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Last $47.68 USD
Change Today +0.03 / 0.06%
Volume 980.7K
As of 5:20 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

fortinet inc (FTNT) Snapshot

Open
$47.61
Previous Close
$47.65
Day High
$47.82
Day Low
$47.36
52 Week High
07/31/15 - $48.59
52 Week Low
10/13/14 - $23.08
Market Cap
8.2B
Average Volume 10 Days
2.6M
EPS TTM
$0.09
Shares Outstanding
171.2M
EX-Date
--
P/E TM
554.5x
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.

2,854 Employees
Last Reported Date: 03/2/15
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
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 Inc. Appoints Keith Jensen as Chief Accounting Officer

Fortinet Inc. appointed Keith Jensen, age 56, to serve as chief accounting officer of the company (including as its principal accounting officer), effective immediately. Following Mr. Jensen's’s appointment, Andrew del Matto, the company’s chief financial officer, will cease to serve as its principal accounting officer. Mr. Jensen has been the company’s vice president of finance and corporate controller since may 2014. from November 2012 to may 2014, Mr. Jensen served in various positions at Datadirect networks, inc. including as its chief accounting officer and chief administrative officer. from February 2006 to November 2012, Mr. Jensen served in various positions at Sybase, inc.

Fortinet Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015; Announces Impairment of Intangible Assets for the Second Quarter Ended June 30, 2015

Fortinet Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total revenue was $239,785,000 against $184,098,000 a year ago. Operating income was $2,952,000 against $11,142,000 a year ago. Income before income taxes was $3,486,000 against $11,887,000 a year ago. Net income was $792,000 against $6,081,000 a year ago. Operating income was $29,291,000 against $28,670,000 a year ago. Net income was $19,386,000 or $0.11 diluted per share against $18,576,000 or $0.11 diluted per share a year ago. Net cash provided by operating activities was $84,305,000 against $43,798,000 a year ago. Purchases of property and equipment was $10,761,000 against $9,704,000 a year ago. Non-GAAP net income was $19.4 million or $0.11 per share. For the six months, the company's total revenue was $452,671,000 against $353,047,000 a year ago. Operating income was $3,850,000 against $23,957,000 a year ago. Income before income taxes was $5,129,000 against $25,646,000 a year ago. Net income was $2,352,000 or $0.01 basic and diluted per share against $14,474,000 or $0.09 basic and diluted per share a year ago. Net cash provided by operating activities was $148,924,000 against $104,700,000 a year ago. Purchases of property and equipment was $15,688,000 against $21,022,000 a year ago. The company provided earnings guidance for the third quarter and full year 2015. For the quarter, total revenue is expected to be in the range of $255 million to $260 million, up 33% 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 12%, reflecting its continued investments to drive growth. The company expects non-GAAP earnings per share to be approximately $0.12. The company expects total revenue to be in the range of $1 billion to $1,010,000,000, up 33% year-over-year at the midpoint and an increase from its prior guidance of $935 million to $940 million. Non-GAAP gross margin is still expected to be in the range of 70% to 71%. And it is maintaining its non-GAAP operating margin guidance of approximately 14%. And finally, it continues to expect non-GAAP earnings per share to be in the range of approximately $0.51 per share to $0.52 per share. The company announced impairment of intangible assets of $1.59 million compared to $2.40 million a year ago.

Black Hat Selects Fortinet to Help Secure the Entire Event Network Environment for Attendees, Participants and Staff at the 2015 U.S. Black Hat Conference

Fortinet Inc. has been chosen by Black Hat to help secure the entire event network environment for attendees, participants and staff at the 2015 U.S. Black Hat conference, taking place in Las Vegas, August 1-6. Fortinet and Black Hat have also worked together to make their Network Operations Command (NOC) center available for exclusive showings throughout the show. For the first time in the show's history, select participants will be able to see how Fortinet's high-performance cybersecurity solutions help ensure that connectivity at the show is not sacrificed in the name of security. As the host of some of the largest, most technical, premier information security conferences in the world, Black Hat takes security seriously, and has historically developed custom solutions to meet the demanding security requirements of the annual events. This year Black Hat turned to Fortinet hardware to help secure the event network, with an emphasis on best-in-class solutions to meet the show's stringent network security needs.

 

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Industry Analysis

FTNT

Industry Average

Valuation FTNT Industry Range
Price/Earnings 100.0x
Price/Sales 9.3x
Price/Book 10.8x
Price/Cash Flow 611.1x
TEV/Sales 8.3x
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