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Fortinet Inc
Previous close
$65.20
Day range
$58.79 - $62.49
Year range
$44.12 - $81.24
Market cap
44.93B USD
Avg Volume
4.33M
P/E ratio
40.43
Dividend yield
-
Primary exchange
NASDAQ
Top news
Q1 earnings report for Fortinet
Financials
Income Statement
Revenue
Net income
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Revenue | 1.35B | 7.21% |
Operating expense | 728.50M | 6.79% |
Net income | 299.30M | 20.83% |
Net profit margin | 22.12 | 12.74% |
Earnings per share | 0.43 | 26.47% |
EBITDA | 348.70M | 16.31% |
Effective tax rate | 11.66% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 3.02B | 5.00% |
Total assets | 7.66B | 12.15% |
Total liabilities | 7.80B | 14.35% |
Total equity | -137.50M | — |
Shares outstanding | 762.40M | — |
Price to book | -362.22 | — |
Return on assets | 10.73% | — |
Return on capital | 109.38% | — |
Cash Flow
Net change in cash
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Net income | 299.30M | 20.83% |
Cash from operations | 830.40M | 22.57% |
Cash from investing | -270.30M | -537.50% |
Cash from financing | -30.30M | -121.17% |
Net change in cash | 528.40M | -14.95% |
Free cash flow | 704.68M | 13.63% |
About
Fortinet, Inc. is a cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls, endpoint security and intrusion detection systems. Fortinet has offices located all over the world.
Brothers Ken Xie and Michael Xie founded Fortinet in 2000. The company's first and main product was FortiGate, a physical firewall. The company later added wireless access points, sandbox and messaging security. The company went public in November 2009. Wikipedia
CEO
Founded
2000
Headquarters
Website
Employees
13,568
