Last $18.96 USD
Change Today +0.46 / 2.49%
Volume 3.2M
FTNT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

fortinet inc (FTNT) Snapshot

Open
$18.65
Previous Close
$18.50
Day High
$19.08
Day Low
$18.47
52 Week High
09/14/12 - $28.23
52 Week Low
04/26/13 - $17.26
Market Cap
3.1B
Average Volume 10 Days
2.2M
EPS TTM
$0.39
Shares Outstanding
162.2M
EX-Date
--
P/E TM
48.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for FORTINET INC (FTNT)

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fortinet inc (FTNT) Details

Fortinet, Inc. provides network security solutions worldwide. It offers FortiGate physical and virtual appliances that provide a set of security and networking functions, including firewall, VPN, application control, antivirus, intrusion prevention, Web filtering, anti-spam, and WAN acceleration. The company also offers FortiManager product family, which enables customers 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, it 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, which provides endpoint security for desktops, laptops, and mobile devices; and FortiScan for endpoint vulnerability assessment and remediation. Further, the company offers FortiSwitch Ethernet switches; FortiBridge bypass appliances to help ensure network availability; FortiAuthenticator for scalable secure authentication for enterprise networks; FortiBalancer for optimizing the availability and performance of mobile, cloud, and enterprise applications; FortiCache, which reduces the cost of and impact of cached Internet content; FortiDNS, which provides secure DNS caching; FortiDDoS for protection against denial of service attack; and FortiVoice for business telephone communication. Additionally, it offers security subscription, technical support, training, and professional services. The company serves telecommunications, government, financial, retail, education, technology, healthcare, and manufacturing industries. It offers its products and services directly to distributors who sell to resellers and service providers. The company was founded in 2000 and is headquartered in Sunnyvale, California.

2,077 Employees
Last Reported Date: 05/8/13
Founded in 2000

fortinet inc (FTNT) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $348.9K
Co-Founder, Chief Technology Officer, Vice Pr...
Total Annual Compensation: $309.5K
Principal Accounting Officer, Vice President ...
Total Annual Compensation: $233.8K
Vice President of Corporate Development & Str...
Total Annual Compensation: $279.1K
Compensation as of Fiscal Year 2012.

fortinet inc (FTNT) Key Developments

Hughes Network Systems Selects Fortinet for High Performance Distributed Enterprise MSSP Offering

Fortinet Inc. announced that Hughes Network Systems, LLC has selected Fortinet for its new distributed enterprise Managed Security Service Provider (MSSP) offering. The collaboration further strengthens Fortinet's position in the MSSP space by combining the company's high performance and award winning network security functionality with Hughes' innovative WAN optimization technology. Developed specifically to meet the demanding security and application performance needs of multi-branch organizations -- from retailers, restaurants, retail petroleum and finance, to government agencies -- the technology collaboration was designed to power the recently introduced HughesON Managed Network Services from Hughes. Fortinet's advanced hardware design and custom chipset architecture makes the FortiGate platform an ideal Customer Premises Equipment (CPE) network security device for MSSPs. From a chipset perspective, the company's engineering team consistently delivers breakthrough performance for the FortiGate UTM platform. As evidenced by the latest NSS Labs tests, FortiGate firewalls lead the industry for performance and security efficacy. The Fortinet System-on-Chip (SoC) architecture represents a significant breakthrough in hardware design and performance. With it, MSSPs can provide integrated, multi-threat protection across all points of their customers' network without sacrificing performance.

Fortinet Inc. Expands FishNet Security Relationship with New "Preferred" Managed Security Services Offering

Fortinet Inc. announced the company is extending its relationship with FishNet Security through a new "Preferred" Managed Security Services (MSS) offering. The offering, which is available, utilizes Fortinet's FortiAnalyzer Virtual Appliance and FortiManager Virtual Appliance to manage and provide analysis and intelligence for Fortinet FortiGate appliances within FishNet Security's expanded Customer-Premises Equipment (CPE) reseller program. For its new managed security services offering, FishNet Security intends to use Fortinet's FortiManager and FortiAnalyzer platforms to provide its managed security services customers with central management and reporting through a Web portal. The platforms also give FishNet Security the ability to remotely manage a wide variety of FortiGate devices for every business type; from SOHO/SMB through high-end enterprise. The key security features FishNet Security will be offering their customers include firewall, intrusion prevention, data loss prevention, application control, antivirus, URL filtering and secure Wi-Fi. FortiAnalyzer features logging, analysis and reporting and securely aggregates log data from Fortinet security appliances and other syslog-compatible devices. FortiManager features the ability to centrally manage any number of Fortinet devices be it a just a few or several thousand.

Fortinet Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013

Fortinet Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's total revenue was $135,820,000 against $117,247,000 a year ago. Operating income was $15,391,000 against $18,715,000 a year ago. Income before income taxes was $16,975,000 against $19,729,000 a year ago. Net income was $12,249,000 or $0.07 diluted per share against $14,173,000 or $0.09 diluted per share a year ago. Net cash provided by operating activities was $37,673,000 against $48,518,000 a year ago. Purchases of property and equipment were $1,534,000 against $1,624,000 a year ago. Non-GAAP operating income was $24,212,000 compared to $25,483,000 a year ago. Non-GAAP net income was $17,283,000 or $0.10 diluted per share compared to $17,488,000 or $0.11 diluted per share a year ago.

 

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FTNT

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Valuation FTNT Industry Range
Price/Earnings 47.6x
Price/Sales 5.4x
Price/Book 5.5x
Price/Cash Flow 46.2x
TEV/Sales 4.6x
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