Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 909 Kifer Road SUNNYVALE CA 94086 |
Tel: | N/A |
Website: | https://www.fortinet.com |
IR: | See website |
Key People | ||
Ken Xie Chairman of the Board, Chief Executive Officer, Founder | Michael Xie President, Chief Technology Officer, Director | Keith Franklin Jensen Chief Financial Officer |
John Lunsford Whittle Chief Operating Officer, Corporate Secretary | Patrice Perche Executive Vice President - Support, Chief Revenue Officer | Christiane Ohlgart Chief Accounting Officer, Principal Accounting Officer |
Business Overview |
Fortinet, Inc. provides an integrated platform, the Fortinet Security Fabric, that spans networking, unified Secure Access Service Edge (SASE) and AI-driven security operations to deliver cybersecurity where customers need it. It offers solutions to enterprises, such as in the financial services, retail and operational technology market verticals, communication and security service providers, government organizations and small and medium-sized businesses. Its Secure Networking solutions focuses on the convergence of networking and security via its network firewall and its switches, access points and other secure connectivity solutions. Its Unified SASE solution is a single-vendor SASE solution that includes Firewall, SD-WAN, Secure Web Gateway, Cloud Access Services Broker, and Data Loss Prevention, Zero Trust Network Access and cloud security. Its Security Operations solutions are delivered as a platform that automates detection and response to accelerate discovery and remediation. |
Financial Overview |
For the fiscal year ended 31 December 2023, Fortinet Inc revenues increased 20% to $5.3B. Net income increased 34% to $1.15B. Revenues reflect Europe, Middle East and Africa ('��EMEA'��) segment increase of 23% to $2.07B, United States segment increase of 21% to $1.61B. Net income benefited from INTEREST INCOME increase from $17.4M to $119.7M (income), LOSS FROM EQUITY METHOD INVESTMENTS decrease of 38% to $42.1M (losses). |
Employees: | 13,568 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $49,881M as of Dec 31, 2023 |
Annual revenue (TTM): | $5,305M as of Dec 31, 2023 |
EBITDA (TTM): | $1,350M as of Dec 31, 2023 |
Net annual income (TTM): | $1,148M as of Dec 31, 2023 |
Free cash flow (TTM): | $1,731M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 763,030,948 as of Feb 22, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |