEC filings of Fortinet Inc

View All Filings
Date Filed Form Type Document
Apr 17, 2024
144
Notice of Insider Sale Intent
Apr 17, 2024
4
Insider Trading
Apr 16, 2024
144
Notice of Insider Sale Intent
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Mar 25, 2024
3
Insider Trading

Peers (Alternatives to Fortinet Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.0T
227.6B
-4.10% 40.11%
35.93
13.03
11.51% 22.38%
208.3B
19.9B
-9.26% 24.41%
43.39
10.45
10.76% 1.35%
67.4B
3.1B
-8.38% 121.31%
754.78
22.07
36.33% 148.75%
42.9B
21.9B
-9.15% 14.62%
6.3K
1.96
25.01% 101.26%
15.4B
3.8B
-6.58% 22.51%
28.07
4.03
5.40% 4.57%
10.4B
2.8B
-5.04% 30.96%
22.62
3.72
3.55% 53.13%
MID-CAP
6.5B
612.7M
0.17% 15.37%
-729.3
10.62
7.07% 79.45%
4.6B
583.1M
-15.85% -18.07%
-24.39
7.97
22.54% 30.49%
3.4B
1.5B
-1.28% 21.93%
27.6
2.31
2.16% -14.54%
2.5B
545.4M
-4.57% -13.82%
-22.87
4.67
16.53% 26.16%
SMALL-CAP
1.4B
1.2B
-5.17% -8.38%
20.8
1.22
7.30% 93.18%
957.3M
251.7M
-3.09% -10.01%
23.95
3.8
-10.22% -14.79%
449.5M
601.1M
-6.64% 27.67%
-27.5
0.75
4.88% -183.51%
19.1M
7.0M
-8.53% -58.10%
-2.22
2.91
-55.73% -45.27%
12.8M
15.6M
24.24% 33.70%
-1.28
0.82
-6.37% -5256.07%

