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Fortinet stock price, quote, forecast and news

FTNT
US34959E1091
A0YEFE

Price

75.80
Today +/-
-0.96
Today %
-1.40 %
P

Fortinet stock price

%
Weekly
Details

Price

ⓘ

Overview

The Quote Chart provides detailed and dynamic insights into the Fortinet stock's performance, showcasing daily, weekly, or monthly aggregated quotes. Users can switch between different time frames to analyze the stock's progression meticulously and make informed investment decisions.

Intraday Feature

The intraday feature provides real-time data, allowing investors to view the Fortinet stock’s price fluctuations within the trading day, facilitating timely and strategic investment decisions.

Total Return and Relative Price Change

View the total return of the Fortinet stock to gauge its profitability over time. The relative price change, based on the first quote available in the selected timeframe, offers insights into the stock’s performance, assisting in evaluating its investment potential.

Interpretation and Investment

Utilize the comprehensive data presented in the Quote Chart to analyze Fortinet's market trends, price movements, and potential returns. Make informed investment choices by comparing different time frames and evaluating intraday data for optimized portfolio management.

Fortinet Stock Price History

DateFortinet Price
9/5/202475.80 undefined
9/4/202476.87 undefined
9/3/202477.13 undefined
8/30/202476.71 undefined
8/29/202476.27 undefined
8/28/202475.61 undefined
8/27/202475.97 undefined
8/26/202475.18 undefined
8/23/202474.73 undefined
8/22/202474.49 undefined
8/21/202475.42 undefined
8/20/202475.57 undefined
8/19/202474.77 undefined
8/16/202474.72 undefined
8/15/202473.40 undefined
8/14/202472.79 undefined
8/13/202471.50 undefined
8/12/202470.36 undefined
8/9/202469.69 undefined
8/8/202468.68 undefined

Fortinet Revenue, EBIT, Net Income

  • 3 years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details

Revenue, EBIT and Profit

ⓘ

Understanding Revenue, EBIT, and Income

Gain insights into Fortinet, a comprehensive overview of its financial performance can be obtained by analyzing the Revenue, EBIT, and Income chart. Revenue represents the total income generated by Fortinet from its primary operations, showcasing the company’s ability to attract and retain clients. EBIT, or Earnings Before Interest and Taxes, indicates the company’s operational profitability, free from the influence of tax and interest expenses. The Income section reflects Fortinet’s net earnings, an ultimate measure of its financial health and profitability.

Yearly Analysis and Comparisons

Observe the yearly bars to understand the annual performance and growth of Fortinet. Compare the Revenue, EBIT, and Income to evaluate the company’s efficiency and profitability. A higher EBIT compared to the previous year suggests an improvement in operational efficiency. Likewise, an increase in Income indicates enhanced overall profitability. Analyzing the year-to-year comparison assists investors in understanding the company’s growth trajectory and operational efficiency.

Utilizing Expectations for Investment

The expected values for the forthcoming years offer investors a glimpse into Fortinet’s anticipated financial performance. Analyzing these projections alongside historical data aids in making informed investment decisions. Investors can gauge the potential risks and returns, aligning their investment strategies accordingly to optimize profitability and mitigate risks.

Investment Insights

Leveraging the comparison between Revenue and EBIT helps in assessing Fortinet’s operational efficiency, while the Revenue and Income comparison reveals the net profitability after accounting for all expenses. Investors can derive valuable insights by meticulously analyzing these financial parameters, laying the foundation for strategic investment decisions aimed at capitalizing on Fortinet’s growth potential.

Fortinet Revenue, EBIT and net profit per share

DateFortinet RevenueFortinet EBITFortinet Net Income
2029e11.6 B undefined0 undefined3.93 B undefined
2028e10.76 B undefined3.55 B undefined2.71 B undefined
2027e9.64 B undefined2.81 B undefined2.2 B undefined
2026e7.53 B undefined2.13 B undefined2.01 B undefined
2025e6.71 B undefined1.83 B undefined1.76 B undefined
2024e5.97 B undefined1.62 B undefined1.59 B undefined
20235.3 B undefined1.24 B undefined1.15 B undefined
20224.42 B undefined965 M undefined857.3 M undefined
20213.34 B undefined645.8 M undefined606.8 M undefined
20202.59 B undefined491.6 M undefined488.5 M undefined
20192.16 B undefined351 M undefined331.7 M undefined
20181.8 B undefined231 M undefined332.2 M undefined
20171.49 B undefined110.14 M undefined31.4 M undefined
20161.28 B undefined46.94 M undefined32.19 M undefined
20151.01 B undefined22.48 M undefined7.99 M undefined
2014770.36 M undefined59.32 M undefined25.34 M undefined
2013615.3 M undefined72.09 M undefined44.27 M undefined
2012533.64 M undefined98.56 M undefined66.84 M undefined
2011433.58 M undefined86.99 M undefined62.49 M undefined
2010324.7 M undefined55.34 M undefined41.25 M undefined
2009252.12 M undefined25.33 M undefined50.91 M undefined
2008211.79 M undefined4.93 M undefined453,000 undefined
2007155.37 M undefined-21.58 M undefined-21.84 M undefined
2006123.47 M undefined-6 M undefined-5.34 M undefined
200579.82 M undefined-19.37 M undefined-14.16 M undefined
200438.73 M undefined-38.85 M undefined-59.99 M undefined

