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Last $39.29 USD
Change Today +0.50 / 1.29%
Volume 1.1M
FTNT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

fortinet inc (FTNT) Snapshot

Open
$38.75
Previous Close
$38.79
Day High
$39.38
Day Low
$38.50
52 Week High
05/19/15 - $39.78
52 Week Low
05/28/14 - $21.84
Market Cap
6.7B
Average Volume 10 Days
1.5M
EPS TTM
$0.12
Shares Outstanding
169.6M
EX-Date
--
P/E TM
336.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for FORTINET INC (FTNT)

fortinet inc (FTNT) Related Businessweek News

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fortinet inc (FTNT) Details

Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various integrated security and networking functions to protect data, applications, and users from network- and content-level security threats; FortiManager product family to manage the system configuration and security functions of multiple FortiGate devices from a centralized console; and the FortiAnalyzer product family, which enables the collection, analysis, and archiving of content and log data generated by its products. It also offers FortiAP secure wireless access points; FortiWeb that provides security for Web-based applications; FortiMail for multi-featured messaging security; FortiDB for centrally managed database-specific security; FortiClient, an endpoint security product for desktops, laptops, and mobile devices; FortiScan for endpoint vulnerability assessment and remediation; and FortiSwitch Ethernet switches. In addition, the company provides FortiBridge bypass appliances to help ensure network availability; FortiAuthenticator for scalable secure authentication for enterprise networks; FortiADC for optimizing the availability and performance of mobile, cloud, and enterprise applications; FortiSandbox for detecting and mitigating advanced persistent threats; FortiCache to reduce the cost and impact of cached Internet content; FortiDNS for secure domain name system caching; FortiDDoS for protection against distributed denial of service attack; and FortiVoice for business telephone communication. Further, it offers security subscription, technical support, training, and professional services. The company was founded in 2000 and is headquartered in Sunnyvale, California.

3,076 Employees
Last Reported Date: 05/1/15
Founded in 2000

fortinet inc (FTNT) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $406.4K
Co-Founder, President, Chief Technology Offic...
Total Annual Compensation: $360.5K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $431.4K
Vice President of Corporate Development & Str...
Total Annual Compensation: $332.7K
Compensation as of Fiscal Year 2014.

fortinet inc (FTNT) Key Developments

Fortinet Signs Collaborative Research and Development Agreement with U.S. Department of Homeland Security

Fortinet announced that it has signed a Collaborative Research and Development Agreement (CRADA) with the Department of Homeland Security (DHS). With the CRADA in place, Fortinet can now share and gain access to new threat information in order to help improve threat detection and prevention for users of Fortinet security solutions. The CRADA will allow Fortinet to participate in the Cyber Information and Sharing and Collaboration Program (CISCP), which entails sharing cyber threat, incident, and vulnerability information in near real-time, drawing on data of observed threat activity submitted by CISCP participants. Fortinet intends to also soon participate in the following two Homeland Security programs: Enhanced Cybersecurity Services (ECS) Program: shares sensitive and classified government-vetted cyber threat information with participants, helping them protect systems from unauthorized access or data exfiltration. Cyber Resilience Review (CRR): provides assessments on an organization's operational resilience and cybersecurity capabilities. With the signing of the CRADA, Fortinet anticipates developing stronger ties with federal government agencies supporting information sharing to strengthen security. The Department of Homeland Security announced in late April that it will open an office in Silicon Valley, a move that will encourage closer connections with security-focused organizations such as Fortinet.

Fortinet Inc. Provides Earnings Guidance for the Second Quarter of 2015 and Revises Earnings Guidance for the Full Year 2015

Fortinet Inc. provided earnings guidance for the second quarter and full year 2015. For the quarter, the company expects billings to be in the range of $263 million to $268 million, up approximately 25% year-over-year at the midpoint. Total revenue is expected to be in the range of $224 million to $228 million, up 23% year-over-year at the midpoint. Non-GAAP gross margin is expected to be approximately 70% to 71%. Non-GAAP operating margin is expected to be approximately 9% to 10%. This reflects continued investments to drive growth as well as the ongoing absorption cost of new hires made in 2014 and during the first part of 2015. And finally, the company expects non-GAAP earnings per share to be approximately $0.08 to $0.09 based on an expected diluted share count in the range of 174 million to 176 million fully diluted shares. For the full year 2015, the company increasing billings and revenue expectations even above the first quarter over performance due to ongoing demand globally for solutions. Billings are now expected to be in the range of $1,105,000,000 to $1,120,000,000, up 24% year-over-year at the midpoint and an increase from the $1,065,000,000 to $1,080,000,000 as previously estimated. This increased guidance reflects over performance during the first quarter as well as ongoing confidence for a strong year while also taking into account the high growth rates delivered throughout 2014. The company expects total revenue to be in the range of $935 million to $940 million, up 22% year-over-year at the midpoint and an increase from prior guidance of $915 million to $925 million. Non-GAAP gross margin is still expected to be in the range of 70% to 71%. And the company maintaining non-GAAP operating margin guidance of approximately 14%. And finally, The company expects non-GAAP earnings per share to be in the range of approximately $0.51 per share to $0.52 per share based on an expected diluted share count in the range of 175 million to 177 million fully diluted shares. This is up from previous guidance of $0.49 per share to $0.50 per share.

Fortinet Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Fortinet Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s total revenue was $212.9 million for the first quarter of 2015, an increase of 26% compared to $168.9 million in the same quarter of 2014. GAAP operating income was $0.9 million for the first quarter of 2015, representing a GAAP operating margin of 0.4%. GAAP operating income was $12.8 million for the same quarter of 2014, representing a GAAP operating margin of 8%. GAAP net income was $1.6 million for the first quarter of 2015, compared to GAAP net income of $8.4 million for the same quarter of 2014. GAAP basic and diluted net income per share was $0.01 for the first quarter of 2015, compared to $0.05 for the same quarter of 2014. Non-GAAP operating income was $20.1 million for the first quarter of 2015, representing a non-GAAP operating margin of 9%. Non-GAAP operating income was $26.3 million for the same quarter of 2014, representing a non-GAAP operating margin of 16%. Non-GAAP net income was $13.5 million for the first quarter of 2015, compared to non-GAAP net income of $18.2 million for the same quarter of 2014. Non-GAAP diluted net income per share was $0.08 for the first quarter of 2015, compared to $0.11 for the same quarter of 2014. Income before income taxes was $1.643 million against $13.759 million a year ago. Net cash provided by operating activities was $64.619 million against $60.902 million a year ago. Purchases of property and equipment were $4.927 million against $11.318 million a year ago.

 

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Industry Analysis

FTNT

Industry Average

Valuation FTNT Industry Range
Price/Earnings 100.0x
Price/Sales 8.1x
Price/Book 9.2x
Price/Cash Flow 359.9x
TEV/Sales 7.2x
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