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18.03 (1y: -20%)
Market Cap 2.92 B P/E(ttm) 47.60
Enterprise Value 2.46 B P/B 5.70
FTNT- NAS (USA)
Fortinet, Inc.
Not Rated
Top Ranked Predictable Companies
$18.03
Switch to:

GuruFocus Financial Strength Rank measures how strong a companyย’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

vs
industry		 vs
history
Cash to Debt No Debt
FTNT's Cash to Debt is ranked higher than
82% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 7.41 vs. FTNT: No Debt )
FTNT' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt
Equity to Asset 0.524
FTNT's Equity to Asset is ranked higher than
56% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.56 vs. FTNT: 0.524 )
FTNT' s 10-Year Equity to Asset Range
Min: -0.13   Max: 0.52
Current: 0.52
-0.13
0.52
Interest Coverage No Debt
FTNT's Interest Coverage is ranked higher than
73% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 25.60 vs. FTNT: No Debt )
FTNT' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 4
Z-Score: 5.02
M-Score: -2.75
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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

vs
industry		 vs
history
Operating margin (%) 18.80
FTNT's Operating margin (%) is ranked higher than
91% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 4.30 vs. FTNT: 18.80 )
FTNT' s 10-Year Operating margin (%) Range
Min: -13.9   Max: 20.5
Current: 18.8
-13.9
20.5
Net-margin (%) 12.5
FTNT's Net-margin (%) is ranked higher than
87% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 2.70 vs. FTNT: 12.5 )
FTNT' s 10-Year Net-margin (%) Range
Min: -14.1   Max: 23.9
Current: 12.5
-14.1
23.9
ROE (%) 13.1
FTNT's ROE (%) is ranked higher than
84% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 4.70 vs. FTNT: 13.1 )
FTNT' s 10-Year ROE (%) Range
Min: 13.1   Max: 42.2
Current: 13.1
13.1
42.2
ROA (%) 6.9
FTNT's ROA (%) is ranked higher than
80% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 2.90 vs. FTNT: 6.9 )
FTNT' s 10-Year ROA (%) Range
Min: -15   Max: 15.5
Current: 6.9
-15
15.5
Revenue Growth (%) 13.6
FTNT's Revenue Growth (%) is ranked higher than
93% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 13.6 )
FTNT' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 13.8
Current: 13.6
0
13.8
EBITDA Growth (%) 29.3
FTNT's EBITDA Growth (%) is ranked higher than
97% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 29.3 )
FTNT' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 70.4
Current: 29.3
0
70.4
EPS Growth (%) 0.6
FTNT's EPS Growth (%) is ranked higher than
84% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 0.6 )
FTNT' s 10-Year EPS Growth (%) Range
Min: 0   Max: 62.1
Current: 0.6
0
62.1
ยป FTNT's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

FTNT Guru Trades in Q2 2012

Jim Simons 39,200 sh (New)
Paul Tudor Jones 22,500 sh (+181.25%)
Steven Cohen 1,409,123 sh (+105.63%)
RS Investment Management 1,209,840 sh (+23.88%)
Pioneer Investments 209,772 sh (-22.12%)
» More
Q3 2012

FTNT Guru Trades in Q3 2012

Paul Tudor Jones 53,100 sh (+136%)
Pioneer Investments 241,497 sh (+15.12%)
Jim Simons Sold Out
RS Investment Management 925,390 sh (-23.51%)
Steven Cohen 860,505 sh (-38.93%)
» More
Q4 2012

FTNT Guru Trades in Q4 2012

Louis Moore Bacon 100,000 sh (New)
Steven Cohen 1,607,998 sh (+86.87%)
RS Investment Management 1,321,430 sh (+42.8%)
Paul Tudor Jones Sold Out
Pioneer Investments 218,100 sh (-9.69%)
» More
Q1 2013

FTNT Guru Trades in Q1 2013

Ron Baron 257,970 sh (New)
Lee Ainslie 2,109,798 sh (New)
Jim Simons 162,200 sh (New)
John Burbank 124,861 sh (New)
RS Investment Management 1,676,898 sh (+26.9%)
Louis Moore Bacon Sold Out
Pioneer Investments Sold Out
Steven Cohen 29,700 sh (-98.15%)
» More
» Details

Insider Trades

Latest Guru Trades with FTNT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2013-03-31 New Buy0.65%$19.06 - $25 $ 18.03-20%2109798
John Burbank 2013-03-31 New Buy0.12%$19.06 - $25 $ 18.03-20%124861
Ron Baron 2013-03-31 New Buy0.03%$19.06 - $25 $ 18.03-20%257970
George Soros 2010-03-31 Sold Out 0.01%$7.85 - $10.06 $ 18.03106%0
Ron Baron 2010-03-31 Sold Out 0.01%$7.85 - $10.06 $ 18.03106%0
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Top Ranked Articles about Fortinet, Inc.

