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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
82% of the 1806 Companies
in the Global Software - Application industry.

( Industry Median: 8.17 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: 10000.00 Max: No Debt
Current: No Debt

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N/A
No Debt
Equity to Asset 0.42
FTNT's Equity to Asset is ranked lower than
76% of the 1719 Companies
in the Global Software - Application industry.

( Industry Median: 0.61 vs. FTNT: 0.42 )
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: 0.42
-0.04
0.53
Interest Coverage No Debt
FTNT's Interest Coverage is ranked higher than
76% of the 1173 Companies
in the Global Software - Application industry.

( Industry Median: 613.26 vs. FTNT: No Debt )
Ranked among companies with meaningful Interest Coverage only.
FTNT' s Interest Coverage Range Over the Past 10 Years
Min: 9999.99  Med: 10000.00 Max: 9999.99
Current: No Debt
F-Score: 7
Z-Score: 4.34
M-Score: -2.84
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 (%) 1.47
FTNT's Operating margin (%) is ranked lower than
62% of the 1762 Companies
in the Global Software - Application industry.

( Industry Median: 4.75 vs. FTNT: 1.47 )
Ranked among companies with meaningful Operating margin (%) only.
FTNT' s Operating margin (%) Range Over the Past 10 Years
Min: -13.89  Med: 10.89 Max: 20.5
Current: 1.47
-13.89
20.5
Net-margin (%) 0.79
FTNT's Net-margin (%) is ranked lower than
62% of the 1763 Companies
in the Global Software - Application industry.

( Industry Median: 3.38 vs. FTNT: 0.79 )
Ranked among companies with meaningful Net-margin (%) only.
FTNT' s Net-margin (%) Range Over the Past 10 Years
Min: -14.06  Med: 9.86 Max: 23.87
Current: 0.79
-14.06
23.87
ROE (%) 1.08
FTNT's ROE (%) is ranked lower than
63% of the 1707 Companies
in the Global Software - Application industry.

( Industry Median: 5.90 vs. FTNT: 1.08 )
Ranked among companies with meaningful ROE (%) only.
FTNT' s ROE (%) Range Over the Past 10 Years
Min: 4.02  Med: 18.27 Max: 87.71
Current: 1.08
4.02
87.71
ROA (%) 0.50
FTNT's ROA (%) is ranked lower than
61% of the 1810 Companies
in the Global Software - Application industry.

( Industry Median: 3.01 vs. FTNT: 0.50 )
Ranked among companies with meaningful ROA (%) only.
FTNT' s ROA (%) Range Over the Past 10 Years
Min: 1.95  Med: 7.82 Max: 20.53
Current: 0.5
1.95
20.53
ROC (Joel Greenblatt) (%) 20.20
FTNT's ROC (Joel Greenblatt) (%) is ranked lower than
52% of the 1778 Companies
in the Global Software - Application industry.

( Industry Median: 22.73 vs. FTNT: 20.20 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FTNT' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 124.15  Med: 516.39 Max: 1183.65
Current: 20.2
124.15
1183.65
Revenue Growth (3Y)(%) 19.70
FTNT's Revenue Growth (3Y)(%) is ranked higher than
84% of the 1367 Companies
in the Global Software - Application industry.

( Industry Median: 4.90 vs. FTNT: 19.70 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FTNT' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
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
70% of the 1109 Companies
in the Global Software - Application industry.

( Industry Median: 6.90 vs. FTNT: -6.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FTNT' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 10.10 Max: 51.4
Current: -6.6
0
51.4
EPS Growth (3Y)(%) -26.80
FTNT's EPS Growth (3Y)(%) is ranked lower than
82% of the 1027 Companies
in the Global Software - Application industry.

( Industry Median: 5.80 vs. FTNT: -26.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FTNT' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -4.50 Max: 40.4
Current: -26.8
0
40.4
» FTNT's 10-Y Financials

Financials


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

» Details

Guru Trades

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)
Ray Dalio Sold Out
Jim Simons 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)
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
Q3 2015

FTNT Guru Trades in Q3 2015

Joel Greenblatt 6,878 sh (New)
Jim Simons 62,800 sh (New)
Paul Tudor Jones 7,500 sh (+53.06%)
Jim Chanos 146,000 sh (+7.48%)
Jim Chanos 1,600 sh (unchged)
RS Investment Management Sold Out
Julian Robertson Sold Out
Mario Gabelli 72,300 sh (-5.37%)
Steven Cohen 34,500 sh (-12.21%)
» More
Q4 2015

FTNT Guru Trades in Q4 2015

John Hussman 100,000 sh (New)
Ken Fisher 9,325 sh (New)
Mario Gabelli 74,800 sh (+3.46%)
» 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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» Interactive Charts

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Ratios

vs
industry
vs
history
P/E(ttm) 238.40
FTNT's P/E(ttm) is ranked lower than
96% of the 1689 Companies
in the Global Software - Application industry.

