Last 7 days
-2.3%
Last 30 days
0.4%
Last 90 days
15.8%
Trailing 12 Months
6.6%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MSFT | 2.1T | 204.1B | -1.92% | -6.89% | 30.5 | 10.08 | 10.38% | -5.25% |
ADBE | 163.2B | 17.6B | -11.04% | -20.88% | 34.32 | 9.27 | 11.54% | -1.37% |
PANW | 57.4B | 6.2B | 10.52% | 2.10% | 1.7K | 9.32 | 26.73% | 107.43% |
FTNT | 48.4B | 4.4B | 0.40% | 6.58% | 56.41 | 10.95 | 29.44% | 41.28% |
ZM | 20.9B | 4.4B | -7.13% | -28.23% | 201.15 | 4.75 | 7.15% | -92.46% |
MID-CAP | ||||||||
TDC | 3.8B | 1.8B | -6.09% | -16.49% | 116.39 | 2.14 | -6.36% | -77.55% |
BB | 2.1B | 690.0M | -11.48% | -39.24% | -22.54 | 3.1 | -7.13% | 78.75% |
SMALL-CAP | ||||||||
ATEN | 1.1B | 280.3M | -5.08% | 12.60% | 24.35 | 4.07 | 12.12% | -50.56% |
MITK | 444.0M | 139.8M | -6.02% | -33.50% | 65.72 | 3.18 | 19.31% | -39.51% |
INS | 258.0M | 69.8M | - | - | 18.58 | 3.7 | 44.60% | 53.57% |
AVYA | 125.3M | - | -2.38% | -98.14% | -5.72 | 0.04 | - | - |
QUMU | 16.1M | 21.5M | 1.30% | -53.31% | -1.29 | 0.75 | -14.17% | 24.35% |
BKYI | 6.6M | 6.2M | -6.10% | -64.35% | -0.92 | 1.07 | 18.17% | -59.80% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 6.0% | 4,417 | 4,166 | 3,915 | 3,664 | 3,413 |
Gross Profit | 8.1% | 3,333 | 3,082 | 2,872 | 2,707 | 2,559 |
Operating Expenses | 4.8% | 2,363 | 2,255 | 2,144 | 2,027 | 1,909 |
S&GA Expenses | 5.5% | 1,686 | 1,598 | 1,518 | 1,429 | 1,346 |
R&D Expenses | 3.3% | 512 | 496 | 470 | 452 | 424 |
EBITDA | 17.8% | 1,078 | 915 | 804 | 758 | - |
EBITDA Margin | 11.1% | 0.24* | 0.22* | 0.21* | 0.21* | - |
Earnings Before Taxes | 20.2% | 956 | 795 | 687 | 648 | 628 |
EBT Margin | 13.4% | 0.22* | 0.19* | 0.18* | 0.18* | - |
Interest Expenses | 0% | 18.00 | 18.00 | 18.00 | 18.00 | 15.00 |
Net Income | 15.5% | 857 | 743 | 674 | 638 | 607 |
Net Income Margin | 8.9% | 0.19* | 0.18* | 0.18* | 0.18* | - |
Free Cahsflow | 13.1% | 1,397 | 1,236 | 1,176 | 1,293 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 16.7% | 6,228 | 5,336 | 5,295 | 5,651 | 5,919 |
Current Assets | 27.8% | 3,810 | 2,982 | 2,953 | 3,208 | 3,601 |
Cash Equivalents | 74.6% | 1,683 | 964 | 710 | 924 | 1,319 |
Inventory | 22.6% | 265 | 216 | 195 | 185 | 176 |
Net PPE | 1.0% | 899 | 890 | 815 | 787 | 688 |
Goodwill | 6.5% | 128 | 120 | 121 | 124 | 125 |
Liabilities | 9.2% | 6,510 | 5,959 | 5,674 | 5,418 | 5,121 |
Current Liabilities | 10.7% | 3,078 | 2,780 | 2,635 | 2,511 | 2,318 |
LT Debt, Non Current | 0.1% | 990 | 990 | 989 | 989 | 988 |
Shareholder's Equity | -220.8% | -281 | 233 | 782 | - | - |
Retained Earnings | 16.9% | -1,546 | -1,860 | -1,607 | -1,003 | -467 |
Additional Paid-In Capital | 2.7% | 1,284 | 1,250 | 1,237 | 1,236 | 1,254 |
Accumulated Depreciation | - | 212 | - | - | - | - |
Shares Outstanding | 0.2% | 782 | 780 | 788 | 802 | 810 |
Minority Interest | -100.0% | - | 12.00 | 13.00 | 16.00 | 17.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 10.3% | 1,731 | 1,569 | 1,485 | 1,580 | 1,500 |
Share Based Compensation | 0.7% | 217 | 216 | 214 | 212 | 208 |
Cashflow From Investing | 172.2% | 764 | 281 | -324 | -897 | -1,325 |
Cashflow From Financing | 22.2% | -2,130 | -2,736 | -2,328 | -1,619 | 83.00 |
Buy Backs | -22.3% | 1,991 | 2,563 | 2,172 | 1,463 | 742 |
78.8%
30%
0%
Y-axis is the maximum loss one would have experienced if Fortinet was unfortunately bought at previous high price.
