Fortinet Inc (OQ:FTNT)

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
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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

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