( Industry Median: 23.30 vs. FTNT: 238.40 )
Ranked among companies with meaningful P/E(ttm) only.
FTNT' s P/E(ttm) Range Over the Past 10 Years
Min: 16.81  Med: 65.38 Max: 685.57
Current: 238.4
16.81
685.57
Forward P/E 29.15
FTNT's Forward P/E is ranked lower than
80% of the 932 Companies
in the Global Software - Application industry.

( Industry Median: 16.56 vs. FTNT: 29.15 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 238.40
FTNT's PE(NRI) is ranked lower than
96% of the 1266 Companies
in the Global Software - Application industry.

( Industry Median: 24.20 vs. FTNT: 238.40 )
Ranked among companies with meaningful PE(NRI) only.
FTNT' s PE(NRI) Range Over the Past 10 Years
Min: 15.39  Med: 65.11 Max: 685.57
Current: 238.4
15.39
685.57
P/B 5.44
FTNT's P/B is ranked lower than
82% of the 2326 Companies
in the Global Software - Application industry.

( Industry Median: 2.57 vs. FTNT: 5.44 )
Ranked among companies with meaningful P/B only.
FTNT' s P/B Range Over the Past 10 Years
Min: 4.66  Med: 7.72 Max: 14.69
Current: 5.44
4.66
14.69
P/S 4.45
FTNT's P/S is ranked lower than
84% of the 2326 Companies
in the Global Software - Application industry.

( Industry Median: 1.64 vs. FTNT: 4.45 )
Ranked among companies with meaningful P/S only.
FTNT' s P/S Range Over the Past 10 Years
Min: 2.8  Med: 6.57 Max: 12.14
Current: 4.45
2.8
12.14
PFCF 19.37
FTNT's PFCF is ranked higher than
57% of the 1263 Companies
in the Global Software - Application industry.

( Industry Median: 21.65 vs. FTNT: 19.37 )
Ranked among companies with meaningful PFCF only.
FTNT' s PFCF Range Over the Past 10 Years
Min: 12.08  Med: 26.32 Max: 39.27
Current: 19.37
12.08
39.27
POCF 16.67
FTNT's POCF is ranked lower than
53% of the 1557 Companies
in the Global Software - Application industry.

( Industry Median: 15.97 vs. FTNT: 16.67 )
Ranked among companies with meaningful POCF only.
FTNT' s POCF Range Over the Past 10 Years
Min: 10.9  Med: 23.40 Max: 34.53
Current: 16.67
10.9
34.53
EV-to-EBIT 146.52
FTNT's EV-to-EBIT is ranked lower than
95% of the 1767 Companies
in the Global Software - Application industry.

( Industry Median: 16.73 vs. FTNT: 146.52 )
Ranked among companies with meaningful EV-to-EBIT only.
FTNT' s EV-to-EBIT Range Over the Past 10 Years
Min: 25.2  Med: 42.80 Max: 324.6
Current: 146.52
25.2
324.6
EV-to-EBITDA 64.69
FTNT's EV-to-EBITDA is ranked lower than
91% of the 1909 Companies
in the Global Software - Application industry.

( Industry Median: 12.32 vs. FTNT: 64.69 )
Ranked among companies with meaningful EV-to-EBITDA only.
FTNT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 22.3  Med: 37.30 Max: 143.4
Current: 64.69
22.3
143.4
PEG 18.46
FTNT's PEG is ranked lower than
94% of the 530 Companies
in the Global Software - Application industry.

( Industry Median: 1.78 vs. FTNT: 18.46 )
Ranked among companies with meaningful PEG only.
FTNT' s PEG Range Over the Past 10 Years
Min: 1.98  Med: 9.14 Max: 203.43
Current: 18.46
1.98
203.43
Current Ratio 2.08
FTNT's Current Ratio is ranked higher than
53% of the 1733 Companies
in the Global Software - Application industry.

( Industry Median: 1.97 vs. FTNT: 2.08 )
Ranked among companies with meaningful Current Ratio only.
FTNT' s Current Ratio Range Over the Past 10 Years
Min: 1.19  Med: 1.89 Max: 2.14
Current: 2.08
1.19
2.14
Quick Ratio 1.94
FTNT's Quick Ratio is ranked higher than
53% of the 1733 Companies
in the Global Software - Application industry.

( Industry Median: 1.88 vs. FTNT: 1.94 )
Ranked among companies with meaningful Quick Ratio only.
FTNT' s Quick Ratio Range Over the Past 10 Years
Min: 1.13  Med: 1.79 Max: 2
Current: 1.94
1.13
2
Days Inventory 95.43
FTNT's Days Inventory is ranked lower than
85% of the 1027 Companies
in the Global Software - Application industry.

( Industry Median: 17.93 vs. FTNT: 95.43 )
Ranked among companies with meaningful Days Inventory only.
FTNT' s Days Inventory Range Over the Past 10 Years
Min: 46.19  Med: 57.55 Max: 93.34
Current: 95.43
46.19
93.34
Days Sales Outstanding 93.87
FTNT's Days Sales Outstanding is ranked lower than
69% of the 1430 Companies
in the Global Software - Application industry.

