Index NDX, S&P 500
P/E 36.17
EPS (ttm) 1.45
Insider Own 17.03%
Shs Outstand 781.50M
Perf Week -1.76%
Market Cap 40.31B
Forward P/E 31.25
EPS next Y 1.68
Insider Trans -0.10%
Shs Float 637.15M
Perf Month -8.41%
Income 1.15B
PEG 2.25
EPS next Q 0.43
Inst Own 67.67%
Short Float / Ratio 1.81% / 1.71
Perf Quarter -13.77%
Sales 5.17B
P/S 7.79
EPS this Y 30.89%
Inst Trans -4.25%
Short Interest 11.54M
Perf Half Y -22.96%
Book/sh 0.10
P/B 549.92
EPS next Y 7.85%
ROA 17.96%
Target Price 56.39
Perf Year -1.26%
Cash/sh 4.13
P/C 12.72
EPS next 5Y 16.06%
ROE 843.82%
52W Range 44.12 - 81.24
Perf YTD 7.36%
Dividend -
P/FCF 19.53
EPS past 5Y 97.64%
ROI 107.96%
52W High -35.39%
Beta 1.06
Dividend % -
Quick Ratio 1.17
Sales past 5Y 24.30%
Gross Margin 76.15%
52W Low 18.97%
ATR 1.55
Employees 12595
Current Ratio 1.30
Sales Q/Q 16.10%
Oper. Margin 23.37%
RSI (14) 45.40
Volatility 2.49% 3.16%
Optionable Yes
Debt/Eq 13.38
EPS Q/Q 40.72%
Profit Margin 22.25%
Rel Volume 1.04
Prev Close 52.56
Shortable Yes
LT Debt/Eq 13.38
Earnings Nov 02 AMC
Payout 0.00%
Avg Volume 6.77M
Price 52.49
Recom 2.17
SMA20 1.30%
SMA50 -5.33%
SMA200 -17.44%
Volume 7,057,033
Change -0.13%
Date
Action
Analyst
Rating Change
Price Target Change
Nov-06-23 Downgrade
HSBC Securities
Buy → Hold
$75 → $49
Nov-03-23 Downgrade
William Blair
Outperform → Mkt Perform
Nov-03-23 Downgrade
Stifel
Buy → Hold
$69 → $52
Nov-03-23 Downgrade
Oppenheimer
Outperform → Perform
Nov-03-23 Downgrade
JP Morgan
Overweight → Neutral
$67 → $52
Nov-03-23 Downgrade
Evercore ISI
Outperform → In-line
$78 → $51
Oct-25-23 Initiated
Needham
Hold
Oct-19-23 Downgrade
Jefferies
Buy → Hold
$85 → $65
Oct-18-23 Initiated
DZ Bank
Hold
$58
Oct-13-23 Downgrade
Barclays
Overweight → Equal Weight
$71 → $63
Sep-29-23 Initiated
HSBC Securities
Buy
$75
Sep-13-23 Initiated
CapitalOne
Overweight
$74
Aug-07-23 Upgrade
Guggenheim
Neutral → Buy
$70
Aug-04-23 Reiterated
Wells Fargo
Overweight
$90 → $85
Aug-04-23 Reiterated
Wedbush
Outperform
$70 → $69
Aug-04-23 Reiterated
Scotiabank
Sector Outperform
$90 → $71
Aug-04-23 Reiterated
Rosenblatt
Buy
$95 → $90
Aug-04-23 Reiterated
Robert W. Baird
Outperform
$93 → $84
Aug-04-23 Reiterated
Raymond James
Outperform
$75 → $70
Aug-04-23 Reiterated
Morgan Stanley
Overweight
$84 → $80
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Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security, Infrastructure Security, Cloud Security, and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment includes the majority of product sales from its FortiGate network security appliances. The Infrastructure Security segment provides a platform, which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public clouds. Together with its network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated, and collaborative solution. The Cloud Security segment provides help to customers to connect securely to and across their cloud environments by offering security through its virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment includes the proliferation of Internet of Things (IoT) and an Operational Technology (OT). IoT and OT have created an environment where data moves freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.
