Fortinet, Inc. (FTNT)

83.15 -0.52 (-0.62%)

As of 2026-03-06 17:12:36 EST

Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California. It develops and sells security products including firewalls, endpoint security and intrusion detection systems. Fortinet has offices in the US, Canada, and UK.

Traded asNasdaq: FTNT
ISINUS34959E1091
CIK0001262039
LEI549300O0QJWDBAS0QX03
EIN770560389
SectorCloud Security
IndustryComputer Peripheral Equipment, NEC
CEOKen Xie
Employees14,138
Fiscal Year End1231
Address909 KIFER ROAD, SUNNYVALE, CA, 94086
Phone408-235-7700
Websitehttp://fortinet.com
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
FTNTFortinet, Inc.2026-03-06 17:12:3683.15-0.52-0.62
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
FTNT0001262039Fortinet, Inc.US34959E1091549300O0QJWDBAS0QX03770560389Nasdaq3577Computer Peripheral Equipment, NEC1231DE909 KIFER ROADSUNNYVALECA94086UNITED STATESUS408-235-7700909 KIFER ROAD, SUNNYVALE, CA, 94086909 KIFER ROAD, SUNNYVALE, CA, 94086FORTINET INCCloud Security2000Ken Xie14,138http://fortinet.com56,846,175,983743,000,000739,923,583Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California. It develops and sells security products including firewalls, endpoint security and intrusion detection systems. Fortinet has offices in the US, Canada, and UK.2026-03-05 15:23:04
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FTNT Stock Price (End-of-Day)
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FTNT Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
202556,846,175,98325,350,092,96880.4865739,923,583-29,050,479-3.7778
202431,496,083,015-6,976,865,856-18.1345768,974,0625,943,1140.7789
202338,472,948,87112,851,024,20550.1564763,030,948-21,035,341-2.6829
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Keith JensenChief Financial Officer2024506,000—4,785,851353,1286,9005,651,879
John WhittleChief Operating Officer2024503,000—4,785,851356,3676,9005,652,118
Ken XieChief Executive Officer2024597,000—11,939,796606,493013,143,289
Michael XieChief Technology Officer, President2024445,000—5,874,196278,24506,597,441
Patrice PercheChief Revenue Officer, Executive Vice President2023551,317—6,199,073396,289114,7067,261,385
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Employee Count
Fiscal YearEmployee Count
202515,109
202414,138
202313,568
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Income Statements
Fiscal Year202520242023
Revenue6,799,600,0005,955,800,0005,304,800,000
Cost Of Revenue1,328,900,0001,157,600,0001,237,200,000
Gross Profit5,470,700,0004,798,200,0004,067,600,000
Research And Development Expenses815,500,000716,800,000613,800,000
General And Administrative Expenses233,400,000237,800,000211,300,000
Operating Expenses3,386,000,0002,994,800,0002,826,500,000
Operating Income2,084,700,0001,803,400,0001,241,100,000
Net Income1,853,400,0001,745,200,0001,147,800,000
Earnings Per Share Basic2.452.281.47
Earnings Per Share Diluted2.422.261.46
Weighted Average Shares Outstanding Basic758,000,000764,400,000778,600,000
Weighted Average Shares Outstanding Diluted764,600,000771,900,000788,200,000
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Balance Sheet Statements
Fiscal Year202520242023
Cash And Cash Equivalents2,495,300,0002,875,900,0001,397,900,000
Marketable Securities Current———
Accounts Receivable1,691,200,0001,463,400,0001,402,000,000
Inventories399,500,000315,500,000484,800,000
Non Trade Receivables———
Other Assets Current———
Total Assets Current5,900,200,0005,971,500,0004,428,300,000
Marketable Securities Non Current339,700,00000
Property Plant And Equipment1,619,000,0001,349,500,0001,044,400,000
Other Assets Non Current125,200,000133,200,000150,000,000
Total Assets Non Current4,489,000,0003,791,600,0002,830,600,000
Total Assets10,389,200,0009,763,100,0007,258,900,000
Accounts Payable230,800,000190,900,000204,300,000
Deferred Revenue3,636,000,0003,276,200,0002,848,700,000
Short Term Debt499,700,000——
Other Liabilities Current354,600,000337,900,000423,700,000
Total Liabilities Current5,034,000,0004,060,700,0003,719,000,000
Long Term Debt496,600,000994,300,000992,300,000
Other Liabilities Non Current141,300,000129,600,000124,700,000
Total Liabilities Non Current4,117,700,0004,208,600,0004,003,300,000
Total Liabilities9,151,700,0008,269,300,0007,722,300,000
Common Stock700,000800,000800,000
Retained Earnings-507,900,000-117,100,000-1,861,700,000
Accumulated Other Comprehensive Income-25,400,000-26,100,000-18,900,000
Total Shareholders Equity1,237,500,0001,493,800,000-463,400,000