Fortinet Income Statement, Balance Sheet, Cash Flow Statement

  • Simple

  • Expanded

  • Income Statement

  • Balance Sheet

  • Cashflow

 
REVENUE (B)REVENUE GROWTH (%)GROSS MARGIN (%)GROSS INCOME (B)EBIT (B)EBIT MARGIN (%)NET INCOME (B)NET INCOME GROWTH (%)SHARES (M)DOCUMENTS
200420052006200720082009201020112012201320142015201620172018201920202021202220232024e2025e2026e2027e2028e2029e
0.040.080.120.160.210.250.320.430.530.620.771.011.281.491.82.162.593.344.425.35.976.717.539.6410.7611.6
-107.8955.7026.0236.1319.4328.5733.6423.0915.3825.2031.0426.3617.1820.5520.1019.9328.8432.1720.0812.6112.3412.2128.0611.647.76
47.3765.8266.6763.2369.1972.2273.7773.6772.4270.5770.0071.5673.4974.2374.9676.6178.0376.5775.4476.68------
0.020.050.080.10.150.180.240.320.390.430.540.720.941.111.351.662.022.563.334.07000000
-0.04-0.02-0.01-0.0200.030.060.090.10.070.060.020.050.110.230.350.490.650.971.241.621.832.132.813.550
-100.00-24.05-4.07-13.551.909.9216.9819.8618.3911.717.662.183.617.3612.8316.2318.9319.3021.8523.3027.0727.3028.2429.1832.95-
-0.06-0.01-0.01-0.0200.050.040.060.070.040.030.010.030.030.330.330.490.610.861.151.591.762.012.22.713.93
--76.27-64.29320.00---18.0051.226.45-33.33-43.18-72.00357.14-3.13970.97-0.3047.4324.1841.4233.8438.4510.5214.369.6723.3144.88
165.94180.29188.61192.76266.42652.19782.03818.91831.65840.92846.45880.71881.69890.4871875838.5835.5805.3788.2000000
--------------------------
Details

Keystats

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Revenue and Growth

The Fortinet Revenue and Revenue Growth are pivotal to understanding the company's financial health and operational efficiency. A consistent increase in revenue indicates a company’s ability to effectively market and sell its products or services, while the revenue growth percentage offers insights into the pace at which the company is expanding over the years.

Gross Margin

The Gross Margin is a crucial metric that showcases the percentage of revenue exceeding the cost of goods sold (COGS). A higher gross margin is indicative of a company’s efficiency in controlling its production costs, thereby promising potential profitability and financial stability.

EBIT and EBIT Margin

EBIT (Earnings Before Interest and Taxes) and EBIT Margin offer deep insights into a company’s profitability, excluding the impacts of interest and taxes. Investors often assess these metrics to gauge the operational efficiency and inherent profitability of a business, separate from its financial structure and tax environment.

Income and Growth

Net Income and its subsequent growth are quintessential for investors looking to understand a company’s profitability. Consistent income growth underscores a company’s ability to enhance its profitability over time, reflecting operational efficiency, strategic competitiveness, and financial health.

Shares Outstanding

Shares outstanding refer to the total number of shares a company has issued. It's instrumental in calculating key metrics like Earnings Per Share (EPS) which is pivotal for investors to evaluate a company’s profitability on a per-share basis, offering a more granular view of financial health and valuation.

Interpreting Year to Year Comparison

Comparing yearly data allows investors to identify trends, assess the company’s growth, and anticipate potential future performance. Analyzing how metrics like revenue, income, and margins change year over year can provide valuable insights into the company’s operational efficiency, competitiveness, and overall financial health.

Expectations and Predictions

Investors often juxtapose the current and past financial data with the market’s expectations. This comparison aids in assessing whether the Fortinet is performing as anticipated, underperforming or outperforming the market predictions, providing pivotal data for investment decisions.

