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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
FTNT's Cash to Debt is ranked higher than
85% of the 1930 Companies
in the Global Software - Application industry.

( Industry Median: 8.51 vs. FTNT: No Debt )
Ranked among companies with meaningful Cash to Debt only.
FTNT' s Cash to Debt Range Over the Past 10 Years
Min: N/A  Med: No Debt Max: No Debt
Current: No Debt
N/A
No Debt
Equity to Asset 0.41
FTNT's Equity to Asset is ranked lower than
76% of the 1831 Companies
in the Global Software - Application industry.

( Industry Median: 0.61 vs. FTNT: 0.41 )
Ranked among companies with meaningful Equity to Asset only.
FTNT' s Equity to Asset Range Over the Past 10 Years
Min: -0.04  Med: 0.47 Max: 0.53
Current: 0.41
-0.04
0.53
Interest Coverage No Debt
FTNT's Interest Coverage is ranked higher than
87% of the 1543 Companies
in the Global Software - Application industry.

( Industry Median: 180.58 vs. FTNT: No Debt )
Ranked among companies with meaningful Interest Coverage only.
FTNT' s Interest Coverage Range Over the Past 10 Years
Min: No Debt  Med: No Debt Max: No Debt
Current: No Debt
F-Score: 4
Z-Score: 4.31
M-Score: -2.89
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 0.71
FTNT's Operating margin (%) is ranked lower than
64% of the 1869 Companies
in the Global Software - Application industry.

( Industry Median: 4.79 vs. FTNT: 0.71 )
Ranked among companies with meaningful Operating margin (%) only.
FTNT' s Operating margin (%) Range Over the Past 10 Years
Min: -13.89  Med: 10.05 Max: 20.5
Current: 0.71
-13.89
20.5
Net-margin (%) -0.09
FTNT's Net-margin (%) is ranked lower than
64% of the 1869 Companies
in the Global Software - Application industry.

( Industry Median: 3.13 vs. FTNT: -0.09 )
Ranked among companies with meaningful Net-margin (%) only.
FTNT' s Net-margin (%) Range Over the Past 10 Years
Min: -14.06  Med: 7.2 Max: 23.87
Current: -0.09
-14.06
23.87
ROE (%) -0.14
FTNT's ROE (%) is ranked lower than
65% of the 1820 Companies
in the Global Software - Application industry.

( Industry Median: 6.06 vs. FTNT: -0.14 )
Ranked among companies with meaningful ROE (%) only.
FTNT' s ROE (%) Range Over the Past 10 Years
Min: -0.14  Med: 15.38 Max: 87.71
Current: -0.14
-0.14
87.71
ROA (%) -0.06
FTNT's ROA (%) is ranked lower than
62% of the 1936 Companies
in the Global Software - Application industry.

( Industry Median: 2.84 vs. FTNT: -0.06 )
Ranked among companies with meaningful ROA (%) only.
FTNT' s ROA (%) Range Over the Past 10 Years
Min: -15.04  Med: 4.28 Max: 20.53
Current: -0.06
-15.04
20.53
ROC (Joel Greenblatt) (%) 7.97
FTNT's ROC (Joel Greenblatt) (%) is ranked lower than
59% of the 1896 Companies
in the Global Software - Application industry.

( Industry Median: 22.22 vs. FTNT: 7.97 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FTNT' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -733.16  Med: 231.47 Max: 1183.65
Current: 7.97
-733.16
1183.65
Revenue Growth (3Y)(%) 21.30
FTNT's Revenue Growth (3Y)(%) is ranked higher than
85% of the 1447 Companies
in the Global Software - Application industry.

( Industry Median: 5.30 vs. FTNT: 21.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FTNT' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 19.1 Max: 21.3
Current: 21.3
0
21.3
EBITDA Growth (3Y)(%) -26.80
FTNT's EBITDA Growth (3Y)(%) is ranked lower than
87% of the 1199 Companies
in the Global Software - Application industry.

( Industry Median: 8.40 vs. FTNT: -26.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FTNT' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 1.95 Max: 50.4
Current: -26.8
0
50.4
EPS Growth (3Y)(%) -50.00
FTNT's EPS Growth (3Y)(%) is ranked lower than
92% of the 1094 Companies
in the Global Software - Application industry.

