FTNT - Fortinet Inc Stock Price, Fair Value and News

59.03USD-0.40 (-0.67%)Delayed as of 08 May 2024, 03:00 pm ET

Market Summary

USD59.03-0.40

Delayedas of 08 May 2024, 03:00 pm

-0.67%

FTNT Alerts

2 major insider sales recently.

FTNT Stock Price

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FTNT RSI Chart

FTNT Valuation

Market Cap

45.4B

Price/Earnings (Trailing)

37.85

Price/Sales (Trailing)

8.41

EV/EBITDA

29.19

Price/Free Cashflow

26.88

FTNT Price/Sales (Trailing)

FTNT Profitability

EBT Margin

25.72%

Return on Equity

-872.29%

Return on Assets

15.65%

Free Cashflow Yield

3.72%

FTNT Fundamentals

FTNT Revenue

Revenue (TTM)

5.4B

Rev. Growth (Yr)

7.21%

Rev. Growth (Qtr)

-4.37%

FTNT Earnings

Earnings (TTM)

1.2B

Earnings Growth (Yr)

20.83%

Earnings Growth (Qtr)

-3.73%

Breaking Down FTNT Revenue

52 Week Range

56.1081.24

(Low)(High)

Last 7 days

-5.9%

Last 30 days

-16.2%

Last 90 days

-15.1%

Trailing 12 Months

-10.1%

How does FTNT drawdown profile look like?

FTNT Financial Health

Current Ratio

1.2

Debt/Equity

-7.22

Debt/Cashflow

2.1

FTNT Investor Care

Buy Backs (1Y)

2.71%

Diluted EPS (TTM)

1.54

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	5.4B	0	0	0
2023	4.7B	5.0B	5.2B	5.3B
2022	3.6B	3.8B	4.1B	4.4B
2021	2.7B	2.9B	3.1B	3.3B
2020	2.3B	2.4B	2.5B	2.6B
2019	1.9B	2.0B	2.1B	2.2B
2018	1.6B	1.6B	1.7B	1.8B
2017	1.3B	1.4B	1.4B	1.5B
2016	1.1B	1.2B	1.2B	1.3B
2015	814.3M	870.0M	936.7M	1.0B
2014	648.4M	685.1M	723.7M	770.4M
2013	552.2M	570.7M	589.1M	615.3M
2012	457.6M	483.5M	503.3M	533.6M
2011	348.2M	374.9M	406.3M	433.6M
2010	0	276.3M	300.5M	324.7M
2009	0	0	0	252.1M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Fortinet Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	xie michael	sold	-1,593,180	64.4753	-24,710	vp, engineering & cto
May 01, 2024	jensen keith	acquired	-	-	8,458	chief financial officer
May 01, 2024	xie michael	sold (taxes)	-294,334	63.53	-4,633	vp, engineering & cto
May 01, 2024	whittle john	sold (taxes)	-168,100	63.53	-2,646	chief operating officer
May 01, 2024	xie ken	acquired	-	-	23,605	president & ceo
May 01, 2024	whittle john	acquired	-	-	5,333	chief operating officer
May 01, 2024	xie michael	acquired	-	-	9,343	vp, engineering & cto
May 01, 2024	xie ken	sold (taxes)	-743,619	63.53	-11,705	president & ceo
May 01, 2024	jensen keith	sold (taxes)	-266,508	63.53	-4,195	chief financial officer
Apr 17, 2024	xie ken	sold	-1,557,360	64.8793	-24,004	president & ceo

Which funds bought or sold FTNT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	GREAT VALLEY ADVISOR GROUP, INC.	added	0.67	56,137	379,165	0.01%
May 06, 2024	Valmark Advisers, Inc.	new	-	224,877	224,877	-%
May 06, 2024	Ifrah Financial Services, Inc.	new	-	220,950	220,950	0.06%
May 06, 2024	Jefferies Financial Group Inc.	reduced	-72.05	-5,534,960	2,139,970	0.01%
May 06, 2024	Empowered Funds, LLC	added	12.42	479,201	2,015,140	0.04%
May 06, 2024	Savant Capital, LLC	added	384	1,617,170	1,964,660	0.02%
May 06, 2024	FLC Capital Advisors	unchanged	-	102,445	715,547	0.18%
May 06, 2024	SouthState Corp	new	-	100,484	100,484	0.01%
May 06, 2024	Metis Global Partners, LLC	reduced	-2.16	208,276	1,675,920	0.06%
May 06, 2024	VitalStone Financial, LLC	sold off	-100	-405,000	-	-%

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

FTNT Alerts

2 major insider sales recently.