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Cash Flow Statements
Fiscal Year202520242023
Depreciation And Amortization152,000,000122,800,000113,400,000
Share Based Compensation Expense279,500,000257,900,000249,000,000
Other Non Cash Income Expense52,700,00015,200,000-18,500,000
Change In Accounts Receivable215,900,00045,400,000146,400,000
Change In Inventories90,600,000-131,200,000253,500,000
Change In Non Trade Receivables———
Change In Other Assets16,200,00011,000,000-17,700,000
Change In Accounts Payable27,900,000-10,200,000-43,100,000
Change In Other Liabilities13,300,000-106,700,000137,400,000
Cash From Operating Activities2,590,600,0002,258,100,0001,935,500,000
Purchases Of Marketable Securities———
Sales Of Marketable Securities10,600,000500,0004,000,000
Acquisition Of Property Plant And Equipment364,800,000378,900,000204,100,000
Acquisition Of Business41,600,000275,500,0000
Other Investing Activities-100,000-100,000-300,000
Cash From Investing Activities-599,100,000-727,400,000-649,300,000
Tax Withholding For Share Based Compensation126,300,000100,900,000112,500,000
Payments Of Dividends———
Issuance Of Common Stock44,700,00063,100,00043,800,000
Repurchase Of Common Stock2,289,800,000600,0001,500,500,000
Issuance Of Long Term Debt——0
Repayment Of Long Term Debt———
Other Financing Activities-100,000-11,700,000-1,200,000
Cash From Financing Activities-2,371,500,000-50,100,000-1,570,400,000
Change In Cash-380,600,0001,478,000,000-285,000,000
Cash At End Of Period2,495,300,0002,875,900,0001,397,900,000
Income Taxes Paid451,500,000578,900,000426,300,000
Interest Paid16,000,00020,000,00016,000,000
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Key Metrics
Fiscal Year202520242023
Earnings Per Share2.452.281.47
Price To Earnings Ratio32.412241.438639.8163
Earnings Growth Rate7.456155.10236.1111
Price Earnings To Growth Ratio4.34710.7521.1026
Book Value Per Share1.63261.9542-0.5952
Price To Book Ratio48.640648.3468-98.3415
Ebitda2,477,000,0002,466,900,0001,708,500,000
Enterprise Value58,693,780,00070,338,912,00045,165,858,000
Dividend Yield———
Dividend Payout Ratio———
Debt To Equity Ratio0.80510.6656-2.1413
Capital Expenditures421,500,000427,900,000259,300,000
Free Cash Flow2,169,100,0001,830,200,0001,676,200,000
Return On Equity1.49771.1683-2.4769
One Year Beta1.2170.79461.1603
Three Year Beta1.1071.36471.5041
Five Year Beta1.35221.21071.2403
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Xie KenDirector, PRESIDENT & CEO2026-02-2031,320A31,320
Xie MichaelDirector, VP, ENGINEERING & CTO2026-02-2018,792A18,792
Ohlgart ChristianeChief Financial Officer2026-02-2012,528A12,528
Whittle JohnCHIEF OPERATING OFFICER2026-02-2015,660A15,660
Ohlgart ChristianeChief Financial Officer2026-02-03507D8,247
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Senate Trading
Name Of Reporting PersonType Of Reporting PersonReport DateTransaction TypeTransaction DateOwner TypeAmount
Thomas H TubervilleSenator2024-05-15Sale (Full)2024-04-03Joint$1,001 - $15,000
Thomas H TubervilleSenator2023-11-16Purchase2023-10-17Joint$1,001 - $15,000
Thomas R CarperSenator2023-09-05Sale (Full)2023-08-04Spouse$1,001 - $15,000
Thomas H TubervilleSenator2021-07-23Sale (Full)2021-03-29Joint$1,001 - $15,000
Thomas R CarperSenator2020-12-02Purchase2020-11-20Spouse$1,001 - $15,000
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House Trading
Name Of Reporting PersonReport DateStateTransaction TypeTransaction DateOwner TypeAmount
Lisa McClain2025-11-21MI09Sale2025-10-30Spouse$1,001 - $15,000
Lisa McClain2025-11-21MI09Purchase2025-10-30Spouse$1,001 - $15,000
Lisa McClain2025-11-21MI09Sale2025-10-31Spouse$1,001 - $15,000
Byron Donalds2025-11-18FL19Purchase2025-10-09Spouse$1,001 - $15,000
Byron Donalds2025-11-18FL19Purchase2025-10-09—$1,001 - $15,000
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
HSBC HOLDINGS PLC2025-12-31124,786,9971,569,29079.5181
STATE STREET CORP2025-12-312,314,074,81929,140,84979.41
Nutshell Asset Management Ltd2025-12-3127,055,384340,70579.41
S&T Bank/PA2025-12-313,833,83548,27979.41
LEVEL FOUR ADVISORY SERVICES, LLC2025-12-31267,3733,36779.4099
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
AZZAD FUNDS2025-12-31Azzad Ethical FundADJEX19,8161,573,588.561.15
PIMCO Equity Series2025-12-31PIMCO RAFI ESG U.S. ETFRAFE1,23598,071.350.082
PIMCO Equity Series2025-12-31PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETFMFUS56745,025.470.0214
RYDEX SERIES FUNDS2025-12-31Class HRYNHX2,249178,593.090.0688
RYDEX SERIES FUNDS2025-12-31Class CRYNCX2,249178,593.090.0688
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