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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
81% of the 1781 Companies
in the Global Software - Application industry.

( Industry Median: 20.60 vs. FTNT: No Debt )
Ranked among companies with meaningful Cash to Debt only.
FTNT' s 10-Year Cash to Debt Range
Min: N/A  Med: 10000.00 Max: No Debt
Current: No Debt

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N/A
No Debt
Equity to Asset 0.47
FTNT's Equity to Asset is ranked lower than
71% of the 1579 Companies
in the Global Software - Application industry.

( Industry Median: 0.61 vs. FTNT: 0.47 )
Ranked among companies with meaningful Equity to Asset only.
FTNT' s 10-Year Equity to Asset Range
Min: -0.04  Med: 0.48 Max: 0.53
Current: 0.47
-0.04
0.53
Interest Coverage No Debt
FTNT's Interest Coverage is ranked higher than
72% of the 1164 Companies
in the Global Software - Application industry.

( Industry Median: 10000.00 vs. FTNT: No Debt )
Ranked among companies with meaningful Interest Coverage only.
FTNT' s 10-Year Interest Coverage Range
Min: 9999.99  Med: 10000.00 Max: 9999.99
Current: No Debt
F-Score: 7
Z-Score: 6.36
M-Score: -2.99
WACC vs ROIC
11.86%
97.07%
WACC
ROIC
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 (%) 4.51
FTNT's Operating margin (%) is ranked lower than
52% of the 1748 Companies
in the Global Software - Application industry.

( Industry Median: 5.11 vs. FTNT: 4.51 )
Ranked among companies with meaningful Operating margin (%) only.
FTNT' s 10-Year Operating margin (%) Range
Min: -13.89  Med: 10.89 Max: 20.5
Current: 4.51
-13.89
20.5
Net-margin (%) 1.52
FTNT's Net-margin (%) is ranked lower than
59% of the 1748 Companies
in the Global Software - Application industry.

( Industry Median: 3.20 vs. FTNT: 1.52 )
Ranked among companies with meaningful Net-margin (%) only.
FTNT' s 10-Year Net-margin (%) Range
Min: -14.06  Med: 9.86 Max: 23.87
Current: 1.52
-14.06
23.87
ROE (%) 1.93
FTNT's ROE (%) is ranked lower than
61% of the 1703 Companies
in the Global Software - Application industry.

( Industry Median: 6.27 vs. FTNT: 1.93 )
Ranked among companies with meaningful ROE (%) only.
FTNT' s 10-Year ROE (%) Range
Min: 4.02  Med: 18.27 Max: 87.71
Current: 1.93
4.02
87.71
ROA (%) 0.93
FTNT's ROA (%) is ranked lower than
59% of the 1788 Companies
in the Global Software - Application industry.

( Industry Median: 3.29 vs. FTNT: 0.93 )
Ranked among companies with meaningful ROA (%) only.
FTNT' s 10-Year ROA (%) Range
Min: 1.95  Med: 7.82 Max: 20.53
Current: 0.93
1.95
20.53
ROC (Joel Greenblatt) (%) 64.08
FTNT's ROC (Joel Greenblatt) (%) is ranked higher than
66% of the 1761 Companies
in the Global Software - Application industry.

( Industry Median: 24.35 vs. FTNT: 64.08 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FTNT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 124.15  Med: 516.39 Max: 1183.65
Current: 64.08
124.15
1183.65
Revenue Growth (3Y)(%) 19.70
FTNT's Revenue Growth (3Y)(%) is ranked higher than
84% of the 1315 Companies
in the Global Software - Application industry.

( Industry Median: 5.30 vs. FTNT: 19.70 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FTNT' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: 18.50 Max: 20.7
Current: 19.7
0
20.7
EBITDA Growth (3Y)(%) -6.60
FTNT's EBITDA Growth (3Y)(%) is ranked lower than
69% of the 1053 Companies
in the Global Software - Application industry.

( Industry Median: 6.80 vs. FTNT: -6.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FTNT' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 10.10 Max: 51.4
Current: -6.6
0
51.4
EPS Growth (3Y)(%) -26.60
FTNT's EPS Growth (3Y)(%) is ranked lower than
81% of the 975 Companies
in the Global Software - Application industry.

( Industry Median: 6.70 vs. FTNT: -26.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FTNT' s 10-Year EPS Growth (3Y)(%) Range
Min: 0  Med: -4.60 Max: 39.5
Current: -26.6
0
39.5
» FTNT's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

FTNT Guru Trades in Q3 2014

Caxton Associates 10,000 sh (New)
Jim Simons 512,100 sh (+35.94%)
Mario Gabelli 82,200 sh (unchged)
Steven Cohen Sold Out
Manning & Napier Advisors, Inc 3,469,320 sh (-43.24%)
Lee Ainslie 1,193,635 sh (-73.00%)
» More
Q4 2014

FTNT Guru Trades in Q4 2014

RS Investment Management 74,900 sh (New)
Steven Cohen 167,800 sh (New)
Ray Dalio 6,800 sh (New)
Mario Gabelli 82,200 sh (unchged)
Caxton Associates Sold Out
Lee Ainslie Sold Out
Jim Simons 329,200 sh (-35.72%)
Manning & Napier Advisors, Inc 13,430 sh (-99.61%)
» More
Q1 2015