Unveiling Fortinet Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
May 06, 2024	10-Q	Quarterly Report
May 02, 2024	144	Notice of Insider Sale Intent
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	8-K	Current Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Fortinet Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.0T	236.6B	-3.84%	32.57%	35.29	12.85	13.97%	24.86%
ADBE	220.5B	19.9B	1.47%	43.08%	45.94	11.06	10.76%	1.35%
CRWD	74.6B	3.1B	-0.92%	136.08%	835.11	24.41	36.33%	148.75%
SQ	44.1B	22.9B	-7.22%	21.77%	88.59	1.93	23.28%	240.37%
AKAM	15.4B	3.8B	-4.30%	28.13%	28.13	4.04	5.40%	4.57%
FFIV	9.9B	2.8B	-12.51%	24.66%	19.79	3.54	0.20%	52.82%
MID-CAP
ALTR	7.1B	619.6M	1.87%	27.35%	742.16	11.48	7.11%	116.83%
HCP	6.4B	583.1M	27.04%	10.44%	-33.34	10.9	22.54%	30.49%
ACIW	3.8B	1.5B	10.88%	47.29%	25.9	2.56	6.51%	54.77%
APPN	2.3B	560.0M	-16.33%	-10.37%	-21.7	4.17	14.52%	34.67%
SMALL-CAP
CSGS	1.2B	1.2B	-13.79%	-13.91%	19.38	1.07	3.70%	18.24%
ATEN	1.2B	254.7M	15.48%	12.87%	25.25	4.53	-7.51%	2.74%
BAND	597.2M	634.3M	28.96%	99.38%	-20.46	0.94	9.43%	-197.31%
DTSS	18.7M	7.0M	-11.44%	-56.06%	-2.18	2.91	-55.73%	-45.27%
BLIN	12.5M	15.6M	-8.27%	32.61%	-1.25	0.8	-6.37%	-5256.07%

Fortinet Inc News

Latest updates

Fortinet Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.4%	1,353	1,415	1,335	1,293	1,262	1,283	1,150	1,030	955	964	867	801	710	748	651	618	578	619	548	522	473
Gross Profit	-4.6%	1,049	1,099	1,017	997	955	986	867	779	701	735	656	614	554	581	512	483	449	479	424	393	360
Operating Expenses	1.9%	727	714	714	718	681	628	601	584	550	520	490	467	432	412	385	364	332	356	323	318	309
S&GA Expenses	-1.2%	501	507	504	516	478	456	427	416	388	368	347	327	304	291	267	254	260	257	227	227	216
R&D Expenses	13.4%	173	153	157	153	151	129	134	124	125	113	108	107	97.00	89.00	90.00	82.00	80.00	71.00	70.00	67.00	69.00
EBITDA Margin	2.0%	0.28*	0.28*	0.27*	0.27*	0.26*	0.24*	0.22*	0.21*	0.21*	0.22*	0.22*	0.22*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.6%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	1.00	-	-	-	-	-	-	-	-
Income Taxes	-58.5%	40.00	95.00	-0.30	28.00	21.00	9.00	27.00	2.00	-8.10	4.00	-9.30	8.00	12.00	25.00	5.00	10.00	13.00	14.00	26.00	13.00	2.00
Earnings Before Taxes	-16.9%	345	416	328	299	291	368	265	184	139	207	157	145	119	172	128	124	118	133	106	86.00	60.00
EBT Margin	2.3%	0.26*	0.25*	0.25*	0.25*	0.23*	0.22*	0.19*	0.18*	0.18*	0.19*	0.19*	0.19*	-	-	-	-	-	-	-	-	-
Net Income	-3.7%	299	311	323	266	248	314	232	174	138	199	163	138	107	147	123	114	105	119	80.00	73.00	59.00
Net Income Margin	2.7%	0.22*	0.22*	0.22*	0.21*	0.20*	0.19*	0.18*	0.18*	0.18*	0.18*	0.18*	0.18*	-	-	-	-	-	-	-	-	-
Free Cashflow	400.4%	609	122	481	438	647	440	395	284	274	298	330	395	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	5.6%	7,662	7,259	7,479	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
Current Assets	3.0%	4,560	4,428	4,753	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
Cash Equivalents	37.8%	1,926	1,398	2,187	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
Inventory	-9.3%	440	485	468	376	303	265	216	195	185	176	178	150	150	140	135	126	105	118	99.00	86.00	88.00
Net PPE	19.4%	1,247	1,044	1,038	982	917	899	890	815	787	688	557	507	494	448	419	393	374	344	306	285	272
Goodwill	2.0%	129	127	125	126	128	128	120	121	124	125	128	99.00	99.00	93.00	68.00	67.00	67.00	67.00	-	-	-
Liabilities	1.0%	7,800	7,722	7,405	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
Current Liabilities	2.2%	3,800	3,719	3,649	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
Long Term Debt	0.1%	993	992	992	991	991	990	990	989	989	988	988	988	987	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	992	992	991	991	990	990	989	989	988	988	988	987	-	-	-	-	-	-	-	-
Shareholder's Equity	70.3%	-137	-463	74.00	321	11.00	-281	-	-	233	798	1,136	1,050	981	856	713	567	557	1,342	1,218	1,139	1,058
Retained Earnings	16.1%	-1,562	-1,861	-1,299	-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
Additional Paid-In Capital	2.3%	1,449	1,416	1,397	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
Shares Outstanding	0.3%	763	761	776	786	784	782	795	799	803	816	818	816	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	12.00	13.00	16.00	17.00	18.00	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	38,473	-	-	-	25,622	-	-	-	25,504	-	-	-	14,216	-	-	-	8,794	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	333.2%	830	192	551	515	678	528	483	323	396	367	399	418	316	297	221	247	319	190	221	195	201
Share Based Compensation	-1.7%	62.00	63.00	64.00	65.00	56.00	55.00	55.00	55.00	53.00	53.00	53.00	53.00	50.00	49.00	49.00	49.00	45.00	44.00	42.00	45.00	43.00
Cashflow From Investing	-277.5%	-270	-71.60	-111	-424	-42.40	217	298	294	-45.40	-265	-307	-278	-473	-65.00	-224	212	5.00	-99.60	-27.10	-336	-39.00
Cashflow From Financing	96.7%	-30.30	-910	-628	-17.70	-13.70	-27.40	-526	-830	-746	-633	-118	-120	956	-52.00	-30.30	-168	-920	-43.80	-40.70	-53.30	-57.80
Buy Backs	-100.0%	-	896	605	-	-	-	500	800	691	557	109	92.00	-	34.00	5.00	146	890	26.00	27.00	35.00	60.00

