Company Quick10K Filing
Fortinet
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-26
10-Q 2019-09-30 Filed 2019-10-31
10-Q 2019-06-30 Filed 2019-08-01
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-02-27
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-02-26
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-02
10-Q 2017-03-31 Filed 2017-05-03
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-11-09
10-Q 2015-06-30 Filed 2015-08-04
10-Q 2015-03-31 Filed 2015-05-01
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-06
10-Q 2014-06-30 Filed 2014-08-05
10-Q 2014-03-31 Filed 2014-05-07
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-05
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-02-27
10-Q 2012-09-30 Filed 2012-10-30
10-Q 2012-06-30 Filed 2012-08-08
10-Q 2012-03-31 Filed 2012-05-07
10-K 2011-12-31 Filed 2012-02-28
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-04
10-Q 2011-03-31 Filed 2011-05-05
10-K 2010-12-31 Filed 2011-02-25
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-13
10-K 2009-12-31 Filed 2010-03-05
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-04-17 Amend Bylaw, Exhibits
8-K 2020-02-26 Officers, Exhibits
8-K 2020-02-06 Earnings, Exhibits
8-K 2019-12-12 Other Events
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-10-28 Other Events
8-K 2019-10-18 Officers, Exhibits
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-06-21 Shareholder Vote
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-02-06 Earnings, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-10-23 Other Events
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-06-22 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-06-04 Other Events
8-K 2018-05-03 Earnings, Officers, Exhibits
8-K 2018-02-02 Earnings, Officers, Exhibits

Fortinet Financials

FTNT Metrics, Comps, Filings

Quarterly | Annual

Business

Fortinet is a global leader in cybersecurity solutions provided to a wide variety of businesses, such as enterprises, communication service providers and small businesses. Our cybersecurity solutions are designed to provide broad visibility and segmentation of the digital attack surface through our integrated Security Fabric platform, which features automated protection, detection and responses.

-Network Security-We derive a majority of product sales from our FortiGate network security appliances. Our FortiGate network security appliances include a broad set of built-in security and networking features and functionalities, including firewall, software-defined wide-area network ("SD-WAN"), secure sockets layer ("SSL") data leak prevention, virtual private network ("VPN"), switch and wireless controller and wide area network ("WAN") acceleration. Our network security appliances include our FortiOS operating system, which provides the foundation for FortiGate security functions, and FortiASIC integrated circuit, which is designed to accelerate the processing of security and networking functions. Our customers may also purchase FortiGuard subscription services to receive threat intelligence updates. We provide standard technical support across all of our products through our FortiCare support services. We also offer services to end-customers including Technical Account Managers ("TAMs"), Resident Engineers ("REs") and professional service consultants for implementations, as well as training services to our end-customers and channel partners.

-Fortinet Security Fabric-The Fortinet Security Fabric platform 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 our network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Palo Alto Networks (PANW) 19,827 72% 155.6 -2% 6,825 5,308 3,016 2,173 -103 119 18,559
Take Two (TTWO) 14,000 51% 29.4 7% 4,880 2,478 2,867 1,462 339 433 12,716
Twilio (TWLO) 13,962 54% -44.4 -6% 5,151 590 1,134 609 -307 -283 12,567
Fortinet (FTNT) 13,793 76% 42.4 6% 3,546 2,345 1,542 1,176 211 297 12,617
Weibo (WB) 13,691 0% 3,275 1,527 0 0 0 0 12,810
Xerox (XRX) 7,986 0% 11.8 3% 14,684 9,478 6,847 0 413 945 11,172
Logitech (LOGI) 6,832 48% 90.2 0% 2,156 989 2,228 1,068 0 69 6,258
FireEye (FEYE) 2,914 65% -31.7 -7% 2,851 2,148 654 426 -208 -82 2,617
Forescout Technologies (FSCT) 1,704 77% -17.1 -29% 399 305 330 255 -116 -97 1,656
Stratasys (SSYS) 938 0% 1,388 245 0 0 0 0 571
Mitek Systems (MITK) 401 26% -2,478.7 -1% 136 29 85 22 -1 -0 384
Immersion (IMMR) 258 100% -7.3 -19% 128 43 35 35 -24 -23 171
AstroNova (ALOT) 113 37% 15.4 3% 121 48 103 39 3 8 123
Radcom (RDCM) 99 0% 90 11 0 0 0 0 37
Transact Technologies (TACT) 94 50% 31.1 6% 37 10 46 23 2 3 93
Identiv (INVE) 88 45% 24.9 1% 76 40 65 29 1 4 91
Key Tronic (KTCC) 63 8% 939.3 -3% 281 166 442 34 -8 0 110
Interlink Electronics (LINK) 26 57% 16.7 6% 10 1 10 5 1 1 20
Top Image Systems (TISA) 23 0% 32 17 0 0 0 0 20

Balance Sheet ($MM)2011-06-302011-09-302012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash7867758175123971231451161732042582833864815415435685966487098238539068118369721,1691,1121,2171,0221,176
Accounts Receivable7276859590108102109108130111128116185162177174260220254239313270274258348313334324444381403384
Inventory14131821262124334749434751697269818478819410710586747780788190888699
PP&E77353856576063687891105109114124138155140170185190208231320328341347364380382391406435
Assets6356717888519139751,0331,0861,1281,1681,2001,2651,3131,4251,4981,6051,7071,7911,8121,9602,0102,1402,2672,3612,3952,2582,4012,5762,7643,0783,2063,3693,546
Accounts Payable131514242321263633362836375040424962485758574942457056646786697286
Long-Term Debt
Liabilities3483543904254354654855195285835906406637497798549121,0351,0691,1561,1871,3021,3691,4391,4931,6691,7071,7961,8722,0682,1482,2472,345
Stockholders' Equity2883173984274785115485676005866106256496767207517957557428058238388989229025896947808921,0101,0581,1221,200
Income Statement ($MM)2011-06-302011-09-302012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue10311611712913671136147155177169184193224213240260297285311317159341363374162399441454473522548
Cost of Revenue2731313738413945445451655766646972827885859191969410597113112113128124
Gross Profit768586929811097104111123118134136158149170188215207227232272250268281311302328342360393423
R&D1617202320212325262829333133363742434546474651515355596159696770
SG&A42424856525458716671769690105113130142157167185177180193188193214210216221240251254
Tax59681079686229121363-9166-2018-3101174-521221326
Net Income14181414172212911128647218-3-3-1625112327-29424959597380
Cash Flow ($MM)2011-06-302011-09-302012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating36494441503837254761445735658465691016876101130145162158140142177201195221
Cash Investing-53-62-44-70-7-79-12-13-43-2-6-8-13162-15-4-34-35-72-31-82-2965-26711-39-337-27
Cash Financing81672351629-32-1-7632299-62-42-4-18-4216-33-81-318-90-139-58-53-41