Fortinet Inc News

Latest updates
MarketWatch27 hours ago
Simply Wall St13 Apr 202403:02 pm

Fortinet Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue6.0%1,4151,3351,2931,2621,2831,1501,030955964867801710748651618578619548522473510
Gross Profit8.1%1,0991,017997955986867779701735656614554581512483449479424393360382
Operating Expenses0.0%714714718681628601584550520490467432412385364332356323318309293
  S&GA Expenses0.6%507504516478456427416388368347327304291267254260257227227216206
  R&D Expenses-2.8%15315715315112913412412511310810797.0089.0090.0082.0080.0071.0070.0067.0069.0066.00
EBITDA Margin1.0%0.28*0.27*0.27*0.26*0.24*0.22*0.21*0.21*0.22*0.22*0.22*0.22*---------
Interest Expenses0%5.005.005.005.005.005.005.005.005.005.005.001.00---------
Income Taxes31833.3%95.00-0.3028.0021.009.0027.002.00-8.104.00-9.308.0012.0025.005.0010.0013.0014.0026.0013.002.00-89.80
Earnings Before Taxes26.8%41632829929136826518413920715714511917212812411813310686.0060.0096.00
EBT Margin1.1%0.25*0.25*0.25*0.23*0.22*0.19*0.18*0.18*0.19*0.19*0.19*0.20*---------
Net Income-3.7%31132326624831423217413819916313810714712311410511980.0073.0059.00185
Net Income Margin-2.7%0.22*0.22*0.21*0.20*0.19*0.18*0.18*0.18*0.18*0.18*0.18*0.18*---------
Free Cashflow-74.7%122481438647440395284274298330395264---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-2.9%7,2597,4797,4866,8326,2285,3365,2955,6515,9195,9715,5595,2824,0453,5863,3313,2063,8793,5463,3693,2063,078
  Current Assets-6.8%4,4284,7534,8784,3593,8102,9822,9533,2083,6013,9643,9083,7812,7402,3852,2092,0352,7692,4662,3612,3132,221
    Cash Equivalents-36.1%1,3982,1872,3762,3041,6839647109241,3191,8521,8791,8601,0628829166261,2231,1761,0221,2171,112
  Inventory3.7%48546837630326521619518517617815015014013512610511899.0086.0088.0090.00
  Net PPE0.6%1,0441,038982917899890815787688557507494448419393374344306285272271
  Goodwill0.9%12712512612812812012112412512899.0099.0093.0068.0067.0067.0067.0038.00---
Liabilities4.3%7,7227,4057,1656,8216,5105,9595,6745,4185,1214,8354,5094,3013,1892,8732,7872,6702,5372,3452,2472,1482,068
  Current Liabilities1.9%3,7193,6493,5013,2623,0782,7802,6352,5112,3182,1981,9991,8801,8301,6461,6121,5431,4561,3421,2941,2541,256
  Long Term Debt0.1%992992991991990990989989988988988987---------
    LT Debt, Non Current0.1%992992991991990990989989988988988987---------
Shareholder's Equity-725.4%-46374.0032111.00-281--2337981,1361,0509818567135675571,3421,2181,1391,0581,026
  Retained Earnings-43.3%-1,861-1,299-1,032-1,298-1,546-1,860-1,607-1,003-467-138-195-244-352-466-613-58916147.00-9.00-50.00-57.50
  Additional Paid-In Capital1.4%1,4161,3971,3761,3271,2841,2501,2371,2361,2541,2581,2461,2251,2071,1791,1541,1281,1801,1531,1301,1081,068
Shares Outstanding-2.0%761776786784782795799803816818816815---------
Minority Interest------12.0013.0016.0017.0018.00-----------
Float---38,473---25,622---25,504---14,216---8,794--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-65.2%192551515678528483323396367399418316297221247319190221195201180
  Share Based Compensation-1.4%63.0064.0065.0056.0055.0055.0055.0053.0053.0053.0053.0050.0049.0049.0049.0045.0044.0042.0045.0043.0043.00
Cashflow From Investing35.6%-71.60-111-424-42.40217298294-45.40-265-307-278-473-65.00-2242125.00-99.60-27.10-336-39.00-127
Cashflow From Financing-44.7%-910-628-17.70-13.70-27.40-526-830-746-633-118-120956-52.00-30.30-168-920-43.80-40.70-53.30-57.80-109
  Buy Backs48.1%896605---50080069155710992.00-34.005.0014689026.0027.0035.0060.0095.00

FTNT Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE:   
Total revenue$ 5,304.8$ 4,417.4$ 3,342.2
COST OF REVENUE:   
Total cost of revenue1,237.21,084.9783.0
GROSS PROFIT:   
Total gross profit4,067.63,332.52,559.2
OPERATING EXPENSES:   
Research and development613.8512.4424.2
Sales and marketing2,006.01,686.11,345.7
General and administrative211.3169.0143.5
Gain on intellectual property matter(4.6)(4.6)(4.6)
Total operating expenses2,826.52,362.91,908.8
OPERATING INCOME1,241.1969.6650.4
INTEREST INCOME119.717.44.5
INTEREST EXPENSE(21.0)(18.0)(14.9)
OTHER EXPENSE—NET(6.1)(13.5)(11.6)
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENTS1,333.7955.5628.4
PROVISION FOR INCOME TAXES143.830.814.1
LOSS FROM EQUITY METHOD INVESTMENTS(42.1)(68.1)(7.6)
NET INCOME INCLUDING NON-CONTROLLING INTERESTS1,147.8856.6606.7
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX0.0(0.7)(0.1)
NET INCOME ATTRIBUTABLE TO FORTINET, INC.$ 1,147.8$ 857.3$ 606.8
Net income per share attributable to Fortinet, Inc. (Note 9):   
Basic (in dollars per share)$ 1.47$ 1.08$ 0.74
Diluted (in dollars per share)$ 1.46$ 1.06$ 0.73
Weighted-average shares used to compute net income per share attributable to Fortinet, Inc.:   
Basic (in shares)778.6791.4816.1
Diluted (in shares)788.2805.3835.3
Product   
REVENUE:   
Total revenue$ 1,927.3$ 1,780.5$ 1,255.0
COST OF REVENUE:   
Total cost of revenue763.6691.3487.7
GROSS PROFIT:   
Total gross profit1,163.71,089.2767.3
Service   
REVENUE:   
Total revenue3,377.52,636.92,087.2
COST OF REVENUE:   
Total cost of revenue473.6393.6295.3
GROSS PROFIT:   
Total gross profit$ 2,903.9$ 2,243.3$ 1,791.9

