Last $31.40 USD
Change Today -1.05 / -3.24%
Volume 2.7M
FTNT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 5:20 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

fortinet inc (FTNT) Snapshot

Open
$32.97
Previous Close
$32.45
Day High
$32.97
Day Low
$31.27
52 Week High
01/28/15 - $32.97
52 Week Low
04/15/14 - $20.04
Market Cap
5.2B
Average Volume 10 Days
1.6M
EPS TTM
$0.16
Shares Outstanding
164.9M
EX-Date
--
P/E TM
200.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for FORTINET INC (FTNT)

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fortinet inc (FTNT) Details

Fortinet, Inc. provides network security appliances and unified threat management network security solutions worldwide. The company primarily offers FortiGate physical and virtual appliances that provide a set of security and networking functions. It also provides FortiManager product family to manage 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. In addition, the company offers FortiAP secure wireless access points; FortiWeb, which provides security for Web-based applications; FortiMail for multi-featured messaging security; FortiDB for centrally managed database-specific security; FortiClient for endpoint security of desktops, laptops, and mobile devices; and FortiScan for endpoint vulnerability assessment and remediation. Further, it offers FortiSwitch Ethernet switches; 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 for reducing 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. Additionally, the company offers security subscription, technical support, training, and professional services. It serves telecommunications, government, financial, retail, education, technology, healthcare, and manufacturing industries. The company sells its products and services directly to distributors that sell to resellers and service providers. Fortinet, Inc. was founded in 2000 and is headquartered in Sunnyvale, California.

2,721 Employees
Last Reported Date: 11/6/14
Founded in 2000

fortinet inc (FTNT) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $359.4K
Co-Founder, President, Chief Technology Offic...
Total Annual Compensation: $318.8K
Vice President of Corporate Development & Str...
Total Annual Compensation: $308.2K
Compensation as of Fiscal Year 2013.

fortinet inc (FTNT) Key Developments

Fortinet, Inc. Releases Seven New FortiAP Wireless Lan Access Points

Fortinet Inc. has released seven new FortiAP wireless LAN access points. Fortinet's new FortiAP Access Points are engineered to deliver retailers, branch offices and distributed enterprises with expansive Wireless LAN coverage, maximum device density and increased bandwidth. Combined with Fortinet's Threat Protection, IT departments can rest easy knowing that their Wireless LAN is secure. Fortinet's portfolio of security solutions enables businesses to consolidate stand-alone products, embrace new technologies and pursue business opportunities, all while remaining completely secure. FortiAP's are Thin Access Points, enabling secure, identity-driven Wi-Fi access for an organization's network. Designed to seamlessly integrate with the built-in enterprise Wireless LAN controller of FortiGate Appliance, Fortinet delivers a true end-to-end Unified Access Layer. This holistic approach enables businesses to easily manage Wired and Wireless security from a single management console and protects their network from the latest security threats that other security vendors might miss. Fortinet's new FortiAP Wireless Access Points deliver the security, throughput and resiliency to enable organizations to take advantage of the latest innovative wireless technologies. Featuring top rated threat prevention; these new FortiAP Wireless Access Points utilize the latest high-performance technologies, supporting dual and triple stream MIMO 802.11ac technology. These security and performance features enable organizations to implement innovative wireless technologies like Point-of-Sale (POS) and inventory systems for retail, connected medical equipment and physician kiosks for healthcare, or simply deliver robust BYOD and mobility services without worrying about the integrity of their networks. As part of Fortinet's broad Connect and Secure solution, FortiAP Wireless LAN Access Points integrate seamlessly with Fortinet's FortiGate Next Generation Firewall (NGFW) and Unified Threat Management (UTM) products, eliminating the need for stand-alone Network Switches or Wireless LAN controllers, greatly reducing complexity. This allows distributed organizations to better adhere to compliance regulations and analyze customer behavior to compete more effectively in the marketplace. Going beyond just Wi-Fi Access, FortiAP's can also be paired with Fortinet's FortiPresence Analytics Solution, launched in August 2014, which delivers customer presence analytics to power the brick-and-mortar retail stores of the future. FortiPresence enables FortiAP's to function as a sensor that can analyze the location of foot traffic, distinguish between new or repeat visitors, provide historical and real-time data analysis and much more. Enabling innovative marketing engagement initiatives like social Wi-Fi access and smart digital signage, FortiPresence paired with FortiAP's enable retailers to optimize their businesses for the digital age and turning network a competitive advantage.

