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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
80% of the 2067 Companies
in the Global Software - Application industry.

( Industry Median: 4.91 vs. FTNT: No Debt )
FTNT' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt

Equity to Asset 0.50
FTNT's Equity to Asset is ranked higher than
59% of the 1993 Companies
in the Global Software - Application industry.

( Industry Median: 0.60 vs. FTNT: 0.50 )
FTNT' s 10-Year Equity to Asset Range
Min: -0.04   Max: 0.53
Current: 0.5

-0.04
0.53
Interest Coverage No Debt
FTNT's Interest Coverage is ranked higher than
87% of the 1316 Companies
in the Global Software - Application industry.

( Industry Median: 858.90 vs. FTNT: No Debt )
FTNT' s 10-Year Interest Coverage Range
Min: 9999.99   Max: 9999.99
Current: No Debt

F-Score: 5
Z-Score: 6.02
M-Score: -3.07
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 (%) 8.85
FTNT's Operating margin (%) is ranked higher than
80% of the 2050 Companies
in the Global Software - Application industry.

( Industry Median: 5.48 vs. FTNT: 8.85 )
FTNT' s 10-Year Operating margin (%) Range
Min: -13.89   Max: 20.5
Current: 8.85

-13.89
20.5
Net-margin (%) 4.22
FTNT's Net-margin (%) is ranked higher than
72% of the 2050 Companies
in the Global Software - Application industry.

( Industry Median: 3.80 vs. FTNT: 4.22 )
FTNT' s 10-Year Net-margin (%) Range
Min: -14.06   Max: 23.87
Current: 4.22

-14.06
23.87
ROE (%) 4.97
FTNT's ROE (%) is ranked higher than
67% of the 1993 Companies
in the Global Software - Application industry.

( Industry Median: 7.06 vs. FTNT: 4.97 )
FTNT' s 10-Year ROE (%) Range
Min: 8.07   Max: 87.71
Current: 4.97

8.07
87.71
ROA (%) 2.51
FTNT's ROA (%) is ranked higher than
67% of the 2075 Companies
in the Global Software - Application industry.

( Industry Median: 3.76 vs. FTNT: 2.51 )
FTNT' s 10-Year ROA (%) Range
Min: 4.13   Max: 20.53
Current: 2.51

4.13
20.53
ROC (Joel Greenblatt) (%) 142.58
FTNT's ROC (Joel Greenblatt) (%) is ranked higher than
89% of the 2055 Companies
in the Global Software - Application industry.

( Industry Median: 29.03 vs. FTNT: 142.58 )
FTNT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 231.47   Max: 1183.65
Current: 142.58

231.47
1183.65
Revenue Growth (3Y)(%) 20.70
FTNT's Revenue Growth (3Y)(%) is ranked higher than
91% of the 1614 Companies
in the Global Software - Application industry.

( Industry Median: 6.10 vs. FTNT: 20.70 )
FTNT' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 20.7
Current: 20.7

0
20.7
EBITDA Growth (3Y)(%) 10.10
FTNT's EBITDA Growth (3Y)(%) is ranked higher than
75% of the 1326 Companies
in the Global Software - Application industry.

( Industry Median: 7.70 vs. FTNT: 10.10 )
FTNT' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 51.4
Current: 10.1

0
51.4
» FTNT's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2013

FTNT Guru Trades in Q4 2013

Jim Simons 319,226 sh (New)
Joel Greenblatt 41,161 sh (New)
Mario Gabelli 15,000 sh (New)
Paul Tudor Jones 28,437 sh (New)
Manning & Napier Advisors, Inc 5,640,712 sh (+43.59%)
Lee Ainslie 10,861,056 sh (+35.8%)
RS Investment Management 118,273 sh (+25.33%)
Ron Baron Sold Out
Steven Cohen 78,146 sh (-89.64%)
» More
Q1 2014

FTNT Guru Trades in Q1 2014

Mario Gabelli 45,000 sh (+200%)
Joel Greenblatt Sold Out
Jim Simons Sold Out
Paul Tudor Jones Sold Out
RS Investment Management Sold Out
Lee Ainslie 8,796,192 sh (-19.01%)
Steven Cohen 54,127 sh (-30.74%)
Manning & Napier Advisors, Inc 3,808,573 sh (-32.48%)
» More
Q2 2014

