Fortinet Inc

Market cap: $54,442,258,140

Exchange: NAS

Sector: Electronic Technology

Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security; Infrastructure Security; Cloud Security; and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment include majority of product sales from it FortiGate network security appliances. The Infrastructure Security segment provide platform which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public cloud. Together with it network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution. The Cloud Security segment provides help to the customers connect securely to and across their cloud environments by offering security through it virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment include the proliferation of Internet of Things (?IoT?) and an Operational Technology (?OT?) device has generated new opportunities for it to grow it business. IoT and OT have created an environment where data move freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

Key Statistics

Company Name

Fortinet Inc

Average Volume (10 days)

5,819,385

Average Volume (30 days)

5,516,361

Moving Average (50 days)

$68.18

Moving Average (200 days)

$59.98

Ex-Divided Date

n/a

Dividend Yield

0

P/E Ratio

47.4318

Market Cap

54,442,258,140

Shares Outstanding

763,030,948

52-Week High Split Adjust Only

81.24

52-Week Low Split Adjust Only

44.12

Employee Count

12,904

Beta

1.2959

Next Earnings Date

2024-05-02

TTM Dividend Rate Per Share

0

Price Changes

Past 5 days

0.01%

Past 30 days

0.05%

Past 3 months

0.37%

Past 6 months

0.11%

Past year

0.15%

Past 2 years

0.29%

Past 5 years

3.42%

Max % Change

41.93%

PEER GROUP COMPARATIVE PERFORMANCE

NameTickerPrice/Sales (ttm)Price/Book (ttm)Forward P/EPEG RatioEV/Revenue
Fortinet IncFTNT13.0836.3958.413.0812.37
Peer AvgN/A3.765.4611.73.763.61
Cisco Systems, Inc.CSCO4.565.5416.54.564.32
Intel Corp.INTC2.972.8912.32.973.14
Palo Alto Networks IncPANW8.8735.48n/a8.878.93
HP IncHPQ0.63-11.268.40.630.67
Check Point Software TechnolgiesCHKP7.694.76n/a7.696.79
Juniper Networks IncJNPR1.911.95n/a1.912.00
F5 IncFFIV4.485.5118.14.484.37
Netgear IncNTGR0.881.6411.90.880.61
Adtran Inc.ADTN1.852.5938.11.851.71