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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
83% of the 1687 Companies
in the Global Software - Application industry.

( Industry Median: 10.14 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: No Debt  Med: No Debt Max: No Debt
Current: No Debt
Equity-to-Asset 0.39
FTNT's Equity-to-Asset is ranked lower than
75% of the 1591 Companies
in the Global Software - Application industry.

( Industry Median: 0.60 vs. FTNT: 0.39 )
Ranked among companies with meaningful Equity-to-Asset only.
FTNT' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.13  Med: 0.42 Max: 0.52
Current: 0.39
-0.13
0.52
Interest Coverage No Debt
FTNT's Interest Coverage is ranked higher than
87% of the 1515 Companies
in the Global Software - Application industry.

( Industry Median: 177.64 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
Piotroski F-Score: 7
Altman Z-Score: 4.09
Beneish M-Score: -3.04
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 : 8/10

vs
industry
vs
history
Operating Margin % 3.21
FTNT's Operating Margin % is ranked lower than
55% of the 1627 Companies
in the Global Software - Application industry.

( Industry Median: 4.30 vs. FTNT: 3.21 )
Ranked among companies with meaningful Operating Margin % only.
FTNT' s Operating Margin % Range Over the Past 10 Years
Min: -13.89  Med: 8.88 Max: 20.5
Current: 3.21
-13.89
20.5
Net Margin % 2.09
FTNT's Net Margin % is ranked lower than
54% of the 1628 Companies
in the Global Software - Application industry.

( Industry Median: 2.79 vs. FTNT: 2.09 )
Ranked among companies with meaningful Net Margin % only.
FTNT' s Net Margin % Range Over the Past 10 Years
Min: -14.06  Med: 5.34 Max: 23.87
Current: 2.09
-14.06
23.87
ROE % 3.36
FTNT's ROE % is ranked lower than
57% of the 1573 Companies
in the Global Software - Application industry.

( Industry Median: 5.51 vs. FTNT: 3.36 )
Ranked among companies with meaningful ROE % only.
FTNT' s ROE % Range Over the Past 10 Years
Min: 1.12  Med: 11.73 Max: 87.71
Current: 3.36
1.12
87.71
ROA % 1.37
FTNT's ROA % is ranked lower than
55% of the 1692 Companies
in the Global Software - Application industry.

( Industry Median: 2.52 vs. FTNT: 1.37 )
Ranked among companies with meaningful ROA % only.
FTNT' s ROA % Range Over the Past 10 Years
Min: -15.04  Med: 4.21 Max: 20.53
Current: 1.37
-15.04
20.53
ROC (Joel Greenblatt) % 34.37
FTNT's ROC (Joel Greenblatt) % is ranked higher than
59% of the 1648 Companies
in the Global Software - Application industry.

( Industry Median: 21.15 vs. FTNT: 34.37 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FTNT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -733.16  Med: 193.11 Max: 1183.65
Current: 34.37
-733.16
1183.65
3-Year Revenue Growth Rate 25.50
FTNT's 3-Year Revenue Growth Rate is ranked higher than
89% of the 1425 Companies
in the Global Software - Application industry.

( Industry Median: 5.20 vs. FTNT: 25.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
FTNT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 19.8 Max: 25.5
Current: 25.5
0
25.5
3-Year EBITDA Growth Rate -0.20
FTNT's 3-Year EBITDA Growth Rate is ranked lower than
64% of the 1193 Companies
in the Global Software - Application industry.

( Industry Median: 7.70 vs. FTNT: -0.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
FTNT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -0.2 Max: 50.4
Current: -0.2
0
50.4
3-Year EPS without NRI Growth Rate -11.50
FTNT's 3-Year EPS without NRI Growth Rate is ranked lower than
72% of the 1077 Companies
in the Global Software - Application industry.

( Industry Median: 7.70 vs. FTNT: -11.50 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
FTNT' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 236.2
Current: -11.5
0
236.2
GuruFocus has detected 3 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 (Next Earnings Date: 2017-05-02 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating 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:PTC, NAS:TEAM, OTCPK:MCFUF, NYSE:SQ, NYSE:SHOP, OTCPK:TMICY, NYSE:TYL, OTCPK:GTOMY, NYSE:LN, NAS:LOGM, NAS:NUAN, NAS:SPLK, NAS:AZPN, OTCPK:SGPYY, NAS:NATI, NAS:CDNS, NAS:MENT, NAS:NICE, NAS:OTEX, NAS:ANSS » 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 develops and sells a broad security portfolio of products with an emphasis on enterprise firewall and unified threat management appliances. The company reports revenue in two categories: Product and services. Product contributed to 47% of revenue in fiscal 2015, with services contributing the remaining 53%. The company was founded in 2000, taken public in November 2009, and has been consistently profitable.

