Last $18.40 USD
Change Today 0.00 / 0.00%
Volume 1.3M
FTNT On Other Exchanges
Symbol
Exchange
Berlin
As of 2:21 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

fortinet inc (FTNT) Snapshot

Open
$18.33
Previous Close
$18.40
Day High
$18.50
Day Low
$18.05
52 Week High
09/14/12 - $28.23
52 Week Low
04/26/13 - $17.26
Market Cap
3.0B
Average Volume 10 Days
2.3M
EPS TTM
$0.39
Shares Outstanding
162.2M
EX-Date
--
P/E TM
47.2x
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

Fortinet Introduces Next-Generation Operating System for Web Application Firewall Product Family

Fortinet Inc. introduced the next-generation operating system (OS) for its FortiWeb Web application firewalls product family, providing important new security advancements to protect against increasingly malicious application layer attacks. The new FortiWeb 5 OS, which is backward compatible with the entire FortiWeb family, features critical security advancements that include the ability to accurately identify the origin of Web application traffic to proactively distinguish between legitimate and malicious sources. FortiWeb provides the ability to distinguish between legitimate known search engine requests, scanners, crawlers and other threshold based tools. This expands the bot identification and analysis coverage recently introduced with the FortiGuard IP Reputation service, which monitors IPs that are compromised or behaving abnormally. In conjunction with the FortiWeb 5 rollout, Fortinet is also introducing three new Web application firewall appliances: the FortiWeb-3000D, FortiWeb-3000DFsx and FortiWeb-4000D, which are designed for large enterprises, service providers and large datacenters that require high performance Web application security. The FortiWeb-3000D and FortiWeb-3000DFsx support up to 1.5 Gbps of throughput while the FortiWeb-4000D supports up 4 Gbps. The new appliances are 50 to 100% faster than their predecessors and provide robust protection against the Open Web Application Security Project (OWASP) Top 10 risks and aid in PCI DSS 6.6 compliance.

VINCI Energies Deploys Fortinet Inc.'s FortiGate Appliances

Fortinet Inc. announced that VINCI Energies has deployed more than 850 FortiGate(R) appliances to standardize and secure its network of remote sites across France. Fortinet's solutions were chosen for their ability to meet VINCI Energies' requirements in terms of security efficacy, reliability, performance and ease of administration. Fortinet's solutions also allow VINCI Energies to benefit from centralized management for all the security appliances deployed in France. The implementation of 850 FortiGate-60Cs, 8 FortiGate-300Cs and 4 FortiGate-100Ds in more than 860 VINCI Energies remote sites in France is now complete. Every FortiGate appliance delivers the following integrated features: firewall for protecting Internet access locally; IPSec VPN and policy-based routing for secure access to the group's business applications from any site in case of fault or unavailability of the MPLS network; as well as antivirus and IPS for Internet attack detection and mitigation. Furthermore, QoS provided by Fortinet's appliances enables the prioritization of the business applications and the optimization of inter-sites traffic. Finally, the FortiGate devices support both IPv4 and IPv6, therefore providing to VINCI Energies the same level of security on its IPv6 Intranet as on the rest of its network.

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.

 

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FTNT

Industry Average

Valuation FTNT Industry Range
Price/Earnings 47.3x
Price/Sales 5.4x
Price/Book 5.4x
Price/Cash Flow 46.0x
TEV/Sales 4.6x
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