FTNT Guru Trades in Q1 2015

Julian Robertson 43,800 sh (New)
Jim Chanos 156,862 sh (New)
Mario Gabelli 84,100 sh (+2.31%)
RS Investment Management 74,900 sh (unchged)
Jim Simons Sold Out
Ray Dalio Sold Out
Manning & Napier Advisors, Inc Sold Out
Steven Cohen 123,600 sh (-26.34%)
» More
Q2 2015

FTNT Guru Trades in Q2 2015

Paul Tudor Jones 4,900 sh (New)
RS Investment Management 74,900 sh (unchged)
RS Investment Management 74,900 sh (unchged)
Mario Gabelli 76,400 sh (-9.16%)
Julian Robertson 38,300 sh (-12.56%)
Jim Chanos 135,842 sh (-13.40%)
Steven Cohen 39,300 sh (-68.20%)
» 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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Ratios

vs
industry
vs
history
P/E(ttm) 613.70
FTNT's P/E(ttm) is ranked lower than
98% of the 1109 Companies
in the Global Software - Application industry.

( Industry Median: 24.00 vs. FTNT: 613.70 )
Ranked among companies with meaningful P/E(ttm) only.
FTNT' s 10-Year P/E(ttm) Range
Min: 16.8  Med: 64.11 Max: 685.57
Current: 613.7
16.8
685.57
Forward P/E 59.88
FTNT's Forward P/E is ranked lower than
85% of the 528 Companies
in the Global Software - Application industry.

( Industry Median: 19.16 vs. FTNT: 59.88 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 613.70
FTNT's PE(NRI) is ranked lower than
99% of the 1101 Companies
in the Global Software - Application industry.

( Industry Median: 23.80 vs. FTNT: 613.70 )
Ranked among companies with meaningful PE(NRI) only.
FTNT' s 10-Year PE(NRI) Range
Min: 15.38  Med: 63.80 Max: 685.57
Current: 613.7
15.38
685.57
P/B 9.70
FTNT's P/B is ranked lower than
87% of the 1572 Companies
in the Global Software - Application industry.

( Industry Median: 2.63 vs. FTNT: 9.70 )
Ranked among companies with meaningful P/B only.
FTNT' s 10-Year P/B Range
Min: 4.66  Med: 7.88 Max: 14.69
Current: 9.7
4.66
14.69
P/S 8.52
FTNT's P/S is ranked lower than
86% of the 1715 Companies
in the Global Software - Application industry.

( Industry Median: 2.00 vs. FTNT: 8.52 )
Ranked among companies with meaningful P/S only.
FTNT' s 10-Year P/S Range
Min: 2.8  Med: 6.59 Max: 12.14
Current: 8.52
2.8
12.14
PFCF 34.65
FTNT's PFCF is ranked lower than
66% of the 815 Companies
in the Global Software - Application industry.

( Industry Median: 24.41 vs. FTNT: 34.65 )
Ranked among companies with meaningful PFCF only.
FTNT' s 10-Year PFCF Range
Min: 12.07  Med: 26.08 Max: 39.27
Current: 34.65
12.07
39.27
POCF 30.91
FTNT's POCF is ranked lower than
72% of the 1017 Companies
in the Global Software - Application industry.

( Industry Median: 17.74 vs. FTNT: 30.91 )
Ranked among companies with meaningful POCF only.
FTNT' s 10-Year POCF Range
Min: 10.9  Med: 23.20 Max: 34.53
Current: 30.91
10.9
34.53
EV-to-EBIT 165.27
FTNT's EV-to-EBIT is ranked lower than
94% of the 1149 Companies
in the Global Software - Application industry.

( Industry Median: 16.13 vs. FTNT: 165.27 )
Ranked among companies with meaningful EV-to-EBIT only.
FTNT' s 10-Year EV-to-EBIT Range
Min: 25.2  Med: 41.25 Max: 193.4
Current: 165.27
25.2
193.4
PEG 45.13
FTNT's PEG is ranked lower than
98% of the 487 Companies
in the Global Software - Application industry.

( Industry Median: 1.75 vs. FTNT: 45.13 )
Ranked among companies with meaningful PEG only.
FTNT' s 10-Year PEG Range
Min: 1.98  Med: 10.30 Max: 2636.81
Current: 45.13
1.98
2636.81
Shiller P/E 128.01
FTNT's Shiller P/E is ranked lower than
92% of the 699 Companies
in the Global Software - Application industry.

( Industry Median: 28.94 vs. FTNT: 128.01 )
Ranked among companies with meaningful Shiller P/E only.
FTNT' s 10-Year Shiller P/E Range
Min: 56.56  Med: 79.98 Max: 117.82
Current: 128.01
56.56
117.82
Current Ratio 2.11
FTNT's Current Ratio is ranked higher than
51% of the 1625 Companies
in the Global Software - Application industry.

( Industry Median: 2.07 vs. FTNT: 2.11 )
Ranked among companies with meaningful Current Ratio only.
FTNT' s 10-Year Current Ratio Range
Min: 1.19  Med: 1.88 Max: 2.14
Current: 2.11
1.19
2.14
Quick Ratio 1.99
FTNT's Quick Ratio is ranked higher than
51% of the 1625 Companies
in the Global Software - Application industry.

( Industry Median: 1.92 vs. FTNT: 1.99 )
Ranked among companies with meaningful Quick Ratio only.
FTNT' s 10-Year Quick Ratio Range
Min: 1.13  Med: 1.79 Max: 2
Current: 1.99
1.13
2
Days Inventory 88.12
FTNT's Days Inventory is ranked lower than
85% of the 1028 Companies
in the Global Software - Application industry.

( Industry Median: 17.89 vs. FTNT: 88.12 )
Ranked among companies with meaningful Days Inventory only.
FTNT' s 10-Year Days Inventory Range
Min: 46.19  Med: 57.55 Max: 93.34
Current: 88.12
46.19
93.34
Days Sales Outstanding 74.20
FTNT's Days Sales Outstanding is ranked lower than
56% of the 1511 Companies
in the Global Software - Application industry.

( Industry Median: 69.32 vs. FTNT: 74.20 )
Ranked among companies with meaningful Days Sales Outstanding only.
FTNT' s 10-Year Days Sales Outstanding Range
Min: 64.55  Med: 79.17 Max: 87.53
Current: 74.2
64.55
87.53

Valuation & Return

vs
industry
vs
history
Price/Net Cash 390.55
FTNT's Price/Net Cash is ranked lower than
98% of the 526 Companies
in the Global Software - Application industry.

( Industry Median: 10.71 vs. FTNT: 390.55 )
Ranked among companies with meaningful Price/Net Cash only.
FTNT' s 10-Year Price/Net Cash Range
Min: 73.04  Med: 178.57 Max: 375.73
Current: 390.55
73.04
375.73
Price/Net Current Asset Value 21.37
FTNT's Price/Net Current Asset Value is ranked lower than
84% of the 1036 Companies
in the Global Software - Application industry.

( Industry Median: 6.56 vs. FTNT: 21.37 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
FTNT' s 10-Year Price/Net Current Asset Value Range
Min: 12.03  Med: 20.14 Max: 48.24
Current: 21.37
12.03
48.24
Price/Tangible Book 9.74
FTNT's Price/Tangible Book is ranked lower than
76% of the 1327 Companies
in the Global Software - Application industry.

( Industry Median: 4.00 vs. FTNT: 9.74 )
Ranked among companies with meaningful Price/Tangible Book only.
FTNT' s 10-Year Price/Tangible Book Range
Min: 5.1  Med: 8.07 Max: 14.29
Current: 9.74
5.1
14.29
Price/Projected FCF 2.80
FTNT's Price/Projected FCF is ranked lower than
72% of the 823 Companies
in the Global Software - Application industry.

( Industry Median: 1.66 vs. FTNT: 2.80 )
Ranked among companies with meaningful Price/Projected FCF only.
FTNT' s 10-Year Price/Projected FCF Range
Min: 2.17  Med: 2.40 Max: 2.69
Current: 2.8
2.17
2.69
Price/Median PS Value 1.30
FTNT's Price/Median PS Value is ranked lower than
62% of the 1520 Companies
in the Global Software - Application industry.

( Industry Median: 1.11 vs. FTNT: 1.30 )
Ranked among companies with meaningful Price/Median PS Value only.
FTNT' s 10-Year Price/Median PS Value Range
Min: 0.48  Med: 1.03 Max: 1.8
Current: 1.3
0.48
1.8
Price/Graham Number 15.46
FTNT's Price/Graham Number is ranked lower than
97% of the 853 Companies
in the Global Software - Application industry.

( Industry Median: 2.03 vs. FTNT: 15.46 )
Ranked among companies with meaningful Price/Graham Number only.
FTNT' s 10-Year Price/Graham Number Range
Min: 2.32  Med: 4.73 Max: 14.87
Current: 15.46
2.32
14.87
Earnings Yield (Greenblatt) (%) 0.60
FTNT's Earnings Yield (Greenblatt) (%) is ranked lower than
63% of the 1711 Companies
in the Global Software - Application industry.

( Industry Median: 2.80 vs. FTNT: 0.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FTNT' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.5  Med: 2.40 Max: 4
Current: 0.6
0.5
4
Forward Rate of Return (Yacktman) (%) 2.42
FTNT's Forward Rate of Return (Yacktman) (%) is ranked lower than
69% of the 694 Companies
in the Global Software - Application industry.

( Industry Median: 10.48 vs. FTNT: 2.42 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FTNT' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: 2.2  Med: 15.70 Max: 38.7
Current: 2.42
2.2
38.7

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 1,007 1,243 1,424
EPS($) 0.45 0.72 0.89
EPS without NRI($) 0.45 0.72 0.89

Business Description

Industry: Application Software » Software - Application
Compare: » details
Traded in other countries:FO8.Germany,
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.
» More Articles for FTNT

Headlines

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