Switch to:
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
85% of the 1967 Companies
in the Global Software - Application industry.

( Industry Median: 7.79 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: No Debt Max: No Debt
Current: No Debt
N/A
No Debt
Equity-to-Asset 0.40
FTNT's Equity-to-Asset is ranked lower than
75% of the 1840 Companies
in the Global Software - Application industry.

( Industry Median: 0.60 vs. FTNT: 0.40 )
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: 0.4
-0.04
0.53
Interest Coverage No Debt
FTNT's Interest Coverage is ranked higher than
87% of the 1507 Companies
in the Global Software - Application industry.

( Industry Median: 143.21 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: 8
Altman Z-Score: 4.01
Beneish M-Score: -2.98
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 % 3.91
FTNT's Operating Margin % is ranked lower than
54% of the 1922 Companies
in the Global Software - Application industry.

( Industry Median: 4.93 vs. FTNT: 3.91 )
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: 3.91
-13.89
20.5
Net Margin % 3.06
FTNT's Net Margin % is ranked lower than
52% of the 1922 Companies
in the Global Software - Application industry.

( Industry Median: 3.51 vs. FTNT: 3.06 )
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: 3.06
-14.06
23.87
ROE % 4.97
FTNT's ROE % is ranked lower than
54% of the 1862 Companies
in the Global Software - Application industry.

( Industry Median: 6.49 vs. FTNT: 4.97 )
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: 4.97
1.12
87.71
ROA % 2.00
FTNT's ROA % is ranked lower than
55% of the 1979 Companies
in the Global Software - Application industry.

( Industry Median: 3.05 vs. FTNT: 2.00 )
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: 2
-15.04
20.53
ROC (Joel Greenblatt) % 39.41
FTNT's ROC (Joel Greenblatt) % is ranked higher than
58% of the 1938 Companies
in the Global Software - Application industry.

( Industry Median: 23.08 vs. FTNT: 39.41 )
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: 39.41
-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 1513 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
62% of the 1285 Companies
in the Global Software - Application industry.

( Industry Median: 6.70 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 1188 Companies
in the Global Software - Application industry.

( Industry Median: 6.90 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 30-Y Financials

Financials (Next Earnings Date: 2017-07-27 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Application Software » Software - Application    NAICS: 561621    SIC: 7382
Compare:NAS:PTC, NYSE:TYL, OTCPK:TMICY, OTCPK:MCFUF, NYSE:N, NAS:LOGM, OTCPK:GTOMY, NAS:TEAM, NAS:SPLK, OTCPK:LNNFF, NAS:NUAN, NAS:NATI, NAS:OTEX, NYSE:DATA, NYSE:SHOP, NAS:AKAM, NAS:NICE, NAS:PEGA, NYSE:SQ, NAS:CDK » details
Traded in other countries:FO8.Germany,
Headquarter Location:USA
Fortinet Inc is provides cybersecurity solutions to enterprises, service providers and government organizations. It offers security products and solutions, providing customers with an end-to-end platform and a single source of threat intelligence.

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 164.32
FTNT's PE Ratio is ranked lower than
95% of the 1262 Companies
in the Global Software - Application industry.

( Industry Median: 27.05 vs. FTNT: 164.32 )
Ranked among companies with meaningful PE Ratio only.
FTNT' s PE Ratio Range Over the Past 10 Years
Min: 15.2  Med: 72.71 Max: 1231
Current: 164.32
15.2
1231
Forward PE Ratio 41.84
FTNT's Forward PE Ratio is ranked lower than
77% of the 284 Companies
in the Global Software - Application industry.

( Industry Median: 23.31 vs. FTNT: 41.84 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 164.32
FTNT's PE Ratio without NRI is ranked lower than
95% of the 1259 Companies
in the Global Software - Application industry.

( Industry Median: 27.17 vs. FTNT: 164.32 )
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: 72.71 Max: 1231
Current: 164.32
15.2
1231
Price-to-Owner-Earnings 32.53
FTNT's Price-to-Owner-Earnings is ranked lower than
62% of the 743 Companies
in the Global Software - Application industry.

( Industry Median: 25.49 vs. FTNT: 32.53 )
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: 35.72 Max: 64.3
Current: 32.53
22.14
64.3
PB Ratio 7.41
FTNT's PB Ratio is ranked lower than
80% of the 1798 Companies
in the Global Software - Application industry.

( Industry Median: 3.12 vs. FTNT: 7.41 )
Ranked among companies with meaningful PB Ratio only.
FTNT' s PB Ratio Range Over the Past 10 Years
Min: 4.66  Med: 7.5 Max: 14.68
Current: 7.41
4.66
14.68
PS Ratio 5.03
FTNT's PS Ratio is ranked lower than
72% of the 1825 Companies
in the Global Software - Application industry.