28.4%
40.3%
41.1%
54.0%
FIve years rolling returns for Fortinet.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 1.45 | 19,791 | 2,138,790 | 0.06% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -10.43 | -5,781,330 | 47,424,700 | 0.05% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 17.8 | 3,753,000 | 25,542,000 | 0.13% |
2023-03-06 | Aldebaran Financial Inc. | reduced | -1.4 | -355,909 | 9,100,090 | 9.78% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | sold off | -100 | - | - | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -54.48 | -130,518,000 | 109,415,000 | 0.15% |
2023-02-27 | Parallax Volatility Advisers, L.P. | added | 41,219 | 3,325,170 | 3,333,170 | -% |
2023-02-27 | ST GERMAIN D J CO INC | new | - | 25,912 | 25,912 | 0.01% |
2023-02-27 | CASCADE INVESTMENT GROUP, INC. | new | - | 526,790 | 526,790 | 0.55% |
2023-02-24 | Palmer Knight Co | reduced | -0.53 | -41,996 | 4,096,000 | 3.66% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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 | |
Feb 09, 2022 | xie michael | 8.8% | 14,285,419 | SC 13G/A | |
Feb 09, 2022 | xie ken | 9.7% | 15,793,282 | SC 13G/A | |
Feb 03, 2022 | blackrock inc. | 7.1% | 11,668,040 | SC 13G/A | |
Feb 11, 2021 | xie michael | 8.9% | 14,540,465 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 29.43 -52.44% | 41.10 -33.58% | 66.37 7.26% | 92.52 49.52% | 109.39 76.78% |
Current Inflation | 26.60 -57.01% | 36.55 -40.93% | 57.91 -6.42% | 79.70 28.80% | 93.72 51.45% |
Very High Inflation | 23.14 -62.61% | 31.10 -49.74% | 47.98 -22.46% | 64.90 4.88% | 75.75 22.41% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 06, 2023 | 4/A | Insider Trading | |
Mar 06, 2023 | 4/A | Insider Trading | |
Mar 06, 2023 | 4/A | Insider Trading | |
Mar 06, 2023 | 4/A | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 10-K | Annual Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-23 | Jensen Keith | sold | -5,920,320 | 60.1818 | -98,374 | cfo & chief accounting officer |
2023-02-23 | Jensen Keith | acquired | 1,905,260 | 24.1494 | 78,895 | cfo & chief accounting officer |
2023-02-21 | Perche Patrice | sold | -659,321 | 59.7482 | -11,035 | chief revenue off./evp supp. |
2023-02-21 | Perche Patrice | acquired | 274,559 | 24.8808 | 11,035 | chief revenue off./evp supp. |
2023-02-09 | Perche Patrice | acquired | 9,288,630 | 21.3291 | 435,490 | chief revenue off./evp supp. |
2023-02-09 | Perche Patrice | sold | -33,935,100 | 58.967 | -575,494 | chief revenue off./evp supp. |
2023-02-02 | Xie Michael | sold | -12,896,300 | 53.7242 | -240,046 | vp, engineering & cto |
2023-02-02 | Xie Michael | acquired | 1,071,000 | 4.76 | 225,000 | vp, engineering & cto |
2023-02-01 | Perche Patrice | acquired | - | - | 18,600 | chief revenue off./evp supp. |
2023-02-01 | Xie Ken | sold (taxes) | -1,528,990 | 53.09 | -28,800 | president & ceo |
Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
REVENUE: | |||
Total revenue | $ 4,417.4 | $ 3,342.2 | $ 2,594.4 |
COST OF REVENUE: | |||
Total cost of revenue | 1,084.9 | 783.0 | 570.0 |
GROSS PROFIT: | |||
Total gross profit | 3,332.5 | 2,559.2 | 2,024.4 |
OPERATING EXPENSES: | |||
Research and development | 512.4 | 424.2 | 341.4 |
Sales and marketing | 1,686.1 | 1,345.7 | 1,071.9 |
General and administrative | 169.0 | 143.5 | 119.5 |
