Last 7 days
-3.9%
Last 30 days
3.0%
Last 90 days
-16.3%
Trailing 12 Months
18.5%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-09-08 | NEUKOM WILLIAM H. | bought | 34,928 | 63.276 | 552 | - |
2023-08-23 | Jensen Keith | sold | -1,457,980 | 58.9915 | -24,715 | cfo & chief accounting officer |
2023-08-23 | Jensen Keith | acquired | 703,681 | 28.4718 | 24,715 | cfo & chief accounting officer |
2023-08-21 | Perche Patrice | sold | -439,179 | 58.2852 | -7,535 | chief revenue off./evp supp. |
2023-08-21 | Perche Patrice | acquired | 215,352 | 28.5802 | 7,535 | chief revenue off./evp supp. |
2023-08-18 | Jensen Keith | sold | -291,737 | 57.2033 | -5,100 | cfo & chief accounting officer |
2023-08-03 | Perche Patrice | sold | -672,051 | 75.3167 | -8,923 | chief revenue off./evp supp. |
2023-08-02 | Xie Michael | sold | -441,678 | 75.0515 | -5,885 | vp, engineering & cto |
2023-08-01 | Whittle John | acquired | - | - | 6,200 | vp corp dev&strat alliance,gc |
2023-08-01 | Whittle John | sold (taxes) | -240,020 | 78.03 | -3,076 | vp corp dev&strat alliance,gc |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | sold off | -100 | -13,290,000 | - | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 2.5 | 6,602 | 46,412 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -48.09 | -25,699 | 37,039 | 0.01% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 40,063 | 40,063 | -% |
2023-09-05 | Delos Wealth Advisors, LLC | reduced | -97.08 | -22,040 | 756 | -% |
2023-09-05 | Westshore Wealth, LLC | new | - | 264,565 | 264,565 | 0.14% |
2023-09-01 | Manhattan West Asset Management, LLC | added | 15.69 | 364,999 | 1,520,870 | 0.57% |
2023-08-30 | CHAPIN DAVIS, INC. | new | - | 1,627,680 | 1,627,680 | 0.77% |
2023-08-29 | Garde Capital, Inc. | unchanged | - | 46,000 | 378,000 | 0.03% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 1,598 | 8,194 | -% |
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 |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 08, 2023 | 4 | Insider Trading | |
Aug 24, 2023 | 4 | Insider Trading | |
Aug 23, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 22, 2023 | 4 | Insider Trading | |
Aug 21, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 21, 2023 | 4 | Insider Trading | |
Aug 18, 2023 | 4 | Insider Trading | |
Aug 18, 2023 | 4 | Insider Trading | |
Aug 18, 2023 | 4 | Insider Trading | |
Aug 18, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MSFT | 2.4T | 211.9B | -0.34% | 32.68% | 32.95 | 11.25 | 6.88% | -0.52% |
ADBE | 244.3B | 18.4B | 2.94% | 84.08% | 50.33 | 13.26 | 10.40% | -0.72% |
PANW | 72.5B | 6.9B | -2.29% | 34.44% | 164.98 | 10.52 | 25.29% | 264.68% |
FTNT | 47.3B | 5.0B | 3.01% | 18.48% | 44.6 | 9.47 | 27.39% | 57.18% |
ZM | 20.6B | 4.5B | 2.27% | -10.75% | 145.2 | 4.61 | 3.92% | -85.69% |
MID-CAP | ||||||||
TDC | 4.6B | 1.8B | 3.31% | 47.91% | 78.81 | 2.53 | -2.90% | -29.27% |
BB | 3.0B | 861.0M | 16.40% | -8.42% | -5.28 | 3.46 | 20.93% | -427.10% |
SMALL-CAP | ||||||||
ATEN | 1.1B | 273.2M | 0.89% | 14.76% | 23.87 | 4 | 2.45% | -55.34% |
MITK | 444.0M | 157.2M | - | 17.40% | 65.72 | 3.18 | 24.45% | -48.07% |
INS | 258.0M | 60.7M | - | - | 18.58 | 3.7 | -7.25% | -67.19% |