Weekly Guru Bargains Highlights: FTNT, VVUS, HAE, PC, TIBX
December 9, 2012
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Fortinet, Inc. (FTNT): Down 22% Since Paul Tudor Jones Bought in the Quarter Ended on 9-30-2012 Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 47.60
FTNT's P/E(ttm) is ranked lower than
60% of the 1023 Companies
in the Global Software - Application industry.

( Industry Median: 20.80 vs. FTNT: 47.60 )
FTNT' s 10-Year P/E(ttm) Range
Min: 18.52   Max: 79.58
Current: 47.6
18.52
79.58
P/B 5.70
FTNT's P/B is ranked lower than
68% of the 1370 Companies
in the Global Software - Application industry.

( Industry Median: 2.02 vs. FTNT: 5.70 )
FTNT' s 10-Year P/B Range
Min: 5.33   Max: 16.03
Current: 5.7
5.33
16.03
P/S 5.50
FTNT's P/S is ranked lower than
66% of the 1452 Companies
in the Global Software - Application industry.

( Industry Median: 1.69 vs. FTNT: 5.50 )
FTNT' s 10-Year P/S Range
Min: 1.62   Max: 12.14
Current: 5.5
1.62
12.14
PFCF 19.90
FTNT's PFCF is ranked higher than
58% of the 1019 Companies
in the Global Software - Application industry.

( Industry Median: 17.43 vs. FTNT: 19.90 )
FTNT' s 10-Year PFCF Range
Min: 7.07   Max: 34.68
Current: 19.9
7.07
34.68
EV-to-EBIT 26.3
FTNT's EV-to-EBIT is ranked lower than
55% of the 1019 Companies
in the Global Software - Application industry.

( Industry Median: 14.50 vs. FTNT: 26.3 )
FTNT' s 10-Year EV-to-EBIT Range
Min: 25.2   Max: 56.8
Current: 26.3
25.2
56.8
PEG 0.7
FTNT's PEG is ranked higher than
88% of the 423 Companies
in the Global Software - Application industry.

( Industry Median: 1.64 vs. FTNT: 0.7 )
FTNT' s 10-Year PEG Range
Min: 0   Max: 1.1
Current: 0.7
0
1.1

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 31.6
FTNT's Price/Net Current Asset Value is ranked lower than
58% of the 930 Companies
in the Global Software - Application industry.

( Industry Median: 13.40 vs. FTNT: 31.6 )
FTNT' s 10-Year Price/Net Current Asset Value Range
Min: 24.4   Max: 44.5
Current: 31.6
24.4
44.5
Price/Tangible Book 5.7
FTNT's Price/Tangible Book is ranked lower than
57% of the 1116 Companies
in the Global Software - Application industry.

( Industry Median: 3.30 vs. FTNT: 5.7 )
FTNT' s 10-Year Price/Tangible Book Range
Min: 6.8   Max: 10.9
Current: 5.7
6.8
10.9
Price/Median PS Value 0.7
FTNT's Price/Median PS Value is ranked higher than
87% of the 1300 Companies
in the Global Software - Application industry.

( Industry Median: 1.00 vs. FTNT: 0.7 )
FTNT' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.1
Current: 0.7
0.2
1.1
Price/Graham Number 3.4
FTNT's Price/Graham Number is ranked lower than
62% of the 813 Companies
in the Global Software - Application industry.

( Industry Median: 1.80 vs. FTNT: 3.4 )
FTNT' s 10-Year Price/Graham Number Range
Min: 2.6   Max: 5.4
Current: 3.4
2.6
5.4
Earnings Yield (Greenblatt) 3.80
FTNT's Earnings Yield (Greenblatt) is ranked higher than
64% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 3.30 vs. FTNT: 3.80 )
FTNT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 4
Current: 3.8
1.8
4

Business Description

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: (i) 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. Additionally, the Company 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.
Company Website
SEC Reports
Industry: Software - Application
Compare:
Traded in other countries:FO8.Germany
ยป More Articles for FTNT

Headlines

Articles On GuruFocus.com
Weekly Guru Bargains Highlights: FTNT, VVUS, HAE, PC, TIBX Dec 09 2012 
Symantec Looks Significantly Undervalued Apr 17 2012 
Why Check Point Software Technologies Is Overvalued Jan 25 2012 
Weekly CFO Sells Highlight: UNH, STMP, FTNT, TMK, MANH Nov 07 2011 
Weekly CFO Sells Highlight: AN, CATM, AKRX, NNN, FTNT Aug 28 2011 
Daily Largest CEO/CFO Sales: PLL, FTNT Mar 25 2011 
Fortinet Inc. (FTNT) VP & CFO Kenneth A Goldman sells 2,000 Shares Mar 03 2011 
Fortinet Inc. (FTNT) President & CEO, 10% Owner Ken Xie sells 90,000 Shares Feb 23 2011 
Fortinet Inc. (FTNT) VP & CFO Kenneth A Goldman sells 11,000 Shares Feb 23 2011 
Fortinet Inc. (FTNT) VP & CFO Kenneth A Goldman sells 10,000 Shares Feb 11 2011 

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