Last $26.08 USD
Change Today -0.34 / -1.29%
Volume 1.1M
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

fortinet inc (FTNT) Snapshot

Open
$26.31
Previous Close
$26.42
Day High
$26.37
Day Low
$25.99
52 Week High
09/19/14 - $26.84
52 Week Low
12/2/13 - $16.29
Market Cap
4.3B
Average Volume 10 Days
1.7M
EPS TTM
$0.24
Shares Outstanding
163.8M
EX-Date
--
P/E TM
107.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for FORTINET INC (FTNT)

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fortinet inc (FTNT) Details

Fortinet, Inc. provides network security appliances and unified threat management network security solutions worldwide. The company primarily offers FortiGate physical and virtual appliances that provide a set of security and networking functions. It also provides FortiManager product family 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, the company 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 for endpoint security of desktops, laptops, and mobile devices; and FortiScan for endpoint vulnerability assessment and remediation. Further, it offers FortiSwitch Ethernet switches; FortiBridge bypass appliances to help ensure network availability; FortiAuthenticator for scalable secure authentication for enterprise networks; FortiADC for optimizing the availability and performance of mobile, cloud, and enterprise applications; FortiSandbox for detecting and mitigating advanced persistent threats; FortiCache for reducing the cost and impact of cached Internet content; FortiDNS for secure domain name system caching; FortiDDoS for protection against distributed denial of service attack; and FortiVoice for business telephone communication. Additionally, the company offers security subscription, technical support, training, and professional services. It serves telecommunications, government, financial, retail, education, technology, healthcare, and manufacturing industries. The company sells its products and services directly to distributors that sell to resellers and service providers. Fortinet, Inc. was founded in 2000 and is headquartered in Sunnyvale, California.

2,532 Employees
Last Reported Date: 08/5/14
Founded in 2000

fortinet inc (FTNT) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $359.4K
Co-Founder, President, Chief Technology Offic...
Total Annual Compensation: $318.8K
Vice President of Corporate Development & Str...
Total Annual Compensation: $308.2K
Compensation as of Fiscal Year 2013.

fortinet inc (FTNT) Key Developments

Fortinet Unveils Two Next-Generation Firewall Platforms

Fortinet unveiled two next-generation firewall platforms that will provide mid-enterprises in Malaysia five times next generation performance and increased protection against advanced threats. The FortiGate-300D and FortiGate-500D models are ideal for mid-size enterprises, branch offices, a well as, state and local government, education, healthcare and other market segments that need strong security and easy-to manage functionality at affordable prices.

Fortinet Sets Up Research & Development Center in Singapore

Fortinet announced that it plans to establish a regional centre in Singapore this year to conduct network security research and development, and help extend its innovation lead in the marketplace to better protect enterprises and service providers amidst escalating cyber security threats. Along with the setting up of this R&D facility, Fortinet intends to leverage local high-quality talent to boost its regional technical support, marketing, finance and legal employee base in Singapore. To be located in Fortinet's Asia Pacific headquarters at Beach Road, this centre will house security research and development professionals to extend collaboration on threat intelligence and provide emergency threat response to customers. The facility will complement and extend Fortinet's existing R&D centers, including FortiGuard Labs, primarily located in the US and Canada. The company also expects those additional resources to help support Fortinet's growth.

Fortinet Appoints Luanne Tierney as Vice President of Marketing

Fortinet announced that it has expanded its executive team with the appointment of marketing industry veteran Luanne Tierney as Vice President of Marketing. In this capacity, Tierney will be responsible for the company's corporate marketing strategy and operations, as well as spearheading strategy and initiatives for Fortinet's field, channel and social/digital marketing efforts. Tierney is renowned for her marketing innovation and ability to connect marketing to sales growth, with hands-on knowledge of go-to-market routes and business strategy. Most recently VP of Global Partner Marketing at Juniper Networks, she has been recognized by Forrester for delivering the most innovative partner marketing in the industry for 2013. In her previous role at Cisco Systems, she created the first industry global program that transitioned partners from traditional marketing to social media.

 

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Industry Analysis

FTNT

Industry Average

Valuation FTNT Industry Range
Price/Earnings 100.0x
Price/Sales 6.3x
Price/Book 6.9x
Price/Cash Flow 115.3x
TEV/Sales 5.5x
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