fortinet (nasdaq: ftnt) is a worldwide provider of network security appliances and the market leader in unified threat management (utm). our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the it security infrastructure. our customers include enterprises, service providers and government entities worldwide, including the majority of the 2010 fortune global 100. fortinet’s flagship fortigate product delivers asic-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. fortinet’s broad product line goes beyond utm to help secure the extended enterprise – from endpoints, to the perimeter and the core, including databases and applications. fortinet is headquartered in sunnyvale, calif., with offices around the world.
Company profile
Ticker
FTNT
Exchange
Website
CEO
Ken Xie
Employees
Location
Fiscal year end
Industry (SIC)
Xerox • Stratasys • Logitech International • Corsair Gaming • Palo Alto Networks • Forescout • Mandiant • Immersion • Markforged Holding • Identiv ...
Former names
FORTINET INC
SEC CIK
Corporate docs
Subsidiaries
Fortinet Austria GmbH • Fortinet Belgium BV • Fortinet Network Security Brasil LTDA • Fortinet Technologies (Canada) ULC • Holdings 1504 Enterprises Inc. • Holdings 1502 Enterprises Ltd. • Fortinet International, Inc. • Accelops China Limited • Fortinet Information Technology (Beijing) Co., Ltd. • Fortinet Colombia S.A.S. ...
IRS number
770560389
FTNT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
23 Feb 24
8-K
Tech Industry Leader and Boardroom Powerhouse Maggie Wilderotter Joins Fortinet Board of Directors
23 Feb 24
8-K
Fortinet Reports Fourth Quarter and Full Year 2023 Financial Results
6 Feb 24
8-K
Departure of Directors or Certain Officers
18 Jan 24
8-K
Departure of Directors or Certain Officers
1 Dec 23
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Fortinet Reports Third Quarter 2023 Financial Results
2 Nov 23
10-Q
2023 Q2
Quarterly report
7 Aug 23
8-K
Fortinet Reports Second Quarter 2023 Financial Results
3 Aug 23
8-K
Amendments to Articles of Incorporation or Bylaws
23 Jun 23
Transcripts
FTNT
Earnings call transcript
2023 Q4
6 Feb 24
FTNT
Earnings call transcript
2023 Q3
2 Nov 23
FTNT
Earnings call transcript
2023 Q2
3 Aug 23
FTNT
Earnings call transcript
2023 Q1
4 May 23
FTNT
Earnings call transcript
2022 Q4
7 Feb 23
FTNT
Earnings call transcript
2022 Q3
3 Nov 22
FTNT
Earnings call transcript
2022 Q2
4 Aug 22
FTNT
Earnings call transcript
2022 Q1
5 May 22
FTNT
Earnings call transcript
2021 Q4
3 Feb 22
FTNT
Earnings call transcript
2021 Q3
5 Nov 21
Latest ownership filings
4
Ken Xie
13 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
4
Judith Sim
7 Mar 24
4
Michael Xie
7 Mar 24
4
WILLIAM H. NEUKOM
6 Mar 24
144
Notice of proposed sale of securities
6 Mar 24
144
Notice of proposed sale of securities
4 Mar 24
4
Keith Jensen
22 Feb 24
4
Ken Xie
22 Feb 24
4
Michael Xie
22 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.19 bn | 2.19 bn | 2.19 bn | 2.19 bn | 2.19 bn | 2.19 bn |
Cash burn (monthly) | 63.17 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 355.90 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 1.83 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 29.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
64.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1029 |
Opened positions | 136 |
Closed positions | 152 |
Increased positions | 370 |
Reduced positions | 395 |
13F shares | Current |
---|---|
Total value | 28.89 tn |
Total shares | 492.58 mm |
Total puts | 4.14 mm |
Total calls | 5.68 mm |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 67.84 mm | $3.98 tn |
BLK Blackrock | 50.28 mm | $2.95 tn |
Alliancebernstein | 29.13 mm | $1.71 tn |
STT State Street | 25.56 mm | $1.50 tn |
BK Bank Of New York Mellon | 18.65 mm | $1.09 tn |
Geode Capital Management | 14.12 mm | $827.16 bn |
Nordea Investment Management Ab | 9.44 mm | $554.95 bn |
AMP Ameriprise Financial | 8.85 mm | $519.55 bn |
FMR | 8.77 mm | $514.86 bn |
MS Morgan Stanley | 8.66 mm | $508.41 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Mar 24 | Ken Xie | Common Stock | Sell | Dispose S | No | Yes | 71.1532 | 4,916 | 349.79 k | 48,642,973 |
13 Mar 24 | Ken Xie | Common Stock | Sell | Dispose S | No | Yes | 70.6455 | 18,783 | 1.33 mm | 48,647,889 |
13 Mar 24 | Ken Xie | Common Stock | Option exercise | Acquire M | No | No | 9.812 | 41,667 | 408.84 k | 48,666,672 |
13 Mar 24 | Ken Xie | Nonqualified Stock Option Common Stock | Option exercise | Dispose M | No | No | 9.812 | 41,667 | 408.84 k | 916,667 |
12 Mar 24 | Ken Xie | Common Stock | Sell | Dispose S | No | Yes | 71.8133 | 600 | 43.09 k | 48,625,005 |
12 Mar 24 | Ken Xie | Common Stock | Sell | Dispose S | No | Yes | 71.3867 | 23,094 | 1.65 mm | 48,625,605 |
12 Mar 24 | Ken Xie | Common Stock | Option exercise | Acquire M | No | No | 9.812 | 41,666 | 408.83 k | 48,648,699 |
12 Mar 24 | Ken Xie | Nonqualified Stock Option Common Stock | Option exercise | Dispose M | No | No | 9.812 | 41,666 | 408.83 k | 958,334 |
6 Mar 24 | Neukom William H. | Common Stock | Buy | Acquire P | No | Yes | 70.2999 | 497 | 34.94 k | 294,365 |
21 Feb 24 | Keith Jensen | RSU Common Stock | Grant | Acquire A | No | No | 0 | 29,229 | 0.00 | 29,229 |
News
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15 Mar 24
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8 Mar 24
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5 Mar 24
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27 Feb 24
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27 Feb 24
Press releases
Fortinet Recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure
11 Mar 24
Windstream Enterprise Debuts Secure Flex Premium with Fortinet for Maximum Enterprise Agility and Digital Acceleration
11 Mar 24
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1 Mar 24
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7 Feb 24
Fortinet Announces the Industry's First Wi-Fi 7–Enabled Secure Networking Solution
16 Jan 24