 
ASSETSCASH BALANCE (B)RECEIVABLES (B)OTHER REC. (M)INVENTORIES (M)OTHER CURRENT LIAB. (M)CURRENT ASSETS (B)TANGIBLE ASSETS (B)LONG-T. INVEST. (M)LONG-T. REC. (M)INTANGIBLE ASSETS (M)GOODWILL (M)OTHER NON-CURRENT ASSETS (B)NON-CURRENT ASSETS (B)TOTAL ASSETS (B)LIABILITIESCOMMON STOCK (M)ADDITIONAL PAID-IN CAPITAL (B)RETAINED EARNINGS (M)OTHER EQUITY (M)UNREAL. GAINS/LOSSES (M)EQUITY (B)LIABILITIES (M)PROVISIONS (M)OTHER SHORT-TERM LIAB. (B)SHORT-TERM DEBTS (M)LONG-TERM DEBT PORTION (M)SHORT-TERM REC. (B)LONG-T. LIAB. (M)DEFERRED TAXES (M)OTHER LIAB. (B)LONG-T. LIABILITIES (B)DEBT (B)TOTAL CAPITAL (B)
20072008200920102011201220132014201520162017201820192020202120222023
                                 
0.090.120.260.310.390.410.490.720.891.091.251.652.071.842.552.212.44
0.030.050.050.070.10.110.130.180.260.310.350.440.540.720.811.261.4
00000000000000000
14.0211.4210.6513.5216.2521.0648.6769.4883.87106.8977.2990117.9139.8175.8264.6484.8
2.946.8116.720.821.5326.8865.0331.1435.7633.3140.0736.841.243.365.473.1101.1
0.130.190.340.420.520.570.741.011.271.541.722.222.772.743.63.814.43
000.010.010.010.030.040.060.090.140.250.270.390.50.750.991.04
00073.95148.41325.89351.68271.72272.96224.9898.0267144.3118.3440.845.50
00000000000000000
00001.382.126.842.8317.6424.8316.2622.131.131.663.656161.8
0000002.872.824.6914.5514.5538.267.293125.11280
0.010.010.040.040.050.050.030.080.130.20.170.460.480.560.941.191.62
0.010.010.040.130.210.410.430.420.520.60.540.861.111.32.322.422.83
0.150.20.390.550.730.981.171.421.792.142.263.083.884.045.926.237.26
                                 
94.3994.390.070.150.160.160.160.170.170.170.170.20.20.20.20.80.8
0.010.020.20.250.320.40.460.560.690.80.911.071.181.211.251.281.42
-127.51-120.15-59.97-18.7343.77110.6121.86113.6568.4837.62-319.58-57.5160.8-352.1-467.9-1,546.4-1,861.7
0.78-0.31.082.180.43.09-0.080.190.50.41-0.85-0.80.20.7-4.8-20.2-18.9
0000001.17-0.54-1.44-1.18000.90000
-0.02-0.010.150.240.360.510.590.680.760.840.591.011.340.860.78-0.28-0.46
8.46710.9912.7619.7720.8235.649.9561.556.7370.0186.496.4141.6148.4243.4204.3
22.7424.9729.0435.9740.1751.2262.3874.8994.14113.78141.96175.9203.6295.1392.3485.7602.4
0.090.120.140.170.210.250.320.370.520.660.820.991.161.391.782.352.91
00000000000000000
00000000000000000
0.120.150.180.220.270.320.410.50.680.831.031.261.461.832.323.083.72
00000000000000988.4990.4992.3
00000000000000000
0.040.050.060.090.110.150.170.250.360.470.640.811.081.361.812.443.01
0.040.050.060.090.110.150.170.250.360.470.640.811.081.362.83.434
0.160.20.240.310.380.460.580.751.041.31.672.072.543.195.126.517.72
0.150.20.390.550.740.981.171.421.792.142.263.083.884.045.96.237.26
Details

Balance Sheet

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Understanding the Balance Sheet

The balance sheet of Fortinet provides a detailed financial snapshot, revealing the company's assets, liabilities, and equity at a specific point in time. Analyzing these components is crucial for investors looking to understand Fortinet's financial health and stability.

Assets

Fortinet's assets represent everything the company owns or controls that has monetary value. These are categorized into current and non-current assets, offering insights into the company's liquidity and long-term investments.

Liabilities

Liabilities are obligations that Fortinet must settle in the future. Analyzing the ratio of liabilities to assets provides insights into the company's financial leverage and risk exposure.

Equity

Equity refers to the residual interest in the assets of Fortinet after deducting liabilities. It represents the owners’ claim on the company’s assets and earnings.

Year-to-Year Analysis

Comparing balance sheet figures year-to-year allows investors to identify trends, growth patterns, and potential financial risks, facilitating informed investment decisions.

Interpreting the Data

Detailed analysis of assets, liabilities, and equity can provide investors with comprehensive insights into Fortinet's financial standing, aiding in investment evaluations and risk assessments.