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FTNT Income Statement

2024-03-31

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUE:
Total revenue	$ 1,353.3	$ 1,262.3
COST OF REVENUE:
Total cost of revenue	304.7	307.8
GROSS PROFIT:
Total gross profit	1,048.6	954.5
OPERATING EXPENSES:
Research and development	173.0	151.1
Sales and marketing	501.1	478.3
General and administrative	54.4	52.8
Gain on intellectual property matter	(1.1)	(1.2)
Total operating expenses	727.4	681.0
OPERATING INCOME	321.2	273.5
INTEREST INCOME	32.2	20.6
INTEREST EXPENSE	(5.1)	(5.0)
OTHER INCOME (EXPENSE)—NET	(2.9)	2.0
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENTS	345.4	291.1
PROVISION FOR INCOME TAXES	39.5	21.3
LOSS FROM EQUITY METHOD INVESTMENTS	(6.6)	(22.1)
NET INCOME	$ 299.3	$ 247.7
Net income per share attributable to Fortinet, Inc. (Note 9):
Basic (in dollars per share)	$ 0.39	$ 0.32
Diluted (in dollars per share)	$ 0.39	$ 0.31
Weighted-average shares outstanding:
Basic (in shares)	762.4	783.2
Diluted (in shares)	770.5	793.4
Product
REVENUE:
Total revenue	$ 408.9	$ 500.7
COST OF REVENUE:
Total cost of revenue	182.8	193.6
GROSS PROFIT:
Total gross profit	226.1	307.1
Service
REVENUE:
Total revenue	944.4	761.6
COST OF REVENUE:
Total cost of revenue	121.9	114.2
GROSS PROFIT:
Total gross profit	$ 822.5	$ 647.4

FTNT Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 1,926.3	$ 1,397.9
Short-term investments	1,075.4	1,021.5
Marketable equity securities	21.4	21.0
Accounts receivable—net	996.2	1,402.0
Inventory	439.5	484.8
Prepaid expenses and other current assets	100.9	101.1
Total current assets	4,559.7	4,428.3
PROPERTY AND EQUIPMENT—NET	1,247.4	1,044.4
DEFERRED CONTRACT COSTS	600.0	605.6
DEFERRED TAX ASSETS	942.5	868.8
GOODWILL	129.0	126.5
OTHER INTANGIBLE ASSETS—NET	34.1	35.3
OTHER ASSETS	149.4	150.0
TOTAL ASSETS	7,662.1	7,258.9
CURRENT LIABILITIES:
Accounts payable	135.2	204.3
Accrued liabilities	538.7	423.7
Accrued payroll and compensation	214.5	242.3
Deferred revenue	2,912.0	2,848.7
Total current liabilities	3,800.4	3,719.0
DEFERRED REVENUE	2,877.9	2,886.3
LONG-TERM DEBT	992.8	992.3
OTHER LIABILITIES	128.5	124.7
Total liabilities	7,799.6	7,722.3
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS’ DEFICIT:
Common stock, $0.001 par value—1,500.0 shares authorized; 763.2 and 761.0 shares issued and outstanding on March 31, 2024 and December 31, 2023, respectively	0.8	0.8
Additional paid-in capital	1,448.9	1,416.4
Accumulated other comprehensive loss	(24.8)	(18.9)
Accumulated deficit	(1,562.4)	(1,861.7)
Total stockholders’ deficit	(137.5)	(463.4)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 7,662.1	$ 7,258.9

About Fortinet Inc

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	Mr. Ken Xie
WEBSITE	fortinet.com
INDUSTRY	Software - Infra
EMPLOYEES	13677

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 Tue May 07 2024, market cap of Fortinet Inc is 45.4 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 Tue May 07 2024, FTNT's PE ratio (Price to Earnings) is 37.85 and Price to Sales (PS) ratio is 8.41. 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 0.307 (multiply by 100 for percentage) rate of return.