BKYI | 4.6M | 8.1M | -22.52% | -69.99% | -0.42 | 0.56 | 33.04% | -88.92% |
AVYA | - | - | -2.38% | -98.14% | - | - | - | - |
QUMU | 16.1M | - | 1.30% | -53.31% | -1.29 | 0.75 | - | - |
30.3%
35.4%
28.6%
36.9%
88.8%
30.4%
0%
Y-axis is the maximum loss one would have experienced if Fortinet was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 |
Revenue | 5.6% | 4,988 | 4,725 | 4,417 | 4,166 | 3,915 | 3,664 | 3,413 | 2,911 | 2,727 | 2,594 | 2,465 | 2,362 | 2,266 | 2,163 | 2,053 | 1,959 | 1,878 | 1,805 | 2,126 | 1,909 | 1,831 |
Gross Profit | 6.1% | 3,804 | 3,586 | 3,333 | 3,082 | 2,872 | 2,707 | 2,559 | 2,261 | 2,129 | 2,024 | 1,921 | 1,833 | 1,744 | 1,657 | 1,559 | 1,477 | 1,412 | 1,354 | 1,284 | 1,222 | 1,161 |
Operating Expenses | 5.4% | 2,628 | 2,494 | 2,363 | 2,255 | 2,144 | 2,027 | 1,909 | 1,695 | 1,592 | 1,493 | 1,437 | 1,375 | 1,329 | 1,306 | 1,244 | 1,200 | 1,159 | 1,120 | 1,095 | 1,063 | 1,025 |
S&GA Expenses | 5.7% | 1,877 | 1,777 | 1,686 | 1,598 | 1,518 | 1,429 | 1,346 | 1,189 | 1,116 | 1,072 | 1,038 | 998 | 971 | 927 | 876 | 847 | 813 | 782 | 768 | 742 | 716 |
R&D Expenses | 5.4% | 568 | 539 | 512 | 496 | 470 | 452 | 424 | 383 | 358 | 341 | 324 | 304 | 289 | 277 | 271 | 260 | 254 | 245 | 234 | 229 | 219 |
EBITDA | -100.0% | - | 1,233 | 1,078 | 915 | 804 | 758 | 728 | 640 | 612 | 611 | 572 | 547 | 506 | 448 | - | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.26* | 0.24* | 0.22* | 0.21* | 0.21* | 0.22* | 0.22* | 0.22* | 0.24* | 0.23* | 0.23* | 0.22* | 0.21* | - | - | - | - | - | - | - |
Interest Expenses | 3.8% | 19.00 | 19.00 | 18.00 | 18.00 | 18.00 | 18.00 | 15.00 | 6.00 | 1.00 | - | - | - | - | - | - | - | - | - | - | - | - |
Earnings Before Taxes | 10.4% | 1,223 | 1,108 | 956 | 795 | 687 | 648 | 628 | 565 | 543 | 542 | 501 | 479 | 441 | 386 | 348 | 312 | 278 | 254 | 204 | 171 | 153 |
EBT Margin | -100.0% | - | 0.23* | 0.22* | 0.19* | 0.18* | 0.18* | 0.19* | 0.19* | 0.20* | 0.21* | 0.20* | 0.20* | 0.20* | 0.18* | - | - | - | - | - | - | - |
Net Income | 9.6% | 1,059 | 967 | 857 | 743 | 674 | 638 | 607 | 515 | 491 | 489 | 460 | 417 | 376 | 332 | 397 | 376 | 352 | 335 | 121 | 89.00 | 62.00 |
Net Income Margin | -100.0% | - | 0.20* | 0.19* | 0.18* | 0.18* | 0.18* | 0.18* | 0.18* | 0.18* | 0.19* | 0.18* | 0.17* | 0.16* | 0.15* | - | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 1,801 | - | 1,236 | 1,176 | 1,293 | 1,307 | 1,104 | 923 | 959 | 853 | 877 | 843 | 748 | 738 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 9.6% | 7,486 | 6,832 | 6,228 | 5,336 | 5,295 | 5,651 | 5,919 | 5,971 | 5,559 | 5,282 | 4,045 | 3,586 | 3,331 | 3,206 | 3,879 | 3,546 | 3,369 | 3,206 | 3,078 | 2,764 | 2,576 |
Current Assets | 11.9% | 4,878 | 4,359 | 3,810 | 2,982 | 2,953 | 3,208 | 3,601 | 3,964 | 3,908 | 3,781 | 2,740 | 2,385 | 2,209 | 2,035 | 2,769 | 2,466 | 2,361 | 2,313 | 2,221 | 2,078 | 1,885 |
Cash Equivalents | 3.1% | 2,376 | 2,304 | 1,683 | 964 | 710 | 924 | 1,319 | 1,852 | 1,879 | 1,860 | 1,062 | 882 | 916 | 626 | 1,223 | 1,176 | 1,022 | 1,217 | 1,112 | 1,169 | 972 |
Inventory | 24.3% | 376 | 303 | 265 | 216 | 195 | 185 | 176 | 178 | 150 | 150 | 140 | 135 | 126 | 105 | 118 | 99.00 | 86.00 | 88.00 | 90.00 | 81.00 | 78.00 |