 
NET INCOME (B)DEPRECIATION (M)DEFERRED TAXES (M)CHANGES IN WORKING CAPITAL (M)NON-CASH ITEM (M)PAID INTEREST (M)PAID TAXES (M)NET CASH FLOW FROM OPERATING ACTIVITIES (B)CAPITAL EXPENDITURES (M)CASH FLOW FROM INVESTING ACTIVITIES (M)CASH FLOW FROM OTHER INVESTING ACTIVITIES (B)INTEREST INCOME AND EXPENSES (M)NET DEBT CHANGE (M)NET CHANGE IN EQUITY (M)CASH FLOW FROM FINANCING ACTIVITIES (M)CASH FLOW FROM OTHER FINANCING ACTIVITIES (M)TOTAL DIVIDENDS PAID (M)NET CHANGE IN CASH FLOW (M)FREE CASH FLOW (M)SHARE-BASED COMPENSATION (M)
200620072008200920102011201220132014201520162017201820192020202120222023
-0.01-0.020.010.060.040.060.070.040.030.010.030.030.330.330.490.610.861.15
34455611152231485555616884104113
000-9-4-7-9-189-29-2735-12717-10-94-226-301
33620264959825268166162328126120200496459428
21810-1320306397130201252280415455528614754797
000000000000000000
0134201725401826324158391272600
00.030.040.060.10.130.180.150.20.280.350.590.640.811.081.51.731.94
-1-2-2-4-3-3-22-13-32-37-67-135-53-92-125-295-281-204
21-2-5313-283-166-182-146-290-74-76-134-502-72-1,325763-649
0.020-0.050.02-0.28-0.16-0.16-0.1300.04-0.010.06-0.08-0.410.05-1.031.05-0.45
000000000000000000
00000000000000098900
00276291938-7117-65-370-125-95-1,058-715-1,965-1,456
00278343950-60-21-105-415-202-195-1,17182-2,130-1,570
0001419121-10-28-39-45-77-100-113-190-165-113
000000000000000000
2525-14155-145550-7167260165102301110-160257363-285
2.2225.6434.8957.3899.61129.22161.78133.51164.39245.19278.53459.09585.9715.8957.81,203.81,449.41,731.4
000000000000000000

Fortinet stock margins

The Fortinet margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Fortinet. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Fortinet.

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  • Max

Gross margin
EBIT margin
Profit margin
Details

Margin

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Understanding Gross Margin

The gross margin, expressed as a percentage, delineates the gross profit made from the Fortinet's sales revenue. A higher gross margin percentage indicates that the Fortinet retains more revenue after accounting for the costs of goods sold. Investors use this metric to gauge financial health and operational efficiency, as well as to compare it with competitors and industry averages.

EBIT Margin Analysis

EBIT margin represents the Fortinet's earnings before interest and taxes. Analyzing the EBIT margin over different years provides insights into the operational profitability and efficiency, excluding the effects of financial leverage and tax structure. A growing EBIT margin over the years signifies improving operational performance.

Revenue Margin Insights

The revenue margin demonstrates the Fortinet's total revenue generated. When comparing the revenue margin year over year, investors can gauge the Fortinet's growth and market expansion. It is essential to compare the revenue margin with the gross and EBIT margins to understand the cost and profit structures better.

Interpreting Expectations

The expected values for gross, EBIT, and revenue margins provide future financial outlook of the Fortinet. Investors should compare these expectations with historical data to understand potential growth and risk factors. It is crucial to consider the underlying assumptions and methodologies used in projecting these expected values to make informed investment decisions.

Comparative Analysis

Comparing the gross, EBIT, and revenue margins, both yearly and over multiple years, enables investors to perform a comprehensive analysis of the Fortinet's financial health and growth prospects. Evaluating the trends and patterns in these margins helps in identifying strengths, weaknesses, and potential investment opportunities.

Fortinet Margin History

Fortinet Gross marginFortinet Profit marginFortinet EBIT marginFortinet Profit margin
2029e76.68 %0 %33.9 %
2028e76.68 %32.95 %25.21 %
2027e76.68 %29.18 %22.83 %
2026e76.68 %28.24 %26.67 %
2025e76.68 %27.3 %26.16 %
2024e76.68 %27.07 %26.6 %
202376.68 %23.31 %21.64 %
202275.44 %21.85 %19.41 %
202176.57 %19.32 %18.16 %
202078.03 %18.95 %18.83 %
201976.61 %16.23 %15.34 %
201874.99 %12.82 %18.44 %
201774.23 %7.37 %2.1 %
201673.51 %3.68 %2.52 %
201571.59 %2.23 %0.79 %
201470.01 %7.7 %3.29 %
201370.64 %11.72 %7.2 %
201272.37 %18.47 %12.52 %
201173.8 %20.06 %14.41 %
201073.76 %17.04 %12.7 %
200972.24 %10.05 %20.19 %
200869.09 %2.33 %0.21 %
200763.54 %-13.89 %-14.06 %
200666.82 %-4.86 %-4.33 %
200565.49 %-24.27 %-17.74 %
200448.96 %-100.3 %-154.88 %

