FTNT Fortinet, Inc.

Price (delayed)

$127.44

Market cap

$20.62B

P/E Ratio

52.23

Dividend/share

N/A

EPS

$2.44

Enterprise value

$19.71B

Sector: Technology
Industry: Software - Infrastructure
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.

Highlights

FTNT's gross profit is up by 24% year-on-year and by 5% since the previous quarter
Fortinet's revenue has increased by 20% YoY and by 4.1% from the previous quarter
The stock's price to earnings (P/E) is 80% less than its 5-year quarterly average of 255.4 but 9% more than its last 4 quarters average of 48.0
The quick ratio has decreased by 27% YoY but it has increased by 3.3% from the previous quarter
Fortinet's equity has plunged by 52% YoY

Key stats

What are the main financial stats of FTNT
Market
Shares outstanding
161.83M
Market cap
$20.62B
Enterprise value
$19.71B
Valuations
Price to earnings (P/E)
52.23
Price to book (P/B)
37.88
Price to sales (P/S)
8.75
EV/EBIT
41.77
EV/EBITDA
36.64
EV/Sales
8.37
Earnings
Revenue
$2.35B
EBIT
$471.8M
EBITDA
$537.9M
Free cash flow
$854.8M
Per share
EPS
$2.44
Free cash flow per share
$5.29
Book value per share
$3.36
Revenue per share
$14.57
TBVPS
$20.05
Balance sheet
Total assets
$3.33B
Total liabilities
$2.79B
Debt
$0
Equity
$543.9M
Working capital
$596.8M
Liquidity
Debt to equity
0
Current ratio
1.37
Quick ratio
1.26
Net debt/EBITDA
-1.7
Margins
EBITDA margin
22.8%
Gross margin
77.6%
Net margin
17.5%
Operating margin
19.2%
Efficiency
Return on assets
11.8%
Return on equity
45.6%
Return on invested capital
50.7%
Return on capital employed
27.5%
Return on sales
20%
Dividend
Dividend yield
N/A
DPS
N/A
Payout ratio
N/A

FTNT stock price

How has the Fortinet stock price performed over time

Financial performance

How have Fortinet's revenue and profit performed over time
Revenue
$2.35B
Gross profit
$1.83B
Operating income
$451M
Net income
$411.1M
Gross margin
77.6%
Net margin
17.5%
The operating income has soared by 65% YoY and by 10% QoQ
The operating margin has increased by 37% year-on-year and by 6% since the previous quarter
FTNT's gross profit is up by 24% year-on-year and by 5% since the previous quarter
Fortinet's revenue has increased by 20% YoY and by 4.1% from the previous quarter

Valuation

What is Fortinet stock price valuation
P/E
52.23
P/B
37.88
P/S
8.75
EV/EBIT
41.77
EV/EBITDA
36.64
EV/Sales
8.37
The stock's price to earnings (P/E) is 80% less than its 5-year quarterly average of 255.4 but 9% more than its last 4 quarters average of 48.0
The EPS has grown by 12% from the previous quarter and by 11% YoY
The price to book (P/B) is 194% higher than the 5-year quarterly average of 12.9 and 55% higher than the last 4 quarters average of 24.5
Fortinet's equity has plunged by 52% YoY
FTNT's P/S is 39% higher than its 5-year quarterly average of 6.3 and 9% higher than its last 4 quarters average of 8.0
Fortinet's revenue has increased by 20% YoY and by 4.1% from the previous quarter

Efficiency

How efficient is Fortinet business performance
The company's return on equity rose by 28% QoQ and by 25% YoY
The ROS has grown by 27% YoY and by 3.6% from the previous quarter
The return on invested capital is up by 17% since the previous quarter and by 13% year-on-year
The company's return on assets rose by 11% QoQ

Dividends

What is FTNT's dividend
DPS
N/A
Dividend yield
N/A
Payout ratio
N/A

There are no recent dividends present for FTNT.

Financial health

How did Fortinet financials performed over time
The company's total assets is 20% higher than its total liabilities
The quick ratio has decreased by 27% YoY but it has increased by 3.3% from the previous quarter
The current ratio has contracted by 25% YoY but it has grown by 3.8% from the previous quarter
FTNT's debt is 100% smaller than its equity

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.