( Industry Median: 70.48 vs. FTNT: 93.87 )
Ranked among companies with meaningful Days Sales Outstanding only.
FTNT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.55  Med: 79.17 Max: 87.53
Current: 93.87
64.55
87.53
Days Payable 78.28
FTNT's Days Payable is ranked higher than
72% of the 1290 Companies
in the Global Software - Application industry.

( Industry Median: 44.10 vs. FTNT: 78.28 )
Ranked among companies with meaningful Days Payable only.
FTNT' s Days Payable Range Over the Past 10 Years
Min: 39.05  Med: 55.99 Max: 78.92
Current: 78.28
39.05
78.92

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 17.40
FTNT's Price/Net Current Asset Value is ranked lower than
78% of the 1536 Companies
in the Global Software - Application industry.

( Industry Median: 6.37 vs. FTNT: 17.40 )
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: 20.41 Max: 48.24
Current: 17.4
12.04
48.24
Price/Tangible Book 5.61
FTNT's Price/Tangible Book is ranked lower than
62% of the 1831 Companies
in the Global Software - Application industry.

( Industry Median: 3.89 vs. FTNT: 5.61 )
Ranked among companies with meaningful Price/Tangible Book only.
FTNT' s Price/Tangible Book Range Over the Past 10 Years
Min: 5.1  Med: 8.12 Max: 14.29
Current: 5.61
5.1
14.29
Price/Projected FCF 1.49
FTNT's Price/Projected FCF is ranked higher than
51% of the 1261 Companies
in the Global Software - Application industry.

( Industry Median: 1.54 vs. FTNT: 1.49 )
Ranked among companies with meaningful Price/Projected FCF only.
FTNT' s Price/Projected FCF Range Over the Past 10 Years
Min: 2.18  Med: 2.48 Max: 2.69
Current: 1.49
2.18
2.69
Price/Median PS Value 0.68
FTNT's Price/Median PS Value is ranked higher than
79% of the 2146 Companies
in the Global Software - Application industry.

( Industry Median: 1.04 vs. FTNT: 0.68 )
Ranked among companies with meaningful Price/Median PS Value only.
FTNT' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.48  Med: 1.04 Max: 1.8
Current: 0.68
0.48
1.8
Price/Graham Number 9.93
FTNT's Price/Graham Number is ranked lower than
94% of the 1540 Companies
in the Global Software - Application industry.

( Industry Median: 8.17 vs. FTNT: 9.93 )
Ranked among companies with meaningful Price/Graham Number only.
FTNT' s Price/Graham Number Range Over the Past 10 Years
Min: 2.28  Med: 4.88 Max: 15.71
Current: 9.93
2.28
15.71
Earnings Yield (Greenblatt) (%) 0.62
FTNT's Earnings Yield (Greenblatt) (%) is ranked lower than
63% of the 1745 Companies
in the Global Software - Application industry.

( Industry Median: 2.60 vs. FTNT: 0.62 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FTNT' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.3  Med: 2.30 Max: 4
Current: 0.62
0.3
4
Forward Rate of Return (Yacktman) (%) 1.11
FTNT's Forward Rate of Return (Yacktman) (%) is ranked lower than
70% of the 701 Companies
in the Global Software - Application industry.

( Industry Median: 10.48 vs. FTNT: 1.11 )
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: -0.6  Med: 14.50 Max: 38.7
Current: 1.11
-0.6
38.7

More Statistics

Revenue(Mil) $1009
EPS $ 0.10
Beta0.66
Short Percentage of Float7.19%
52-Week Range $23.41 - 50.31
Shares Outstanding(Mil)172.26

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 1,266 1,481 1,674
EPS($) 0.67 0.82 0.97
EPS without NRI($) 0.67 0.82 0.97

Latest Earnings Webcast

» More Conference Calls

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
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CyberArk A Great Buy In The Software Sector May 14 2015 
Fortinet Key Metrics Top Expectations, Lam Research Extends Outperformance Trajectory Apr 21 2015 
These Companies Will Help Investors Benefit From Growing Demand for Cyber Security Aug 26 2014 
Baron Funds Comments on Fortinet Inc. Aug 09 2013 
Second Quarter Technology Trading - Active Software, Internet Aug 05 2013 

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Fortinet Misses Q4 Earnings; Shares Jump on Revenue Beat Jan 29 2016
Edited Transcript of FTNT earnings conference call or presentation 28-Jan-16 9:30pm GMT Jan 29 2016
Edited Transcript of FTNT earnings conference call or presentation 28-Jan-16 11:30pm GMT Jan 29 2016
[$$] Fortinet Reports Strong Revenue Even as It Swings to a Loss Jan 28 2016
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Fortinet Announces New $200 Million Share Repurchase Program Jan 28 2016
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Fortinet reports 4Q loss Jan 28 2016
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FORTINET INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements... Jan 28 2016

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