Fortinet Stock Sales Revenue, EBIT, Earnings per Share

The Fortinet earnings per share therefore indicates how much revenue Fortinet has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details

Revenue, EBIT and Earnings per share

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Revenue Per Share

Revenue per share represents the total revenue Fortinet earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Fortinet's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Fortinet’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Fortinet's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Fortinet Revenue, EBIT and net profit per share

DateFortinet Sales per ShareFortinet EBIT per shareFortinet Earnings per Share
2029e15.16 undefined0 undefined5.14 undefined
2028e14.07 undefined0 undefined3.55 undefined
2027e12.61 undefined0 undefined2.88 undefined
2026e9.84 undefined0 undefined2.62 undefined
2025e8.77 undefined0 undefined2.29 undefined
2024e7.81 undefined0 undefined2.08 undefined
20236.73 undefined1.57 undefined1.46 undefined
20225.49 undefined1.2 undefined1.06 undefined
20214 undefined0.77 undefined0.73 undefined
20203.09 undefined0.59 undefined0.58 undefined
20192.47 undefined0.4 undefined0.38 undefined
20182.07 undefined0.27 undefined0.38 undefined
20171.68 undefined0.12 undefined0.04 undefined
20161.45 undefined0.05 undefined0.04 undefined
20151.15 undefined0.03 undefined0.01 undefined
20140.91 undefined0.07 undefined0.03 undefined
20130.73 undefined0.09 undefined0.05 undefined
20120.64 undefined0.12 undefined0.08 undefined
20110.53 undefined0.11 undefined0.08 undefined
20100.42 undefined0.07 undefined0.05 undefined
20090.39 undefined0.04 undefined0.08 undefined
20080.79 undefined0.02 undefined0 undefined
20070.81 undefined-0.11 undefined-0.11 undefined
20060.65 undefined-0.03 undefined-0.03 undefined
20050.44 undefined-0.11 undefined-0.08 undefined
20040.23 undefined-0.23 undefined-0.36 undefined

Fortinet business model

Fortinet Inc. is an American IT security company specializing in the development, production, and marketing of advanced security solutions for businesses, service providers, and government agencies. Established in 2000 by Ken Xie, the former founder and CEO of Netscreen Technologies, the company is headquartered in Sunnyvale, California. Fortinet's business model focuses on the development of cybersecurity solutions. They offer advanced and comprehensive security solutions based on the latest technologies and strategies, capable of defending against various security threats such as viruses, malware, phishing, DDoS attacks, ransomware, etc. Fortinet follows a multi-level strategy to expand its business, relying on partnerships, mergers, and acquisitions in the cybersecurity industry. Fortinet began as a small startup company in California in 2000. In 2001, they introduced their first product, the FortiGate, which served as a Unified Threat Management (UTM) device, incorporating multiple security features such as firewall, VPN, Intrusion Prevention System (IPS), antivirus, and anti-spam. In 2003, the company launched the FortiManager and FortiAnalyzer product lines to enable centralized administration and comprehensive reporting of security events. Over the years, Fortinet has expanded its portfolio and now offers a wide range of products and solutions based on the latest technologies and strategies. In 2019, the company's revenue amounted to $2.16 billion. Fortinet offers a variety of products and solutions specializing in different areas of cybersecurity, including network and endpoint security, cloud security, application security, IoT and OT security and management, as well as consulting and professional services. The product range includes: - FortiGate: A network security device that includes firewall, VPN, IPS, application control, anti-malware, anti-spam, and web filtering. - FortiWeb: A web-based firewall that enhances the security of critical web applications. - FortiMail: An email security solution that blocks spam and malware, filters content, and provides encryption. - FortiDDoS: A solution for defending against Distributed Denial-of-Service (DDoS) attacks. - FortiClient: An endpoint security solution that ensures the security of devices. - FortiOS: An operating system and framework that controls most of Fortinet's products. - FortiManager: A centralized management system that enables configuration and administration of Fortinet security products. - FortiAnalyzer: A central reporting and analysis system that provides a comprehensive and detailed overview of security events. In conclusion, Fortinet has become a global leader in the cybersecurity industry in recent years. The company delivers advanced and comprehensive security solutions and relies on cooperation and acquisitions to consolidate its position in the industry. With a strong product portfolio and a high commitment to research and development, Fortinet will continue to play a significant role in the cybersecurity industry in the future. Fortinet is one of the most popular companies on Eulerpool.com.

Fortinet SWOT Analysis

Strengths

Fortinet Inc is a leading provider of cybersecurity solutions, offering a comprehensive range of products and services.

The company has a strong brand reputation and has been recognized as a market leader in the cybersecurity industry.