FTNT Guru Trades in Q2 2014

Jim Simons 376,700 sh (New)
Mario Gabelli 82,200 sh (+82.67%)
Manning & Napier Advisors, Inc 6,112,527 sh (+60.49%)
Steven Cohen 28,600 sh (unchged)
Lee Ainslie 4,421,052 sh (-49.74%)
» More
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%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2014-09-30 Reduce -73%1.17%$23.69 - $26.775 $ 31.9326%1193635
Lee Ainslie 2014-06-30 Reduce -49.74%1.34%$20.36 - $24.73 $ 31.9343%4421052
Mario Gabelli 2014-06-30 Add 82.67%$20.36 - $24.73 $ 31.9343%82200
Lee Ainslie 2014-03-31 Reduce -19.01%0.51%$18.9 - $23.86 $ 31.9347%8796192
Joel Greenblatt 2014-03-31 Sold Out 0.02%$18.9 - $23.86 $ 31.9347%0
Mario Gabelli 2014-03-31 Add 200%$18.9 - $23.86 $ 31.9347%45000
Lee Ainslie 2013-12-31 Add 35.8%0.71%$16.76 - $21.98 $ 31.9364%10861056
Joel Greenblatt 2013-12-31 New Buy0.02%$16.76 - $21.98 $ 31.9364%41161
Ron Baron 2013-12-31 Sold Out 0.02%$16.76 - $21.98 $ 31.9364%0
Mario Gabelli 2013-12-31 New Buy$16.76 - $21.98 $ 31.9364%15000
Lee Ainslie 2013-09-30 Reduce -32.94%0.92%$17.34 - $21.43 $ 31.9357%7997621
Ron Baron 2013-09-30 Reduce -43.45%0.01%$17.34 - $21.43 $ 31.9357%170500
Lee Ainslie 2013-06-30 Add 465.27%2.3%$16.53 - $22.98 $ 31.9371%11925970
John Burbank 2013-06-30 Sold Out 0.12%$16.53 - $22.98 $ 31.9371%0
Lee Ainslie 2013-03-31 New Buy0.65%$19.06 - $25 $ 31.9342%2109798
John Burbank 2013-03-31 New Buy0.12%$19.06 - $25 $ 31.9342%124861
Ron Baron 2013-03-31 New Buy0.03%$19.06 - $25 $ 31.9342%257970
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Fortinet Inc

Baron Funds Comments on Fortinet Inc. - Aug 09, 2013

Fortinet, Inc. (FTNT) is a leading provider of network security solutions to service providers and enterprises. Like many other IT vendors with exposure to service providers, Fortinet missed its own first quarter guidance and the stock gave back all of its beginning-of-the-year gains. We continue to see security as a top priority for business executives, as threats are becoming more pervasive and more complex. We believe Fortinet's differentiated solutions will gain share and that is growth rates will re-accelerate. (Gilad Shany)

From Baron Funds
second quarter 2013 commentary .
Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 176.40
FTNT's P/E(ttm) is ranked higher than
66% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 60.00 vs. FTNT: 176.40 )
FTNT' s 10-Year P/E(ttm) Range
Min: 16.8   Max: 176.41
Current: 176.4

16.8
176.41
Forward P/E 42.55
FTNT's Forward P/E is ranked higher than
81% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 42.55 )
N/A
PE(NRI) 177.40
FTNT's PE(NRI) is ranked higher than
67% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 66.10 vs. FTNT: 177.40 )
FTNT' s 10-Year PE(NRI) Range
Min: 15.38   Max: 177.39
Current: 177.4

15.38
177.39
P/B 8.10
FTNT's P/B is ranked higher than
55% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 3.50 vs. FTNT: 8.10 )
FTNT' s 10-Year P/B Range
Min: 4.66   Max: 14.69
Current: 8.1

4.66
14.69
P/S 7.46
FTNT's P/S is ranked higher than
55% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 2.71 vs. FTNT: 7.46 )
FTNT' s 10-Year P/S Range
Min: 2.8   Max: 12.14
Current: 7.46

2.8
12.14
PFCF 31.30
FTNT's PFCF is ranked higher than
80% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 100.95 vs. FTNT: 31.30 )
FTNT' s 10-Year PFCF Range
Min: 12.07   Max: 34.68
Current: 31.3

12.07
34.68
POCF 25.96
FTNT's POCF is ranked higher than
73% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 28.38 vs. FTNT: 25.96 )
FTNT' s 10-Year POCF Range
Min: 10.9   Max: 33.07
Current: 25.96

10.9
33.07
EV-to-EBIT 71.87
FTNT's EV-to-EBIT is ranked higher than
67% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 36.31 vs. FTNT: 71.87 )
FTNT' s 10-Year EV-to-EBIT Range
Min: 25.2   Max: 74.3
Current: 71.87

25.2
74.3
PEG 7.65
FTNT's PEG is ranked higher than
85% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 7.65 )
FTNT' s 10-Year PEG Range
Min: 1.98   Max: 12.46
Current: 7.65

1.98
12.46
Shiller P/E 95.94
FTNT's Shiller P/E is ranked higher than
79% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 95.94 )
FTNT' s 10-Year Shiller P/E Range
Min: 58.17   Max: 96.76
Current: 95.94

58.17
96.76
Current Ratio 2.06
FTNT's Current Ratio is ranked higher than
70% of the 2032 Companies
in the Global Software - Application industry.