FTNT Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 1,397.9$ 1,682.9
Short-term investments1,021.5502.6
Marketable equity securities21.025.5
Accounts receivable—Net of allowance for credit losses of $8.2 million and $3.6 million at December 31, 2023 and 2022, respectively1,402.01,261.7
Inventory484.8264.6
Prepaid expenses and other current assets101.173.1
Total current assets4,428.33,810.4
LONG-TERM INVESTMENTS0.045.5
PROPERTY AND EQUIPMENT—NET1,044.4898.5
DEFERRED CONTRACT COSTS605.6518.2
DEFERRED TAX ASSETS868.8569.4
GOODWILL126.5128.0
OTHER INTANGIBLE ASSETS—NET35.356.0
OTHER ASSETS150.0202.0
TOTAL ASSETS7,258.96,228.0
CURRENT LIABILITIES:  
Accounts payable204.3243.4
Accrued liabilities423.7266.3
Accrued payroll and compensation242.3219.4
Deferred revenue2,848.72,349.3
Total current liabilities3,719.03,078.4
DEFERRED REVENUE2,886.32,291.0
LONG-TERM DEBT992.3990.4
OTHER LIABILITIES124.7149.8
Total liabilities7,722.36,509.6
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS’ DEFICIT:  
Common stock, $0.001 par value—1,500.0 shares authorized; 761.0 shares and 781.5 shares issued and outstanding at December 31, 2023 and 2022, respectively0.80.8
Additional paid-in capital1,416.41,284.2
Accumulated other comprehensive loss(18.9)(20.2)
Accumulated deficit(1,861.7)(1,546.4)
Total stockholders’ deficit(463.4)(281.6)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT$ 7,258.9$ 6,228.0
FTNT
Fortinet, Inc. provides cybersecurity and networking 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 acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides centralized network logging, analyzing and reporting solutions. 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; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiAuthenticator, a zero trust access solution; FortiGate VM, a network firewall virtual appliance; FortiToken, product family for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both machine-learning anti-malware protection and remediation. It 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. It has strategic alliance with Linksys. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.
 CEO
 WEBSITEfortinet.com
 INDUSTRYSoftware - Infra
 EMPLOYEES13677

Fortinet Inc Frequently Asked Questions


What is the ticker symbol for Fortinet Inc? What does FTNT stand for in stocks?

FTNT is the stock ticker symbol of Fortinet Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Fortinet Inc (FTNT)?

As of Thu Apr 18 2024, market cap of Fortinet Inc is 48.83 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FTNT stock?

You can check FTNT's fair value in chart for subscribers.

What is the fair value of FTNT stock?

You can check FTNT's fair value in chart for subscribers. The fair value of Fortinet Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Fortinet Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FTNT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Fortinet Inc a good stock to buy?

The fair value guage provides a quick view whether FTNT is over valued or under valued. Whether Fortinet Inc is cheap or expensive depends on the assumptions which impact Fortinet Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FTNT.

What is Fortinet Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, FTNT's PE ratio (Price to Earnings) is 42.54 and Price to Sales (PS) ratio is 9.2. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FTNT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Fortinet Inc's stock?

In the past 10 years, Fortinet Inc has provided 0.308 (multiply by 100 for percentage) rate of return.