Fortinet Announces New Class of Internal Firewall

Fortinet announced a new class of internal firewall to help address the longstanding challenge of internal network security and the protection of critical data. The Internal Network Firewall (INFW) addresses the ever-increasing sophistication and persistent dangers to organizations' networks from threats that are inside the network. The company also announced major updates to their FortiGate firewall portfolio, delivering performance and affordability. Until now, traditional border firewalls have not been effective as internal firewalls due to the high level of performance required on internal networks, in addition to the complexity to deploy. Fortinet's Internal Network Firewall (INFW) takes advantage of the ASIC architecture to provide multi-gigabit throughput, without disruption to existing applications or systems. Pre-configured Transparent Mode enables rapid and easy deployment with instant network traffic visibility. The current state of network threat protection is often focused primarily on the border, working to prevent outside threats. Yet, this approach can be ineffective once a threat gets "past the gate" and enters the internal network by other means, such as end-point devices, infected flash drives, or even internal employees or consultants, putting critical data at risk. The reality is that sophisticated hacker attacks and insider threats continue to penetrate more deeply and persist undetected for long periods of time inside an organization's internal network, making it even more critical for organizations to mitigate potential damage. Hackers are taking advantage of the typically flat internal architectures to put internal networks at greater risk. Fortinet is introducing a new class of firewall to combat these internal threats, leveraging proven and robust FortiGate security appliances. Fortinet's new INFW employs a layered approach to security that sits closer to the assets within an organizations' network, segmenting and preventing breaches from spreading, while providing full visibility into all traffic types, users and devices, to help protect against threats inside the network. Fortinet INFWs come pre-configured in Transparent Mode for a quick and seamless inline deployment. This approach provides immediate insights, utilizing FortiGuard Threat Intelligence services, while still providing the ability to block malicious traffic and enforce a wide range of security policies, all without making changes to the existing network. The Fortinet INFW will be available on select FortiGate Firewall appliances, featuring multi-Gigabit performance and port densities that meet any organization's internal security needs. Fortinet's legendary performance is also necessary to deliver advanced threat protection without impacting business activities. Supporting wire-speed, east-west traffic, Fortinet's Internal Network Firewalls won't be a bottleneck.

Fortinet, Inc. Launches Four New Rugged Products

Fortinet Inc., has launched FortiGate Rugged 60D, FortiGate Rugged 90D, FortiAP 222C and FortiSwitch 112D-PoE, its four new rugged products. Fortinet's rugged and outdoor products are industrially-hardened appliances that deliver enterprise-class connectivity and security for critical control systems facing malicious attacks, as well as extreme weather and other demanding physical environments. Dedicated security appliances, expert security intelligence powered by FortiGuard Labs with an emphasis on ICS threats and systems plus consolidated wired and wireless networking, combine to meet both the most demanding security requirements and environmental conditions for customers. Features include: Industrial control-specific capabilities, such as application awareness and protocol support, in form factors designed in accordance with international substation automation standards, IEC 61850-3 and IEEE 1613, and fan-less, cable-less design; integrating switching and wireless access that delivers connectivity as well as security for automated systems anywhere in the world; and strong remote configuration and management, as well as central monitoring and reporting to ensure high availability and demonstrated compliance capabilities.

 

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Industry Analysis

FTNT

Industry Average

Valuation FTNT Industry Range
Price/Earnings 100.0x
Price/Sales 7.4x
Price/Book 8.2x
Price/Cash Flow 175.1x
TEV/Sales 6.5x
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