( Industry Median: 2.40 vs. FTNT: 5.03 )
Ranked among companies with meaningful PS Ratio only.
FTNT' s PS Ratio Range Over the Past 10 Years
Min: 2.8  Med: 6.14 Max: 12.13
Current: 5.03
2.8
12.13
Price-to-Free-Cash-Flow 20.61
FTNT's Price-to-Free-Cash-Flow is ranked higher than
62% of the 682 Companies
in the Global Software - Application industry.

( Industry Median: 25.00 vs. FTNT: 20.61 )
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: 12.11  Med: 24.83 Max: 39.24
Current: 20.61
12.11
39.24
Price-to-Operating-Cash-Flow 17.82
FTNT's Price-to-Operating-Cash-Flow is ranked higher than
53% of the 853 Companies
in the Global Software - Application industry.

( Industry Median: 18.87 vs. FTNT: 17.82 )
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: 10.81  Med: 21.81 Max: 34.53
Current: 17.82
10.81
34.53
EV-to-EBIT 104.58
FTNT's EV-to-EBIT is ranked lower than
91% of the 1287 Companies
in the Global Software - Application industry.

( Industry Median: 18.74 vs. FTNT: 104.58 )
Ranked among companies with meaningful EV-to-EBIT only.
FTNT' s EV-to-EBIT Range Over the Past 10 Years
Min: 25.2  Med: 45.85 Max: 1571
Current: 104.58
25.2
1571
EV-to-EBITDA 52.59
FTNT's EV-to-EBITDA is ranked lower than
85% of the 1393 Companies
in the Global Software - Application industry.

( Industry Median: 15.10 vs. FTNT: 52.59 )
Ranked among companies with meaningful EV-to-EBITDA only.
FTNT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 22.3  Med: 40.85 Max: 143.4
Current: 52.59
22.3
143.4
Current Ratio 1.89
FTNT's Current Ratio is ranked lower than
52% of the 1903 Companies
in the Global Software - Application industry.

( Industry Median: 1.96 vs. FTNT: 1.89 )
Ranked among companies with meaningful Current Ratio only.
FTNT' s Current Ratio Range Over the Past 10 Years
Min: 1.19  Med: 1.87 Max: 2.14
Current: 1.89
1.19
2.14
Quick Ratio 1.76
FTNT's Quick Ratio is ranked lower than
52% of the 1903 Companies
in the Global Software - Application industry.

( Industry Median: 1.83 vs. FTNT: 1.76 )
Ranked among companies with meaningful Quick Ratio only.
FTNT' s Quick Ratio Range Over the Past 10 Years
Min: 1.13  Med: 1.78 Max: 2
Current: 1.76
1.13
2
Days Inventory 96.79
FTNT's Days Inventory is ranked lower than
86% of the 1113 Companies
in the Global Software - Application industry.

( Industry Median: 17.25 vs. FTNT: 96.79 )
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: 96.79
46.19
103.05
Days Sales Outstanding 74.05
FTNT's Days Sales Outstanding is ranked lower than
57% of the 1523 Companies
in the Global Software - Application industry.

( Industry Median: 67.19 vs. FTNT: 74.05 )
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: 74.05
64.55
93.87
Days Payable 50.67
FTNT's Days Payable is ranked higher than
57% of the 1363 Companies
in the Global Software - Application industry.

( Industry Median: 43.55 vs. FTNT: 50.67 )
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: 50.67
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 1237 Companies
in the Global Software - Application industry.

( Industry Median: -2.50 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 26.80
FTNT's Price-to-Net-Current-Asset-Value is ranked lower than
86% of the 1208 Companies
in the Global Software - Application industry.

( Industry Median: 7.33 vs. FTNT: 26.80 )
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: 48.24
Current: 26.8
12.04
48.24
Price-to-Tangible-Book 7.70
FTNT's Price-to-Tangible-Book is ranked lower than
67% of the 1495 Companies
in the Global Software - Application industry.

( Industry Median: 4.55 vs. FTNT: 7.70 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
FTNT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.09  Med: 7.82 Max: 14.28
Current: 7.7
5.09
14.28
Price-to-Intrinsic-Value-Projected-FCF 1.93
FTNT's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
52% of the 876 Companies
in the Global Software - Application industry.

( Industry Median: 2.04 vs. FTNT: 1.93 )
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: 1.62  Med: 2.18 Max: 2.69
Current: 1.93
1.62
2.69
Price-to-Median-PS-Value 0.82
FTNT's Price-to-Median-PS-Value is ranked higher than
77% of the 1707 Companies
in the Global Software - Application industry.