( Industry Median: 8.20 vs. FTNT: -50.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FTNT' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -13.3 Max: 236.2
Current: -50
0
236.2
GuruFocus has detected 4 Warning Signs with Fortinet Inc $FTNT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» FTNT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

FTNT Guru Trades in Q1 2016

Steven Cohen 757,400 sh (New)
George Soros 6,666 sh (New)
John Burbank 46,567 sh (New)
Ken Fisher 31,175 sh (+234.32%)
Paul Tudor Jones 48,187 sh (+131.18%)
Jim Simons 1,571,500 sh (+112.05%)
Joel Greenblatt 56,595 sh (+87.23%)
Mario Gabelli 75,600 sh (+1.07%)
Jim Chanos Sold Out
John Hussman Sold Out
» More
Q2 2016

FTNT Guru Trades in Q2 2016

Paul Singer 2,749,516 sh (New)
Mario Gabelli 75,600 sh (unchged)
Ken Fisher 31,175 sh (unchged)
John Burbank Sold Out
George Soros Sold Out
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Joel Greenblatt 29,828 sh (-47.30%)
Jim Simons 704,400 sh (-55.18%)
» More
Q3 2016

FTNT Guru Trades in Q3 2016

George Soros 145,000 sh (New)
Steven Cohen 78,800 sh (New)
Jim Simons 1,261,500 sh (+79.09%)
Ken Fisher 31,197 sh (+0.07%)
Mario Gabelli 74,600 sh (-1.32%)
Joel Greenblatt 18,639 sh (-37.51%)
Paul Singer 454,316 sh (-83.48%)
» More
Q4 2016

FTNT Guru Trades in Q4 2016

Diamond Hill Capital 344,591 sh (New)
Paul Tudor Jones 31,857 sh (New)
Jim Simons 2,618,100 sh (+107.54%)
Joel Greenblatt Sold Out
Paul Singer Sold Out
Ken Fisher 31,175 sh (-0.07%)
Steven Cohen 74,600 sh (-5.33%)
George Soros 126,666 sh (-12.64%)
Mario Gabelli 51,900 sh (-30.43%)
» More
» Details

Insider Trades

Latest Guru Trades with FTNT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Application Software » Software - Application    NAICS: 561621    SIC: 7382
Compare:NAS:TEAM, NAS:PTC, NYSE:LN, OTCPK:TMICY, NYSE:TYL, OTCPK:GTOMY, NYSE:SQ, NAS:LOGM, NAS:NUAN, NYSE:SHOP, NAS:CDNS, NAS:AZPN, OTCPK:SGGEF, NAS:ANSS, NAS:SPLK, NYSE:DATA, NAS:NATI, NAS:NICE, NAS:OTEX, NAS:MENT » details
Traded in other countries:FO8.Germany,
Fortinet Inc is provider of network security solutions that are designed to address the fundamental problems of an increasingly bandwidth-intensive network environment and a more sophisticated information technology threat landscape.

Fortinet Inc was incorporated in Delaware in October 2000. The Company is a provider of network security solutions that are designed to address the fundamental problems of an increasingly bandwidth-intensive network environment and a more sophisticated information technology threat landscape. Through its products and subscription services, it provide broad, integrated and high performance protection against dynamic security threats while simplifying the IT security infrastructure for enterprises, service providers and governmental entities worldwide. Its flagship Unified Threat Management solution consists of its FortiGate physical and virtual appliance products that provide a broad array of security and networking functions, including firewall, VPN, application control, antivirus, intrusion prevention, Web filtering, vulnerability management, antispam, wireless controller, and WAN acceleration. The Company also offers other product lines that provide additional protection, such as FortiAP, secure wireless access points; FortiWeb, security for Web-based applications; FortiMail, multi-featured, high performance messaging security; FortiDB, centrally managed database-specific security; FortiClient, endpoint security for desktops, laptops and mobile devices and that is primarily used in conjunction with its FortiGate appliances; FortiScan, endpoint vulnerability assessment and remediation; FortiSwitch, Ethernet switches; FortiBridge, bypass appliances to help ensure network availability; FortiAuthenticator, scalable secure authentication for enterprise networks; FortiBalancer, optimizing the availability and performance of mobile, cloud, and enterprise applications; FortiCache, reducing the cost of and impact of cached internet content; and FortiDNS, providing secure DNS caching. The Company also offers virtual appliances for the FortiGate, FortiManager, FortiAnalyzer, FortiWeb, FortiMail, and FortiScan product lines. Its main competitors include networking companies such as Cisco Systems, Inc., Juniper Networks, Inc., and security vendors such as Check Point Software Technologies Ltd., McAfee Inc., and SonicWALL, Inc., Palo Alto Networks, and other point solution security vendors. The Company is subject to various environmental laws and regulations including laws governing the hazardous material content of its products and laws relating to the recycling of electrical and electronic equipment. The laws and regulations to which the Company is subject include the European Union, RoHS and the EU Waste Electrical and Electronic Equipment (WEEE) Directive as well as the implementing legislation of the EU member states.

