Fortinet, Inc. (FTNT)

82.24 0.42 (0.51%)

As of 2025-12-02 08:28:43 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.2025-12-02 08:28:4382.240.420.51
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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.com31,496,083,015742,900,000743,648,102Fortinet, 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.2025-11-27 14:47:55
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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
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
202225,621,924,666118,346,3750.464784,066,289623,250,843387.5566
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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
202414,138
202313,568
202212,595
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Income Statements
Fiscal Year202420232022
Revenue5,955,800,0005,304,800,0004,417,400,000
Cost Of Revenue1,157,600,0001,237,200,0001,084,900,000
Gross Profit4,798,200,0004,067,600,0003,332,500,000
Research And Development Expenses716,800,000613,800,000512,400,000
General And Administrative Expenses237,800,000211,300,000169,000,000
Operating Expenses2,994,800,0002,826,500,0002,362,900,000
Operating Income1,803,400,0001,241,100,000969,600,000
Net Income1,745,200,0001,147,800,000857,300,000
Earnings Per Share Basic2.281.471.08
Earnings Per Share Diluted2.261.461.06
Weighted Average Shares Outstanding Basic764,400,000778,600,000791,400,000
Weighted Average Shares Outstanding Diluted771,900,000788,200,000805,300,000
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Balance Sheet Statements
Fiscal Year202420232022
Cash And Cash Equivalents2,875,900,0001,397,900,0001,682,900,000
Marketable Securities Current———
Accounts Receivable1,463,400,0001,402,000,0001,261,700,000
Inventories315,500,000484,800,000264,600,000
Non Trade Receivables———
Other Assets Current———
Total Assets Current5,971,500,0004,428,300,0003,810,400,000
Marketable Securities Non Current0045,500,000
Property Plant And Equipment1,349,500,0001,044,400,000898,500,000
Other Assets Non Current133,200,000150,000,000202,000,000
Total Assets Non Current3,791,600,0002,830,600,0002,417,600,000
Total Assets9,763,100,0007,258,900,0006,228,000,000
Accounts Payable190,900,000204,300,000243,400,000
Deferred Revenue3,276,200,0002,848,700,0002,349,300,000
Short Term Debt———
Other Liabilities Current337,900,000423,700,000266,300,000
Total Liabilities Current4,060,700,0003,719,000,0003,078,400,000
Long Term Debt994,300,000992,300,000990,400,000
Other Liabilities Non Current129,600,000124,700,00082,000,000
Total Liabilities Non Current4,208,600,0004,003,300,0003,431,200,000
Total Liabilities8,269,300,0007,722,300,0006,509,600,000
Common Stock800,000800,000800,000
Retained Earnings-117,100,000-1,861,700,000-1,546,400,000
Accumulated Other Comprehensive Income-26,100,000-18,900,000-20,200,000
Total Shareholders Equity1,493,800,000-463,400,000-281,600,000
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Cash Flow Statements
Fiscal Year202420232022
Depreciation And Amortization122,800,000113,400,000104,300,000
Share Based Compensation Expense257,900,000249,000,000217,300,000
Other Non Cash Income Expense15,200,000-18,500,000-23,600,000
Change In Accounts Receivable45,400,000146,400,000456,700,000
Change In Inventories-131,200,000253,500,000109,100,000
Change In Non Trade Receivables———
Change In Other Assets11,000,000-17,700,00035,300,000
Change In Accounts Payable-10,200,000-43,100,000105,200,000
Change In Other Liabilities-106,700,000137,400,00055,200,000
Cash From Operating Activities2,258,100,0001,935,500,0001,730,600,000
Purchases Of Marketable Securities———
Sales Of Marketable Securities500,0004,000,0003,000,000
Acquisition Of Property Plant And Equipment378,900,000204,100,000281,200,000
Acquisition Of Business275,500,000030,800,000
Other Investing Activities-100,000-300,0000
Cash From Investing Activities-727,400,000-649,300,000763,900,000
Tax Withholding For Share Based Compensation100,900,000112,500,000160,400,000
Payments Of Dividends———
Issuance Of Common Stock63,100,00043,800,00026,100,000
Repurchase Of Common Stock600,0001,500,500,0001,991,200,000
Issuance Of Long Term Debt—00
Repayment Of Long Term Debt———
Other Financing Activities-11,700,000-1,200,000-4,800,000
Cash From Financing Activities-50,100,000-1,570,400,000-2,130,300,000
Change In Cash1,478,000,000-285,000,000363,800,000
Cash At End Of Period2,875,900,0001,397,900,0001,682,900,000
Income Taxes Paid578,900,000426,300,000260,200,000
Interest Paid20,000,00016,000,00016,000,000
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Key Metrics
Fiscal Year202420232022
Earnings Per Share2.281.471.08
Price To Earnings Ratio41.438639.816345.2685
Earnings Growth Rate55.10236.1111-70.9677
Price Earnings To Growth Ratio0.7521.1026-0.6379
Book Value Per Share1.9542-0.5952-0.3558
Price To Book Ratio48.3468-98.3415-137.399
Ebitda2,466,900,0001,708,500,0001,239,800,000
Enterprise Value70,338,912,00045,165,858,00037,999,046,000
Dividend Yield———
Dividend Payout Ratio———
Debt To Equity Ratio0.6656-2.1413-3.517
Capital Expenditures427,900,000259,300,000315,200,000
Free Cash Flow1,830,200,0001,676,200,0001,415,400,000
Return On Equity1.1683-2.4769-3.0444
One Year Beta0.79461.16031.5833
Three Year Beta1.36471.50411.2506
Five Year Beta1.21071.24031.2454
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Ohlgart ChristianeChief Financial Officer2025-11-04110D6,724
Xie MichaelDirector, VP, ENGINEERING & CTO2025-11-03700D10,494,864
Xie MichaelDirector, VP, ENGINEERING & CTO2025-11-031,642D10,493,222
Xie MichaelDirector, VP, ENGINEERING & CTO2025-11-031,204D10,492,018
Xie KenDirector, PRESIDENT & CEO2025-11-03150,000A51,550,364
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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
SATURNA CAPITAL CORP2025-09-301,709,68320,33484.08
NOMURA HOLDINGS INC2025-09-305,911,74970,31184.08
California Public Employees Retirement System2025-09-30135,230,8251,608,35984.08
EVENTIDE ASSET MANAGEMENT, LLC2025-09-30990,06611,69684.65
SCOTIA CAPITAL INC.2025-09-308,733,707103,87284.0814
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
Voya INVESTORS TRUST2025-09-30Class IINGIX29,7332,499,950.640.0937
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS, INC.2025-09-30R5 CLASSADGGX20,7801,747,182.40.3543
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS, INC.2025-09-30Y CLASSADCYX20,7801,747,182.40.3543
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS, INC.2025-09-30C CLASSADCCX20,7801,747,182.40.3543
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS, INC.2025-09-30R CLASSADRRX20,7801,747,182.40.3543
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