Gain on intellectual property matter | (4.6) | (4.6) | (40.2) |
Total operating expenses | 2,362.9 | 1,908.8 | 1,492.6 |
OPERATING INCOME | 969.6 | 650.4 | 531.8 |
INTEREST INCOME | 17.4 | 4.5 | 17.7 |
INTEREST EXPENSE | (18.0) | (14.9) | 0.0 |
OTHER EXPENSE—NET | (13.5) | (11.6) | (7.8) |
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT | 955.5 | 628.4 | 541.7 |
PROVISION FOR INCOME TAXES | 30.8 | 14.1 | 53.2 |
LOSS FROM EQUITY METHOD INVESTMENT | (68.1) | (7.6) | 0.0 |
NET INCOME INCLUDING NON-CONTROLLING INTERESTS | 856.6 | 606.7 | 488.5 |
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX | (0.7) | (0.1) | 0.0 |
NET INCOME ATTRIBUTABLE TO FORTINET, INC. | $ 857.3 | $ 606.8 | $ 488.5 |
Net income per share attributable to Fortinet, Inc. (Note $9): | |||
Basic (in dollars per share) | $ 1.08 | $ 0.74 | $ 0.60 |
Diluted (in dollars per share) | $ 1.06 | $ 0.73 | $ 0.58 |
Weighted-average shares used to compute net income per share attributable to Fortinet, Inc.: | |||
Basic (in shares) | 791.4 | 816.1 | 821.0 |
Diluted (in shares) | 805.3 | 835.3 | 838.3 |
Product | |||
REVENUE: | |||
Total revenue | $ 1,780.5 | $ 1,255.0 | $ 916.4 |
COST OF REVENUE: | |||
Total cost of revenue | 691.3 | 487.7 | 352.4 |
GROSS PROFIT: | |||
Total gross profit | 1,089.2 | 767.3 | 564.0 |
Service | |||
REVENUE: | |||
Total revenue | 2,636.9 | 2,087.2 | 1,678.0 |
COST OF REVENUE: | |||
Total cost of revenue | 393.6 | 295.3 | 217.6 |
GROSS PROFIT: | |||
Total gross profit | $ 2,243.3 | $ 1,791.9 | $ 1,460.4 |
Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 1,682.9 | $ 1,319.1 |
Short-term investments | 502.6 | 1,194.0 |
Marketable equity securities | 25.5 | 38.6 |
Accounts receivable—Net of allowance for credit losses of $3.6 million and $2.4 million at December 31, 2022 and 2021, respectively | 1,261.7 | 807.7 |
Inventory | 264.6 | 175.8 |
Prepaid expenses and other current assets | 73.1 | 65.4 |
Total current assets | 3,810.4 | 3,600.6 |
LONG-TERM INVESTMENTS | 45.5 | 440.8 |
PROPERTY AND EQUIPMENT—NET | 898.5 | 687.6 |
DEFERRED CONTRACT COSTS | 518.2 | 423.3 |
DEFERRED TAX ASSETS | 569.4 | 342.3 |
GOODWILL | 128.0 | 125.1 |
OTHER INTANGIBLE ASSETS—NET | 56.0 | 63.6 |
OTHER ASSETS | 202.0 | 235.8 |
TOTAL ASSETS | 6,228.0 | 5,919.1 |
CURRENT LIABILITIES: | ||
Accounts payable | 243.4 | 148.4 |
Accrued liabilities | 266.3 | 197.3 |
Accrued payroll and compensation | 219.4 | 195.0 |
Deferred revenue | 2,349.3 | 1,777.4 |
Total current liabilities | 3,078.4 | 2,318.1 |
DEFERRED REVENUE | 2,291.0 | 1,675.5 |
INCOME TAX LIABILITIES | 67.8 | 79.5 |
LONG-TERM DEBT | 990.4 | 988.4 |
OTHER LIABILITIES | 82.0 | 59.2 |
Total liabilities | 6,509.6 | 5,120.7 |
COMMITMENTS AND CONTINGENCIES (Note 12) | ||
EQUITY (DEFICIT): | ||
Common stock, $0.001 par value—1,500.0 shares authorized; 781.5 shares and 810.0 shares issued and outstanding at December 31, 2022 and 2021, respectively | 0.8 | 0.8 |
Additional paid-in capital | 1,284.2 | 1,253.6 |
Accumulated other comprehensive loss | (20.2) | (4.8) |
Accumulated deficit | (1,546.4) | (467.9) |
Total Fortinet, Inc. stockholders’ equity (deficit) | (281.6) | 781.7 |
Non-controlling interests | 0.0 | 16.7 |
Total equity (deficit) | (281.6) | 798.4 |
TOTAL LIABILITIES AND EQUITY (DEFICIT) | $ 6,228.0 | $ 5,919.1 |