Net PPE | 7.0% | 982 | 917 | 899 | 890 | 815 | 787 | 688 | 557 | 507 | 494 | 448 | 419 | 393 | 374 | 344 | 306 | 285 | 272 | 271 | 265 | 256 |
Goodwill | -1.4% | 126 | 128 | 128 | 120 | 121 | 124 | 125 | 128 | 99.00 | 99.00 | 93.00 | 68.00 | 67.00 | 67.00 | 67.00 | 38.00 | 38.00 | 38.00 | - | - | - |
Liabilities | 5.0% | 7,165 | 6,821 | 6,510 | 5,959 | 5,674 | 5,418 | 5,121 | 4,835 | 4,509 | 4,301 | 3,189 | 2,873 | 2,787 | 2,670 | 2,537 | 2,345 | 2,247 | 2,148 | 2,068 | 1,872 | 1,796 |
Current Liabilities | 7.3% | 3,501 | 3,262 | 3,078 | 2,780 | 2,635 | 2,511 | 2,318 | 2,198 | 1,999 | 1,880 | 1,830 | 1,646 | 1,612 | 1,543 | 1,456 | 1,342 | 1,294 | 1,254 | 1,256 | 1,112 | 1,085 |
LT Debt, Non Current | 0.0% | 991 | 991 | 990 | 990 | 989 | 989 | 988 | 988 | 988 | 987 | - | - | - | - | - | - | - | - | - | - | - |
Shareholder's Equity | 2717.5% | 321 | 11.00 | -281 | - | -379 | 233 | 798 | 1,136 | 1,050 | 981 | 856 | 713 | 567 | 557 | 1,342 | 1,218 | 1,139 | 1,058 | 1,026 | 892 | 780 |
Retained Earnings | 20.5% | -1,032 | -1,298 | -1,546 | -1,860 | -1,607 | -1,003 | -467 | -138 | -195 | -244 | -352 | -466 | -613 | -589 | 161 | 47.00 | -9.00 | -50.00 | -57.50 | -156 | -214 |
Additional Paid-In Capital | 3.7% | 1,376 | 1,327 | 1,284 | 1,250 | 1,237 | 1,236 | 1,254 | 1,258 | 1,246 | 1,225 | 1,207 | 1,179 | 1,154 | 1,128 | 1,180 | 1,153 | 1,130 | 1,108 | 1,068 | 1,048 | 996 |
Shares Outstanding | 0.2% | 786 | 784 | 782 | 780 | 795 | 803 | 810 | 818 | 817 | 815 | 813 | 811 | 808 | 853 | 859 | 857 | 856 | 851 | 849 | 849 | 843 |
Minority Interest | - | - | - | - | 12.00 | 13.00 | 16.00 | 17.00 | 18.00 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 9.5% | 2,204 | 2,012 | 1,731 | 1,569 | 1,485 | 1,580 | 1,500 | 1,429 | 1,251 | 1,080 | 1,084 | 978 | 978 | 926 | 808 | 798 | 753 | 701 | 639 | 616 | 602 |
Share Based Compensation | 4.7% | 231 | 220 | 217 | 216 | 214 | 212 | 208 | 204 | 200 | 196 | 192 | 187 | 180 | 176 | 174 | 173 | 174 | 169 | 163 | 155 | 146 |
Cashflow From Investing | -93.6% | 49.00 | 767 | 764 | 281 | -324 | -897 | -1,325 | -1,124 | -1,041 | -550 | -72.80 | -107 | 90.00 | -458 | -502 | -530 | -492 | -148 | -134 | 58.00 | 18.00 |
Cashflow From Financing | 58.1% | -585 | -1,398 | -2,130 | -2,736 | -2,328 | -1,619 | 83.00 | 664 | 753 | 705 | -1,171 | -1,163 | -1,173 | -1,058 | -195 | -261 | -211 | -170 | -202 | -410 | -500 |
Buy Backs | -61.5% | 500 | 1,300 | 1,991 | 2,563 | 2,172 | 1,463 | 742 | 235 | 126 | 180 | 1,080 | 1,064 | 1,090 | 979 | 145 | 216 | 190 | 157 | 212 | 439 | 530 |
Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
REVENUE: | ||||
Total revenue | $ 1,292.8 | $ 1,030.1 | $ 2,555.1 | $ 1,984.9 |
COST OF REVENUE: | ||||
Total cost of revenue | 295.8 | 250.8 | 603.6 | 504.6 |
GROSS PROFIT: | ||||
Total gross profit | 997.0 | 779.3 | 1,951.5 | 1,480.3 |
OPERATING EXPENSES: | ||||
Research and development | 153.3 | 124.3 | 304.4 | 249.2 |
Sales and marketing | 515.9 | 415.5 | 994.2 | 803.1 |
General and administrative | 49.9 | 45.4 | 102.7 | 84.0 |
Gain on intellectual property matter | (1.1) | (1.2) | (2.3) | (2.3) |
Total operating expenses | 718.0 | 584.0 | 1,399.0 | 1,134.0 |