Fortinet's products are known for their reliability, scalability, and advanced threat protection capabilities.

Weaknesses

Fortinet's heavy reliance on a few key distributors for sales and distribution could pose a risk to the company's revenue and market share.

The company may face challenges in keeping up with rapidly evolving technology and cybersecurity threats.

Fortinet's product portfolio may be perceived as complex by some potential customers, requiring significant technical expertise for deployment and management.

Opportunities

The growing global cybersecurity market presents significant opportunities for Fortinet to expand its customer base and increase sales.

Increasing awareness about the need for robust cybersecurity measures across industries provides Fortinet with the chance to capitalize on demand.

As cloud computing and digital transformation continue to accelerate, there is an increasing need for advanced security solutions, opening doors for Fortinet.

Threats

Intense competition from both established players and emerging startups in the cybersecurity market poses a threat to Fortinet's market position.

Rapidly evolving cybersecurity threats and techniques may require continuous investments in research and development to stay ahead.

Economic downturns or budget constraints faced by potential customers could affect their willingness to invest in cybersecurity solutions.

Fortinet Eulerpool Fair Value

Details

Fair Value

ⓘ

Understanding Fair Value

The fair value of a stock provides insights into whether the stock is currently undervalued or overvalued. It is calculated based on profit, revenue, or dividends and offers a comprehensive perspective of the stock’s intrinsic value.

Income-Based Fair Value

This is calculated by multiplying the earnings per share by the average P/E ratio of the selected past years for smoothing. If the fair value is higher than the current market price, it suggests that the stock is undervalued.

Example 2022

Fair Value Profit 2022 = Earnings per Share 2022 / Average P/E Ratio 2019 - 2021 (3 Years Smoothing)

Revenue-Based Fair Value

It is derived by multiplying the revenue per share by the average price-to-sales ratio of the selected past years for smoothing. An undervalued stock is identified if the fair value exceeds the ongoing market price.

Example 2022

Fair Value Revenue 2022 = Revenue per Share 2022 / Average PSR 2019 - 2021 (3 Years Smoothing)

Dividend-Based Fair Value

This value is determined by dividing the dividend per share by the average dividend yield of the selected past years for smoothing. A higher fair value than the market price indicates an undervalued stock.

Example 2022

Fair Value Dividend 2022 = Dividend per Share 2022 * Average Dividend Yield 2019 - 2021 (3 Years Smoothing)

Expectations and Forecasts

Future expectations provide potential trajectories for stock prices and aid investors in decision-making. The expected values are forecasted figures of fair value, taking into account the growth or decline trends of profit, revenue, or dividend.

Comparative Analysis

Comparing the fair value based on profit, revenue, and dividend provides a holistic overview of the stock’s financial health. Observing the annual and per-annual variations contributes to understanding the consistency and reliability of stock performance.

Fortinet historical P/E ratio, EBIT, and P/S ratio.

Fortinet shares outstanding

The number of shares was Fortinet in 2023 — This indicates how many shares 788.2 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 years

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Number of stocks
Details

Revenue, EBIT and Earnings per share

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Revenue Per Share

Revenue per share represents the total revenue Fortinet earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Fortinet's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Fortinet’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Fortinet's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Fortinet Stock splits

In Fortinet's history, there have been no stock splits.
Unfortunately, there are currently no price targets and forecasts available for Fortinet.

Fortinet latest earnings and earnings surprises

DateEPS EstimateEPS ActualQuarterly report
6/30/20240.42 0.57  (36.59 %)2024 Q2
3/31/20240.39 0.43  (9.53 %)2024 Q1
12/31/20230.44 0.51  (15.62 %)2023 Q4
9/30/20230.37 0.41  (10.51 %)2023 Q3
6/30/20230.35 0.38  (8.82 %)2023 Q2
3/31/20230.29 0.34  (16.28 %)2023 Q1
12/31/20220.4 0.44  (10.19 %)2022 Q4
9/30/20220.28 0.33  (18.41 %)2022 Q3
6/30/20220.22 0.24  (8.25 %)2022 Q2
3/31/20220.16 0.19  (15.98 %)2022 Q1
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Eulerpool ESG Scorecard© for the Fortinet stock

Eulerpool World ESG Rating (EESG©)

83/ 100

🌱 Environment

99

👫 Social

99

🏛️ Governance

50

Environment

Scope 1 - Direct Emissions
1,205.6
Scope 2 - Indirect emissions from purchased energy
4,751
Scope 3 - Indirect emissions within the value chain
3,812,368
Total CO₂ emissions
5,956.6
CO₂ reduction strategy
✅
Coal energy
❌
Nuclear power
❌
Animal experiments
❌
Fur & Leather
—
Pesticides
—
Palm Oil
—
Tobacco
❌
Genetically modified organisms
❌
Climate concept
—
Sustainable forestry
—
Recycling regulations
✅
Environmentally friendly packaging
✅
Hazardous substances
❌
Fuel consumption and efficiency
❌
Water consumption and efficiency
✅