Ratios

vs
industry
vs
history
Forward P/E 42.02
FTNT's Forward P/E is ranked lower than
75% of the 369 Companies
in the Global Software - Application industry.

( Industry Median: 22.57 vs. FTNT: 42.02 )
Ranked among companies with meaningful Forward P/E only.
N/A
Price/Owner Earnings (ttm) 44.28
FTNT's Price/Owner Earnings (ttm) is ranked lower than
75% of the 757 Companies
in the Global Software - Application industry.

( Industry Median: 24.81 vs. FTNT: 44.28 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
FTNT' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 22.09  Med: 37.58 Max: 64.3
Current: 44.28
22.09
64.3
P/B 7.90
FTNT's P/B is ranked lower than
79% of the 2031 Companies
in the Global Software - Application industry.

( Industry Median: 3.08 vs. FTNT: 7.90 )
Ranked among companies with meaningful P/B only.
FTNT' s P/B Range Over the Past 10 Years
Min: 4.66  Med: 7.51 Max: 14.68
Current: 7.9
4.66
14.68
P/S 5.41
FTNT's P/S is ranked lower than
74% of the 2013 Companies
in the Global Software - Application industry.

( Industry Median: 2.47 vs. FTNT: 5.41 )
Ranked among companies with meaningful P/S only.
FTNT' s P/S Range Over the Past 10 Years
Min: 2.78  Med: 6.16 Max: 11.96
Current: 5.41
2.78
11.96
PFCF 25.68
FTNT's PFCF is ranked higher than
52% of the 780 Companies
in the Global Software - Application industry.

( Industry Median: 26.64 vs. FTNT: 25.68 )
Ranked among companies with meaningful PFCF only.
FTNT' s PFCF Range Over the Past 10 Years
Min: 12  Med: 25.12 Max: 39.16
Current: 25.68
12
39.16
POCF 20.83
FTNT's POCF is ranked lower than
55% of the 972 Companies
in the Global Software - Application industry.

( Industry Median: 18.99 vs. FTNT: 20.83 )
Ranked among companies with meaningful POCF only.
FTNT' s POCF Range Over the Past 10 Years
Min: 10.74  Med: 22 Max: 34.48
Current: 20.83
10.74
34.48
EV-to-EBIT 631.12
FTNT's EV-to-EBIT is ranked lower than
99% of the 1323 Companies
in the Global Software - Application industry.

( Industry Median: 18.17 vs. FTNT: 631.12 )
Ranked among companies with meaningful EV-to-EBIT only.
FTNT' s EV-to-EBIT Range Over the Past 10 Years
Min: 25.2  Med: 45 Max: 3945.5
Current: 631.12
25.2
3945.5
EV-to-EBITDA 103.02
FTNT's EV-to-EBITDA is ranked lower than
92% of the 1447 Companies
in the Global Software - Application industry.

( Industry Median: 14.43 vs. FTNT: 103.02 )
Ranked among companies with meaningful EV-to-EBITDA only.
FTNT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 22.3  Med: 40.2 Max: 143.4
Current: 103.02
22.3
143.4
Current Ratio 1.86
FTNT's Current Ratio is ranked lower than
53% of the 1798 Companies
in the Global Software - Application industry.

( Industry Median: 1.97 vs. FTNT: 1.86 )
Ranked among companies with meaningful Current Ratio only.
FTNT' s Current Ratio Range Over the Past 10 Years
Min: 1.19  Med: 1.87 Max: 2.14
Current: 1.86
1.19
2.14
Quick Ratio 1.73
FTNT's Quick Ratio is ranked lower than
52% of the 1798 Companies
in the Global Software - Application industry.

( Industry Median: 1.80 vs. FTNT: 1.73 )
Ranked among companies with meaningful Quick Ratio only.
FTNT' s Quick Ratio Range Over the Past 10 Years
Min: 1.13  Med: 1.78 Max: 2
Current: 1.73
1.13
2
Days Inventory 92.68
FTNT's Days Inventory is ranked lower than
85% of the 1085 Companies
in the Global Software - Application industry.