Ratios

vs
industry
vs
history
PE Ratio 242.00
FTNT's PE Ratio is ranked lower than
96% of the 1417 Companies
in the Global Software - Application industry.

( Industry Median: 26.00 vs. FTNT: 242.00 )
Ranked among companies with meaningful PE Ratio only.
FTNT' s PE Ratio Range Over the Past 10 Years
Min: 15.2  Med: 68.38 Max: 3576
Current: 242
15.2
3576
Forward PE Ratio 40.82
FTNT's Forward PE Ratio is ranked lower than
78% of the 355 Companies
in the Global Software - Application industry.

( Industry Median: 21.41 vs. FTNT: 40.82 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 242.00
FTNT's PE Ratio without NRI is ranked lower than
96% of the 1363 Companies
in the Global Software - Application industry.

( Industry Median: 26.18 vs. FTNT: 242.00 )
Ranked among companies with meaningful PE Ratio without NRI only.
FTNT' s PE Ratio without NRI Range Over the Past 10 Years
Min: 15.2  Med: 68.38 Max: 3576
Current: 242
15.2
3576
Price-to-Owner-Earnings 35.45
FTNT's Price-to-Owner-Earnings is ranked lower than
69% of the 742 Companies
in the Global Software - Application industry.

( Industry Median: 24.46 vs. FTNT: 35.45 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
FTNT' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 22.14  Med: 36.77 Max: 64.3
Current: 35.45
22.14
64.3
PB Ratio 7.49
FTNT's PB Ratio is ranked lower than
79% of the 1779 Companies
in the Global Software - Application industry.

( Industry Median: 3.00 vs. FTNT: 7.49 )
Ranked among companies with meaningful PB Ratio only.
FTNT' s PB Ratio Range Over the Past 10 Years
Min: 4.66  Med: 7.51 Max: 14.68
Current: 7.49
4.66
14.68
PS Ratio 4.99
FTNT's PS Ratio is ranked lower than
73% of the 1786 Companies
in the Global Software - Application industry.

( Industry Median: 2.38 vs. FTNT: 4.99 )
Ranked among companies with meaningful PS Ratio only.
FTNT' s PS Ratio Range Over the Past 10 Years
Min: 2.78  Med: 6.15 Max: 11.96
Current: 4.99
2.78
11.96
Price-to-Free-Cash-Flow 22.76
FTNT's Price-to-Free-Cash-Flow is ranked higher than
56% of the 750 Companies
in the Global Software - Application industry.

( Industry Median: 26.35 vs. FTNT: 22.76 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FTNT' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 12  Med: 24.93 Max: 39.16
Current: 22.76
12
39.16
Price-to-Operating-Cash-Flow 18.29
FTNT's Price-to-Operating-Cash-Flow is ranked higher than
51% of the 923 Companies
in the Global Software - Application industry.

( Industry Median: 18.94 vs. FTNT: 18.29 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FTNT' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 10.74  Med: 21.95 Max: 34.48
Current: 18.29
10.74
34.48
EV-to-EBIT 128.87
FTNT's EV-to-EBIT is ranked lower than
93% of the 1205 Companies
in the Global Software - Application industry.

( Industry Median: 17.49 vs. FTNT: 128.87 )
Ranked among companies with meaningful EV-to-EBIT only.
FTNT' s EV-to-EBIT Range Over the Past 10 Years
Min: 25.2  Med: 45.1 Max: 3945.5
Current: 128.87
25.2
3945.5
EV-to-EBITDA 58.99
FTNT's EV-to-EBITDA is ranked lower than
89% of the 1321 Companies
in the Global Software - Application industry.

( Industry Median: 13.39 vs. FTNT: 58.99 )
Ranked among companies with meaningful EV-to-EBITDA only.
FTNT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 22.3  Med: 40.4 Max: 143.4
Current: 58.99
22.3
143.4
Current Ratio 1.86
FTNT's Current Ratio is ranked higher than
51% of the 1510 Companies
in the Global Software - Application industry.

( Industry Median: 1.84 vs. FTNT: 1.86 )
Ranked among companies with meaningful Current Ratio only.
FTNT' s Current Ratio Range Over the Past 10 Years
Min: 1.11  Med: 1.87 Max: 2.03
Current: 1.86
1.11
2.03
Quick Ratio 1.73
FTNT's Quick Ratio is ranked higher than
50% of the 1510 Companies
in the Global Software - Application industry.