( Industry Median: 1.90 vs. FTNT: 2.06 )
FTNT' s 10-Year Current Ratio Range
Min: 1.19   Max: 2.06
Current: 2.06

1.19
2.06
Quick Ratio 1.95
FTNT's Quick Ratio is ranked higher than
71% of the 2032 Companies
in the Global Software - Application industry.

( Industry Median: 1.77 vs. FTNT: 1.95 )
FTNT' s 10-Year Quick Ratio Range
Min: 1.13   Max: 1.97
Current: 1.95

1.13
1.97
Days Inventory 78.91
FTNT's Days Inventory is ranked higher than
71% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 164.49 vs. FTNT: 78.91 )
FTNT' s 10-Year Days Inventory Range
Min: 46.19   Max: 70.91
Current: 78.91

46.19
70.91
Days Sales Outstanding 58.69
FTNT's Days Sales Outstanding is ranked higher than
82% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 81.01 vs. FTNT: 58.69 )
FTNT' s 10-Year Days Sales Outstanding Range
Min: 64.55   Max: 81.31
Current: 58.69

64.55
81.31

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 47.66
FTNT's Price/Net Current Asset Value is ranked higher than
77% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 47.66 )
FTNT' s 10-Year Price/Net Current Asset Value Range
Min: 19.1   Max: 185.54
Current: 47.66

19.1
185.54
Price/Tangible Book 8.19
FTNT's Price/Tangible Book is ranked higher than
67% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 8.82 vs. FTNT: 8.19 )
FTNT' s 10-Year Price/Tangible Book Range
Min: 5.1   Max: 14.29
Current: 8.19

5.1
14.29
Price/DCF (Projected) 3.22
FTNT's Price/DCF (Projected) is ranked higher than
77% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 8.97 vs. FTNT: 3.22 )
FTNT' s 10-Year Price/DCF (Projected) Range
Min: 2.17   Max: 2.66
Current: 3.22

2.17
2.66
Price/Median PS Value 1.18
FTNT's Price/Median PS Value is ranked higher than
71% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 1.20 vs. FTNT: 1.18 )
FTNT' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.87
Current: 1.18

0.5
1.87
Price/Peter Lynch Fair Value 12.47
FTNT's Price/Peter Lynch Fair Value is ranked higher than
87% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 12.47 )
FTNT' s 10-Year Price/Peter Lynch Fair Value Range
Min: 2.94   Max: 9.87
Current: 12.47

2.94
9.87
Price/Graham Number 7.92
FTNT's Price/Graham Number is ranked higher than
72% of the 2289 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. FTNT: 7.92 )
FTNT' s 10-Year Price/Graham Number Range
Min: 2.32   Max: 6.69
Current: 7.92

2.32
6.69
Earnings Yield (Greenblatt) 1.40
FTNT's Earnings Yield (Greenblatt) is ranked higher than
64% of the 2051 Companies
in the Global Software - Application industry.

( Industry Median: 3.70 vs. FTNT: 1.40 )
FTNT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.3   Max: 4
Current: 1.4

1.3
4
Forward Rate of Return (Yacktman) 16.80
FTNT's Forward Rate of Return (Yacktman) is ranked higher than
80% of the 1055 Companies
in the Global Software - Application industry.

( Industry Median: 13.27 vs. FTNT: 16.80 )
FTNT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 3.3   Max: 38.7
Current: 16.8

3.3
38.7

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

Articles On GuruFocus.com
NSS Labs Releases New Intrusion Prevention Systems (IPS) Research Jan 07 2015 
Fortinet Announces On-Demand, Pay-As-You-Go Data Center Firewall for Amazon Web Services (AWS) Dec 18 2014 
RAD Adds Fortinet's Virtual Solutions to Its Distributed Network Functions Virtualization Alliance O Dec 15 2014 
Fortinet Launches New Rugged, Industrial-Grade Devices to Connect and Secure Critical Infrastructure Dec 09 2014 
Cyber Threats to Increase in Scope and Complexity in the New Year as Black Hat Hackers Become More S Dec 03 2014 
Fortinet Announces HP AllianceOne Program Membership With HP Networking Specialization Dec 02 2014 
Buyers Beware: Fortinet Warns Black Friday & Cyber Monday Shoppers of Potential Threats and Provides Nov 24 2014 
Fortinet Joins Equinix Cloud Exchange to Offer Large Organizations Fast and Flexible Access to the M Nov 19 2014 
Telefonica Global Technology Selects Fortinet to Secure Its Largest Consolidated Data Center in Euro Nov 18 2014 
Fortinet Announces Participation in Upcoming Investment Conferences Nov 10 2014 

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