OPERATING INCOME | 279.0 | 195.3 | 552.5 | 346.3 |
INTEREST INCOME | 31.6 | 2.4 | 52.2 | 3.7 |
INTEREST EXPENSE | (5.2) | (4.5) | (10.2) | (9.0) |
OTHER EXPENSE—NET | (6.2) | (9.3) | (4.2) | (18.4) |
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT | 299.2 | 183.9 | 590.3 | 322.6 |
PROVISION FOR (BENEFIT FROM) INCOME TAXES | 27.6 | 2.4 | 48.9 | (5.7) |
LOSS FROM EQUITY METHOD INVESTMENT | (5.3) | (8.1) | (27.4) | (16.6) |
NET INCOME INCLUDING NON-CONTROLLING INTERESTS | 266.3 | 173.4 | 514.0 | 311.7 |
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX | 0.0 | (0.1) | 0.0 | (0.2) |
NET INCOME ATTRIBUTABLE TO FORTINET, INC. | $ 266.3 | $ 173.5 | $ 514.0 | $ 311.9 |
Net income per share attributable to Fortinet, Inc. (Note 9): | ||||
Basic (in dollars per share) | $ 0.34 | $ 0.22 | $ 0.66 | $ 0.39 |
Diluted (in dollars per share) | $ 0.33 | $ 0.21 | $ 0.65 | $ 0.38 |
Weighted-average shares used to compute net income per share attributable to Fortinet, Inc.: | ||||
Basic (in shares) | 785.0 | 795.4 | 784.1 | 799.4 |
Diluted (in shares) | 795.9 | 810.1 | 794.7 | 815.4 |
Product | ||||
REVENUE: | ||||
Total revenue | $ 472.6 | $ 400.7 | $ 973.3 | $ 771.7 |
COST OF REVENUE: | ||||
Total cost of revenue | 174.5 | 155.2 | 368.1 | 316.2 |
GROSS PROFIT: | ||||
Total gross profit | 298.1 | 245.5 | 605.2 | 455.5 |
Service | ||||
REVENUE: | ||||
Total revenue | 820.2 | 629.4 | 1,581.8 | 1,213.2 |
COST OF REVENUE: | ||||
Total cost of revenue | 121.3 | 95.6 | 235.5 | 188.4 |
GROSS PROFIT: | ||||
Total gross profit | $ 698.9 | $ 533.8 | $ 1,346.3 | $ 1,024.8 |
Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 2,376.3 | $ 1,682.9 |
Short-term investments | 915.1 | 502.6 |
Marketable equity securities | 22.1 | 25.5 |
Accounts receivable—net | 1,078.8 | 1,261.7 |
Inventory | 376.3 | 264.6 |
Prepaid expenses and other current assets | 109.5 | 73.1 |
Total current assets | 4,878.1 | 3,810.4 |
LONG-TERM INVESTMENTS | 4.2 | 45.5 |
PROPERTY AND EQUIPMENT—NET | 981.9 | 898.5 |
DEFERRED CONTRACT COSTS | 558.8 | 518.2 |
DEFERRED TAX ASSETS | 729.2 | 569.4 |
GOODWILL | 126.0 | 128.0 |
OTHER INTANGIBLE ASSETS—NET | 44.6 | 56.0 |
OTHER ASSETS | 163.3 | 202.0 |
TOTAL ASSETS | 7,486.1 | 6,228.0 |
CURRENT LIABILITIES: | ||
Accounts payable | 238.3 | 243.4 |
Accrued liabilities | 266.8 | 248.7 |
Accrued payroll and compensation | 224.8 | 219.4 |
Income taxes payable | 183.0 | 17.6 |
Deferred revenue | 2,587.7 | 2,349.3 |
Total current liabilities | 3,500.6 | 3,078.4 |
DEFERRED REVENUE | 2,540.9 | 2,291.0 |
INCOME TAX LIABILITIES | 59.1 | 67.8 |
LONG-TERM DEBT | 991.3 | 990.4 |
OTHER LIABILITIES | 73.0 | 82.0 |
Total liabilities | 7,164.9 | 6,509.6 |
COMMITMENTS AND CONTINGENCIES (Note 11) | ||
STOCKHOLDERS’ EQUITY (DEFICIT): | ||
Common stock, $0.001 par value—1,500.0 shares authorized; 785.6 and 781.5 shares issued and outstanding on June 30, 2023 and December 31, 2022, respectively | 0.8 | 0.8 |
Additional paid-in capital | 1,375.9 | 1,284.2 |
Accumulated other comprehensive loss | (23.1) | (20.2) |
Accumulated deficit | (1,032.4) | (1,546.4) |
Total stockholders’ equity (deficit) | 321.2 | (281.6) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ 7,486.1 | $ 6,228.0 |