Social

Percentage of female employees21
Percentage of women in management—
Percentage of Asian employees35.2
Share of Asian management—
Percentage of Hispanic/Latino employees9.5
Hispano/Latino Management share—
Percentage of Black employees2.9
Black Management Share—
Percentage of white employees49.9
White Management Share—
Adult content❌
Alcohol❌
Weapons—
Firearms
❌
Gambling❌
Military contracts❌
Human rights concept✅
Privacy concept—
Occupational health and safety✅
Catholic✅

Governance (Corporate Governance)

Environmental reporting✅
Stakeholder Engagement✅
Call Back Policies❌
Antitrust law❌

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Fortinet list of shareholders

%
Name
Stocks
Change
Date
8.76 % The Vanguard Group, Inc.66,987,953-573,94912/31/2023
8.32 % Xie (Kenneth Qing)63,678,31035,3374/17/2024
7.80 % Xie (Michael)59,671,174-9,500,0003/5/2024
4.75 % BlackRock Institutional Trust Company, N.A.36,310,2003,811,40012/31/2023
3.48 % State Street Global Advisors (US)26,601,8771,041,13512/31/2023
3.39 % AllianceBernstein L.P.25,913,304-3,221,58712/31/2023
1.87 % Invesco Capital Management (QQQ Trust)14,335,754-152,8563/31/2024
1.86 % Geode Capital Management, L.L.C.14,239,428119,43812/31/2023
1.40 % Walter Scott & Partners Ltd.10,681,640-78,50512/31/2023
1.16 % Nordea Funds Oy8,859,457-581,60212/31/2023
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Fortinet Executives and Management Board

Mr. Ken Xie60
Fortinet Chairman of the Board, Chief Executive Officer, Founder (since 2000)
Compensation 14.2 M
Mr. Michael Xie54
Fortinet President, Chief Technology Officer, Director (since 2000)
Compensation 4.98 M
Mr. Patrice Perche61
Fortinet Executive Vice President - Support, Chief Revenue Officer
Compensation 4.92 M
Mr. Keith Jensen64
Fortinet Chief Financial Officer
Compensation 4.83 M
Mr. John Whittle55
Fortinet Chief Operating Officer, Corporate Secretary
Compensation 3.27 M
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Fortinet Supply Chain

NameRelationshipTwo-week correlationOne-month correlationThree-Month CorrelationSix-Month CorrelationOne Year CorrelationTwo-Year Correlation
CyberArk Software Stock
CyberArk Software
SupplierCustomer0,920,870,890,860,790,76
Softcat plc Stock
Softcat plc
SupplierCustomer0,890,840,830,650,160,73
ON24 Stock
ON24
SupplierCustomer0,890,670,780,49-0,58-
HYPER Stock
HYPER
SupplierCustomer0,84-0,100,080,35-0,03-0,49
Rollins, Inc. Stock
Rollins, Inc.
SupplierCustomer0,810,300,490,260,04-0,29
TIS Stock
TIS
SupplierCustomer0,75-0,04-0,310,080,300,89
Orange Stock
Orange
SupplierCustomer0,750,15-0,75-0,41-0,18-
ITOCHU Techno-Solutions Stock
ITOCHU Techno-Solutions
SupplierCustomer0,730,270,290,350,21-0,59
Zoom Video Communications, Inc. Stock
Zoom Video Communications, Inc.
SupplierCustomer0,720,590,840,47-0,37-0,69
Varonis Systems Stock
Varonis Systems
SupplierCustomer0,680,750,880,830,040,30
1
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5
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Most common questions regarding Fortinet

What values and corporate philosophy does Fortinet represent?

Fortinet Inc is a renowned cybersecurity company that upholds a strong set of values and corporate philosophy. With a commitment to protect and secure organizations' digital assets, Fortinet prioritizes innovation, trust, and customer-centricity. The company believes in delivering cutting-edge solutions and staying ahead of cyber threats to ensure the highest level of security for its clients. Fortinet's philosophy revolves around providing comprehensive, integrated, and automated cybersecurity solutions to empower businesses globally. With a relentless focus on quality, reliability, and continuous improvement, Fortinet Inc is dedicated to safeguarding its customers' networks and fostering a secure digital future.

In which countries and regions is Fortinet primarily present?

Fortinet Inc is primarily present globally, with operations in various countries and regions. The company has a significant presence in North America, including the United States and Canada, where its headquarters are located. Fortinet Inc also has a strong foothold in the Asia Pacific region, with a notable presence in countries such as China, Japan, India, and Australia. Additionally, it has a growing customer base in Europe, including key markets like the United Kingdom, Germany, France, and the Netherlands. Overall, Fortinet Inc's global presence allows it to cater to customers and provide cybersecurity solutions across different continents and markets.