( Industry Median: 1.14 vs. FTNT: 0.82 )
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: 1.01 Max: 1.92
Current: 0.82
0.51
1.92
Price-to-Graham-Number 7.50
FTNT's Price-to-Graham-Number is ranked lower than
90% of the 975 Companies
in the Global Software - Application industry.

( Industry Median: 2.36 vs. FTNT: 7.50 )
Ranked among companies with meaningful Price-to-Graham-Number only.
FTNT' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.19  Med: 5.46 Max: 21.22
Current: 7.5
2.19
21.22
Earnings Yield (Greenblatt) % 0.96
FTNT's Earnings Yield (Greenblatt) % is ranked lower than
59% of the 1980 Companies
in the Global Software - Application industry.

( Industry Median: 2.37 vs. FTNT: 0.96 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FTNT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.1  Med: 2.2 Max: 4
Current: 0.96
0.1
4
Forward Rate of Return (Yacktman) % -10.46
FTNT's Forward Rate of Return (Yacktman) % is ranked lower than
86% of the 802 Companies
in the Global Software - Application industry.

( Industry Median: 10.73 vs. FTNT: -10.46 )
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: -14.3  Med: 3.5 Max: 31.4
Current: -10.46
-14.3
31.4

More Statistics

Revenue (TTM) (Mil) $1,331.44
EPS (TTM) $ 0.23
Beta0.89
Short Percentage of Float3.79%
52-Week Range $28.51 - 41.33
Shares Outstanding (Mil)175.76

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,487 1,707 1,915
EPS ($) 0.92 1.13 1.28
EPS without NRI ($) 0.92 1.13 1.28
EPS Growth Rate
(Future 3Y To 5Y Estimate)
24.40%
Dividends per Share ($)
» More Articles for FTNT

Headlines

Articles On GuruFocus.com
Norsat Securityholders Approve Plan of Arrangement with Hytera Communications Co., Ltd. Jun 23 2017 
Eton Pharmaceuticals Names Sean Brynjelsen Chief Executive Officer and Director Jun 23 2017 
Tech Data Announces New Leadership Team for Canadian Operations Jun 23 2017 
Cardiome Pharma Corp. Announces Voting Results Jun 23 2017 
IBM VP & Chief Health Informatics Officer Dr. Anil K. Jain Appointed to the Health Information Techn Jun 23 2017 
BARDA Gives Notice of Intent to Exercise First Contract Option to Further Fund MediWound’s Nexo Jun 23 2017 
Ultragenyx Provides Regulatory Update on Burosumab (KRN23) Jun 23 2017 
MGX Minerals Appoints Patrick Avery Director of Business Development for Utah Petrolithium Project Jun 23 2017 
Daniel Eichhorn Named President and COO of PSEG Long Island Jun 23 2017 
Welltower Announces Date of Second Quarter 2017 Earnings Release, Conference Call and Webcast Jun 23 2017 

More From Other Websites
Ignore Palo Alto Networks Inc: Here Are 3 Better Stocks Jun 16 2017
ETFs with exposure to Fortinet, Inc. : June 12, 2017 Jun 12 2017
Short Sellers Back Off Cybersecurity Stocks Jun 12 2017
Fortinet, Inc. breached its 50 day moving average in a Bearish Manner : FTNT-US : June 12, 2017 Jun 12 2017
Ransomware-as-a-service schemes are now targeting Macs too Jun 12 2017
The Zacks Analyst Blog Highlights: Alphabet, DXC Technology, Fortinet and xG Technology Jun 06 2017
Fortinet Threat Landscape Report Reveals Visibility and Control of Distributed Infrastructures Have... Jun 06 2017
SentinelOne Joins Fortinet Fabric-Ready Program to Integrate Advanced Endpoint Protection with the... Jun 05 2017
Cybersecurity: Palo Alto Networks's Big Surge Jun 01 2017
Invest in These 5 Cybersecurity Stocks for Better Returns May 31 2017
The Zacks Analyst Blog Highlights: Coherent, Applied Materials, Fortinet, Microchip Technology and... May 31 2017
ETFs with exposure to Fortinet, Inc. : May 30, 2017 May 30 2017
Fortinet Appoints Peter Cohen to its Board of Directors May 30 2017
Fortinet, Inc. :FTNT-US: Earnings Analysis: Q1, 2017 By the Numbers : May 29, 2017 May 29 2017
Short Sellers Can’t Make Up Their Minds on Cybersecurity Stocks May 25 2017
What Analysts Are Recommending for Cisco Stock May 25 2017
Others Overlooked Fortinet (FTNT), Should You Buy It Now? May 25 2017
Cisco’s EV-to-EBITDA Multiple Compared to Its Peers May 25 2017
Here’s What Caused the Sudden Surge in Cybersecurity Stocks May 23 2017
Cisco's Decline, Weak Guidance Doesn't Bode Well for Other Networking Companies May 18 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}