( Industry Median: 1.72 vs. FTNT: 1.73 )
Ranked among companies with meaningful Quick Ratio only.
FTNT' s Quick Ratio Range Over the Past 10 Years
Min: 0.99  Med: 1.74 Max: 1.9
Current: 1.73
0.99
1.9
Days Inventory 95.90
FTNT's Days Inventory is ranked lower than
86% of the 930 Companies
in the Global Software - Application industry.

( Industry Median: 16.45 vs. FTNT: 95.90 )
Ranked among companies with meaningful Days Inventory only.
FTNT' s Days Inventory Range Over the Past 10 Years
Min: 46.19  Med: 70.68 Max: 103.05
Current: 95.9
46.19
103.05
Days Sales Outstanding 89.57
FTNT's Days Sales Outstanding is ranked lower than
69% of the 1288 Companies
in the Global Software - Application industry.

( Industry Median: 67.53 vs. FTNT: 89.57 )
Ranked among companies with meaningful Days Sales Outstanding only.
FTNT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.55  Med: 79.88 Max: 93.87
Current: 89.57
64.55
93.87
Days Payable 61.27
FTNT's Days Payable is ranked higher than
64% of the 1159 Companies
in the Global Software - Application industry.

( Industry Median: 40.56 vs. FTNT: 61.27 )
Ranked among companies with meaningful Days Payable only.
FTNT' s Days Payable Range Over the Past 10 Years
Min: 39.05  Med: 59.3 Max: 78.92
Current: 61.27
39.05
78.92

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -2.30
FTNT's 3-Year Average Share Buyback Ratio is ranked higher than
51% of the 1126 Companies
in the Global Software - Application industry.

( Industry Median: -2.40 vs. FTNT: -2.30 )
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: -2.4 Max: 0
Current: -2.3
-42.7
0

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 26.55
FTNT's Price-to-Net-Current-Asset-Value is ranked lower than
85% of the 1183 Companies
in the Global Software - Application industry.

( Industry Median: 7.10 vs. FTNT: 26.55 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
FTNT' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 12.04  Med: 22.23 Max: 32.34
Current: 26.55
12.04
32.34
Price-to-Tangible-Book 7.89
FTNT's Price-to-Tangible-Book is ranked lower than
66% of the 1462 Companies
in the Global Software - Application industry.

( Industry Median: 4.40 vs. FTNT: 7.89 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
FTNT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.36  Med: 7.45 Max: 10.35
Current: 7.89
5.36
10.35
Price-to-Intrinsic-Value-Projected-FCF 1.97
FTNT's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
51% of the 865 Companies
in the Global Software - Application industry.

( Industry Median: 1.98 vs. FTNT: 1.97 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
FTNT' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.63  Med: 2.03 Max: 2.17
Current: 1.97
1.63
2.17
Price-to-Median-PS-Value 0.81
FTNT's Price-to-Median-PS-Value is ranked higher than
79% of the 1553 Companies
in the Global Software - Application industry.

( Industry Median: 1.15 vs. FTNT: 0.81 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FTNT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.51  Med: 0.97 Max: 1.34
Current: 0.81
0.51
1.34
Price-to-Graham-Number 9.21
FTNT's Price-to-Graham-Number is ranked lower than
91% of the 881 Companies
in the Global Software - Application industry.

( Industry Median: 2.37 vs. FTNT: 9.21 )
Ranked among companies with meaningful Price-to-Graham-Number only.
FTNT' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.87  Med: 5.13 Max: 14.23
Current: 9.21
2.87
14.23
Earnings Yield (Greenblatt) % 0.77
FTNT's Earnings Yield (Greenblatt) % is ranked lower than
57% of the 1899 Companies
in the Global Software - Application industry.

( Industry Median: 2.09 vs. FTNT: 0.77 )
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: 0.77
0.2
4
Forward Rate of Return (Yacktman) % -13.39
FTNT's Forward Rate of Return (Yacktman) % is ranked lower than
89% of the 766 Companies
in the Global Software - Application industry.

( Industry Median: 10.46 vs. FTNT: -13.39 )
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: -14.8  Med: 3.7 Max: 31.4
Current: -13.39
-14.8
31.4

More Statistics

Revenue (TTM) (Mil) $1,275
EPS (TTM) $ 0.15
Beta0.87
Short Percentage of Float3.05%
52-Week Range $27.95 - 38.33
Shares Outstanding (Mil)175.32

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,484 1,696 1,901
EPS ($) 0.90 1.10 1.19
EPS without NRI ($) 0.90 1.10 1.19
EPS Growth Rate
(Future 3Y To 5Y Estimate)
26.03%
Dividends per Share ($)
» More Articles for FTNT

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