What significant milestones has the company Fortinet achieved?

Fortinet Inc has achieved several significant milestones since its inception. The company successfully launched its IPO in 2009, marking a major accomplishment in its financial growth. It has consistently demonstrated strong growth, with its revenue surpassing $1 billion in 2011. Fortinet has gained a strong foothold in the cybersecurity market, becoming a leading provider of network security appliances and services. It has received numerous industry accolades and awards for its innovative solutions and commitment to customer satisfaction. Over the years, Fortinet has expanded its global presence, establishing a vast customer base across various industries. With continuous advancements in its product offerings and strategic acquisitions, Fortinet Inc has positioned itself as a prominent player in the cybersecurity industry.

What is the history and background of the company Fortinet?

Fortinet Inc is a leading cybersecurity company founded in 2000 by Ken Xie. With its headquarters in Sunnyvale, California, Fortinet Inc has established itself as a global provider of network security solutions. The company offers a range of products and services, including firewalls, anti-malware, intrusion prevention systems, and secure email gateways. Fortinet Inc has a strong presence in the industry and is well-known for its innovative and effective cybersecurity solutions. Over the years, the company has earned numerous accolades for its commitment to security and has emerged as a trusted name in protecting organizations against advanced cyber threats.

Who are the main competitors of Fortinet in the market?

The main competitors of Fortinet Inc in the market include Cisco Systems, Palo Alto Networks, Check Point Software Technologies, and Juniper Networks.

In which industries is Fortinet primarily active?

Fortinet Inc is primarily active in the cybersecurity industry.

What is the business model of Fortinet?

Fortinet Inc. is a leading cybersecurity company with a robust business model. The company provides organizations with integrated and comprehensive solutions to protect their digital assets from advanced threats. Fortinet offers a range of security products and services, including network security, endpoint security, cloud security, and more. By leveraging its innovative technologies and expertise, Fortinet helps businesses safeguard their networks, applications, and data against cyber threats, ensuring uninterrupted operations and peace of mind. Through its proactive approach and dedication to delivering top-notch cybersecurity solutions, Fortinet Inc. has established itself as a trusted leader in the industry.

What is the P/E ratio of Fortinet 2024?

The Fortinet P/E ratio is 37.61.

What is the P/S ratio of Fortinet 2024?

The Fortinet P/S ratio is 10.

What is the AlleAktien quality score of Fortinet?

The AlleAktien quality score for Fortinet is 8/10.

What is the revenue of Fortinet 2024?

The expected Fortinet revenue is 5.97 B USD.

How high is the profit of Fortinet 2024?

The expected Fortinet profit is 1.59 B USD.

What is the business model of Fortinet

Fortinet Inc is a multinational company that offers cybersecurity solutions and was founded in 2000. The company provides a wide range of solutions for businesses of all sizes, including networking and security, cloud security, and endpoint protection. Fortinet's networking and security products include firewalls, WiFi, switches, and threat protection services. Their cloud security solutions allow businesses to safely operate in the cloud, while their endpoint protection offerings protect against malware and other attacks. Fortinet is based in Sunnyvale, California, and offers 24/7 customer support and cloud-based security solutions. The company is known for its innovative technologies and ability to provide tailored cybersecurity solutions worldwide.

What is the Fortinet dividend?

Fortinet pays a dividend of 0 USD distributed over payouts per year.

How often does Fortinet pay dividends?

The dividend cannot currently be calculated for Fortinet or the company does not pay out a dividend.

What is the Fortinet ISIN?

The ISIN of Fortinet is US34959E1091.

What is the Fortinet WKN?

The WKN of Fortinet is A0YEFE.

What is the Fortinet ticker?

The ticker of Fortinet is FTNT.

How much dividend does Fortinet pay?

Over the past 12 months, Fortinet paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Fortinet is expected to pay a dividend of 0 USD.

What is the dividend yield of Fortinet?

The current dividend yield of Fortinet is .

When does Fortinet pay dividends?

Fortinet pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Fortinet?

Fortinet paid dividends every year for the past 0 years.

What is the dividend of Fortinet?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Fortinet located?

Fortinet is assigned to the 'Information technology' sector.

Wann musste ich die Aktien von Fortinet kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Fortinet from 9/6/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/6/2024.

When did Fortinet pay the last dividend?

The last dividend was paid out on 9/6/2024.

What was the dividend of Fortinet in the year 2023?

In the year 2023, Fortinet distributed 0 USD as dividends.

In which currency does Fortinet pay out the dividend?

The dividends of Fortinet are distributed in USD.

All fundamentals about Fortinet

Our stock analysis for Fortinet Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Fortinet Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.