( Industry Median: 17.60 vs. FTNT: 92.68 )
Ranked among companies with meaningful Days Inventory only.
FTNT' s Days Inventory Range Over the Past 10 Years
Min: 46.19  Med: 70.45 Max: 97.59
Current: 92.68
46.19
97.59
Days Sales Outstanding 72.14
FTNT's Days Sales Outstanding is ranked lower than
55% of the 1495 Companies
in the Global Software - Application industry.

( Industry Median: 67.15 vs. FTNT: 72.14 )
Ranked among companies with meaningful Days Sales Outstanding only.
FTNT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.55  Med: 79.35 Max: 93.87
Current: 72.14
64.55
93.87
Days Payable 63.82
FTNT's Days Payable is ranked higher than
64% of the 1326 Companies
in the Global Software - Application industry.

( Industry Median: 42.55 vs. FTNT: 63.82 )
Ranked among companies with meaningful Days Payable only.
FTNT' s Days Payable Range Over the Past 10 Years
Min: 39.05  Med: 57.31 Max: 78.92
Current: 63.82
39.05
78.92

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -2.20
FTNT's 3-Year Average Share Buyback Ratio is ranked higher than
51% of the 1144 Companies
in the Global Software - Application industry.

( Industry Median: -2.50 vs. FTNT: -2.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FTNT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -42.7  Med: -2.6 Max: 0
Current: -2.2
-42.7
0

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 31.22
FTNT's Price/Net Current Asset Value is ranked lower than
89% of the 1352 Companies
in the Global Software - Application industry.

( Industry Median: 7.48 vs. FTNT: 31.22 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
FTNT' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 12.04  Med: 22.02 Max: 48.24
Current: 31.22
12.04
48.24
Price/Tangible Book 8.32
FTNT's Price/Tangible Book is ranked lower than
67% of the 1695 Companies
in the Global Software - Application industry.

( Industry Median: 4.53 vs. FTNT: 8.32 )
Ranked among companies with meaningful Price/Tangible Book only.
FTNT' s Price/Tangible Book Range Over the Past 10 Years
Min: 5.09  Med: 7.95 Max: 14.28
Current: 8.32
5.09
14.28
Price/Projected FCF 2.32
FTNT's Price/Projected FCF is ranked lower than
58% of the 850 Companies
in the Global Software - Application industry.

( Industry Median: 2.03 vs. FTNT: 2.32 )
Ranked among companies with meaningful Price/Projected FCF only.
FTNT' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.88  Med: 2.23 Max: 2.69
Current: 2.32
1.88
2.69
Price/Median PS Value 0.88
FTNT's Price/Median PS Value is ranked higher than
73% of the 1759 Companies
in the Global Software - Application industry.

( Industry Median: 1.10 vs. FTNT: 0.88 )
Ranked among companies with meaningful Price/Median PS Value only.
FTNT' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.5  Med: 1.03 Max: 1.89
Current: 0.88
0.5
1.89
Price/Graham Number 37.46
FTNT's Price/Graham Number is ranked lower than
99.99% of the 996 Companies
in the Global Software - Application industry.

( Industry Median: 2.49 vs. FTNT: 37.46 )
Ranked among companies with meaningful Price/Graham Number only.
FTNT' s Price/Graham Number Range Over the Past 10 Years
Min: 0  Med: 4.94 Max: 37.46
Current: 37.46
0
37.46
Earnings Yield (Greenblatt) (%) 0.20
FTNT's Earnings Yield (Greenblatt) (%) is ranked lower than
60% of the 2127 Companies
in the Global Software - Application industry.

( Industry Median: 2.10 vs. FTNT: 0.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FTNT' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.2  Med: 2.2 Max: 4
Current: 0.2
0.2
4
Forward Rate of Return (Yacktman) (%) -14.86
FTNT's Forward Rate of Return (Yacktman) (%) is ranked lower than
89% of the 772 Companies
in the Global Software - Application industry.

( Industry Median: 10.37 vs. FTNT: -14.86 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FTNT' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -14.9  Med: 5.9 Max: 31.4
Current: -14.86
-14.9
31.4

More Statistics

Revenue (TTM) (Mil) $1,209
Beta0.87
Short Percentage of Float4.12%
52-Week Range $25.26 - 38.33
Shares Outstanding (Mil)173.04

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 1,269 1,482 1,696 1,901
EPS ($) 0.63 0.89 1.10 1.19
EPS w/o NRI ($) 0.63 0.89 1.10 1.19
EPS Growth Rate
(3Y to 5Y Estimate)
26.03%
Dividends Per Share ($)
» More Articles for FTNT

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