Fortinet, Inc. (FTNT) Stock

About Fortinet, Inc.

Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.

Fortinet, Inc. is led by CEO Ken Xie, employs 14,556 people, headquartered in Sunnyvale, US, publicly traded since 2009.

Fortinet, Inc. (FTNT) stock trades at $153.22 with a market capitalization of $112.26B. The stock is valued at a price-to-earnings (P/E) ratio of 47.14, price-to-book of 85.13, price-to-sales of 15.15. Over the past 52 weeks the stock has ranged between $70.12 and $168.41, and currently trades 9.0% below its 52-week high.

On profitability, Fortinet, Inc. generates a return on equity (ROE) of 1.32%, return on capital employed of 168.31%, an operating margin of 30.62%, a net profit margin of 27.49%.

In its most recent fiscal year, Fortinet, Inc. reported annual revenue of $6.8B, net profit of $1.9B, revenue has compounded at 21.3% a year over the last five years, profit at 30.5% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.50, a current ratio of 1.17, total assets of $10.4B, $2.5B in cash and equivalents.

FTNT has an average daily trading volume of 6,287,035 shares, a beta of 1.11.

Official website: www.fortinet.com