Fortinet Overview

  • Founded
  • 2000
Founded
  • Status
  • Public
  • Employees
  • 10,195
Employees
  • Stock Symbol
  • FTNT
Stock Symbol
  • Investments
  • 25
  • Share Price
  • $303.48
  • (As of Thursday Closing)

Fortinet General Information

Description

Fortinet is a cybersecurity vendor that sells products, support, and services to small and midsize businesses, enterprises, and government entities. Its products include unified threat management appliances, firewalls, network security, and its security platform, Security Fabric. Services revenue is primarily from FortiGuard security subscriptions and FortiCare technical support. At the end of 2021, products were 38% of revenue and services were 62% of sales. The California-based company sells products worldwide.

Contact Information

Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Computers, Parts and Peripherals
Other Industries
Other Hardware
Stock Exchange
NAS
Primary Office
  • 899 Kifer Road
  • Sunnyvale, CA 94086
  • United States
+1 (408) 000-0000
Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial
Want to dig into this profile?

We’ll help you find what you need

Learn more

Fortinet Stock Performance

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$303.48 $297.54 $167.08 - $371.77 $47.8B 161M 1.63M $3.72

Fortinet Financials Summary

In Thousands,
USD
TTM 31-Dec-2021 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019
EV 56,663,925 56,663,925 22,454,483 16,319,262
Revenue 3,342,200 3,342,200 2,594,400 2,163,000
EBITDA 723,200 723,200 592,800 405,100
Net Income 606,800 606,800 488,500 331,700
Total Assets 5,919,100 5,919,100 4,044,500 3,879,200
Total Debt 988,400 988,400 0 0
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Fortinet Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Fortinet‘s full profile, request access.

Request a free trial

Fortinet Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned

This information is available in the PitchBook Platform. To explore Fortinet‘s full profile, request access.

Request a free trial

Fortinet Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Fortinet is a cybersecurity vendor that sells products, support, and services to small and midsize businesses, enterpris
Computers, Parts and Peripherals
Sunnyvale, CA
10,195 As of 2021
00000
0000 0000-00-00
00000000 00000

0000000

ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et do
000000000, 00000 000 00000000000
Sunnyvale, CA
00000 As of 0000
00000
0.000 0000-00-00
00000000 00000

000000

ctetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim a
000000000, 00000 000 00000000000
Quarry Bay, Hong Kong
00000 As of 0000
00000
00000000000 00000
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Fortinet Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Juniper Networks Formerly VC-backed Sunnyvale, CA 00000 00000 00000000 00000
000000 Corporation Quarry Bay, Hong Kong 00000 00000 00000000000 00000
0000000-0000000 Corporation Palo Alto, CA 00000 000000&0
00000 0000000 Corporation San Jose, CA 00000 00.00 000000 - 000 00.00
0000000 0000000 00 Corporation Houston, TX 00000 000000000000
You’re viewing 5 of 7 competitors. Get the full list »

Fortinet Patents

Fortinet Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11153280-B1 True transparent proxy to support multiple http/s web applications on same ip and port on a data communication network Active 29-Jun-2020 00000000000 0
US-20210385183-A1 Multi-factor authentication for accessing an electronic mail Pending 06-Jun-2020 000000000
US-10911935-B1 Automatically syncing gtp roaming firewall device policies over a data communication network for network security over mobile devices roaming data services on a carrier network Active 31-Mar-2020 00000000000
US-10984158-B1 Generating design verification test cases using a restricted randomization process based on variable dependencies Active 31-Mar-2020 000000000 00
US-20210306373-A1 Hardware acceleration device for denial-of-service attack identification and mitigation Pending 31-Mar-2020 H04L63/1458
To view Fortinet’s complete patent history, request access »

Fortinet Executive Team (31)

Name Title Board Seat Contact Info
Ken Xie Co-Founder, Chief Executive Officer & Chairman of the Board
Michael Xie Co-Founder, Chief Technology Officer, President & Board Member
John Maddison Chief Marketing Officer and Executive Vice President, Products
Keith Jensen Chief Financial Officer, Finance & Chief Accounting Officer, Accounting
Partha Bhattacharya Ph.D Chief Technology Officer, FortiSIEM & Senior Vice President, Engineering
You’re viewing 5 of 31 executive team members. Get the full list »

Fortinet Board Members (12)

Name Representing Role Since
Gary Locke JD Self Board Member 000 0000
James Stavridis Ph.D Self Board Member 000 0000
Jean Hu Ph.D Self Board Member & Member of the Audit Committee 000 0000
Judith Sim Fortinet Board Member 000 0000
Kelly Ducourty Fortinet Board Member 000 0000
You’re viewing 5 of 12 board members. Get the full list »

Fortinet Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Fortinet Investments & Acquisitions (25)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000 00000 31-Aug-2021 0000000000 0000 Connectivity Products
0000.00 07-Jul-2021 0000000000 Software Development Applications
000 0000000 0 19-Mar-2021 000000000 0000 Connectivity Products 000 000
0000000 10-Mar-2021 0000000000 000.00 Network Management Software
Panopta 09-Dec-2020 Merger/Acquisition 000.00 Network Management Software 000 000
You’re viewing 5 of 25 investments and acquisitions. Get the full list »

Fortinet Subsidiaries (4)

Company Name Industry Location Founded
Sken.ai Software Development Applications Dublin, CA 2019
0000000 Network Management Software San Jose, CA 0000
0000000 Network Management Software Chicago, IL 0000
0000000 00000000 Connectivity Products Kawasaki-shi, Japan 0000
To view Fortinet’s complete subsidiaries history, request access »

Fortinet Exits (4)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000000 11-Jul-2017 00000 00000 00 0000 Completed
  • 11 buyers
0000000 20-Mar-2015 00000 00000 00 0000 Completed
  • 12 buyers
0000000 (000 00000 20-May-2014 00000 00000 00 0000 Completed
  • 11 buyers
HyTrust 26-Aug-2013 Later Stage VC 000.00 Completed
  • 8 buyers
To view Fortinet’s complete exits history, request access »