Insider Trading
Relationship
Date
Transaction
Cost
#Shares
Value ($)
#Shares Total
SEC Form 4
Jensen Keith CFO & Chief Accounting Officer Nov 24 Option Exercise 28.47 24,710 703,509 29,296 Nov 27 04:21 PM Jensen Keith CFO & Chief Accounting Officer Nov 24 Sale 53.37 24,710 1,318,689 4,586 Nov 27 04:21 PM Perche Patrice Chief Revenue Off./EVP Supp. Nov 21 Option Exercise 28.59 7,535 215,409 33,265 Nov 22 04:19 PM Perche Patrice Chief Revenue Off./EVP Supp. Nov 21 Sale 51.77 7,535 390,087 25,730 Nov 22 04:19 PM Jensen Keith CFO & Chief Accounting Officer Nov 17 Sale 51.00 5,100 260,076 4,586 Nov 20 04:10 PM Perche Patrice Chief Revenue Off./EVP Supp. Nov 03 Sale 50.26 8,918 448,229 25,730 Nov 03 05:45 PM Perche Patrice Chief Revenue Off./EVP Supp. Nov 01 Option Exercise 0.00 9,420 0 35,155 Nov 03 05:45 PM Xie Michael VP, Engineering & CTO Nov 01 Option Exercise 0.00 11,675 0 29,738,693 Nov 03 05:48 PM Xie Ken President & CEO Nov 01 Option Exercise 0.00 30,200 0 48,348,525 Nov 03 05:47 PM Whittle John VP Corp Dev&Strat Alliance,GC Nov 01 Option Exercise 0.00 6,205 0 31,091 Nov 03 05:46 PM Jensen Keith CFO & Chief Accounting Officer Nov 01 Option Exercise 0.00 10,125 0 14,702 Nov 03 05:45 PM Perche Patrice Chief Revenue Off./EVP Supp. Oct 23 Option Exercise 28.58 7,535 215,352 33,265 Oct 24 04:04 PM Perche Patrice Chief Revenue Off./EVP Supp. Oct 23 Sale 56.13 7,535 422,943 25,730 Oct 24 04:04 PM Sim Judith Director Sep 30 Option Exercise 0.00 826 0 140,582 Oct 02 04:16 PM STAVRIDIS JAMES G. Director Sep 30 Option Exercise 0.00 826 0 7,592 Oct 02 04:16 PM NEUKOM WILLIAM H. Director Sep 30 Option Exercise 0.00 826 0 292,377 Oct 02 04:15 PM Hu Jean X. Director Sep 30 Option Exercise 0.00 826 0 29,452 Oct 02 04:14 PM GOLDMAN KENNETH A Director Sep 30 Option Exercise 0.00 826 0 16,872 Oct 02 04:12 PM Hsieh Ming Director Sep 30 Option Exercise 0.00 826 0 53,087 Oct 02 04:13 PM Perche Patrice Chief Revenue Off./EVP Supp. Sep 21 Option Exercise 28.58 7,530 215,237 33,260 Sep 22 06:09 PM Perche Patrice Chief Revenue Off./EVP Supp. Sep 21 Sale 59.10 7,530 445,045 25,730 Sep 22 06:09 PM NEUKOM WILLIAM H. Director Sep 08 Buy 63.28 552 34,928 291,551 Sep 08 04:35 PM Jensen Keith CFO & Chief Accounting Officer Aug 23 Option Exercise 28.47 24,715 703,681 29,293 Aug 24 04:26 PM Jensen Keith CFO & Chief Accounting Officer Aug 23 Sale 58.99 24,715 1,457,976 4,583 Aug 24 04:26 PM Perche Patrice Chief Revenue Off./EVP Supp. Aug 21 Option Exercise 28.58 7,535 215,352 33,265 Aug 22 07:27 PM Perche Patrice Chief Revenue Off./EVP Supp. Aug 21 Sale 58.29 7,535 439,179 25,730 Aug 22 07:27 PM Jensen Keith CFO & Chief Accounting Officer Aug 18 Sale 57.20 5,100 291,737 4,578 Aug 21 07:32 PM Perche Patrice Chief Revenue Off./EVP Supp. Aug 03 Sale 75.32 8,923 672,051 25,730 Aug 03 05:52 PM Xie Michael VP, Engineering & CTO Aug 02 Sale 75.05 5,885 441,678 29,727,018 Aug 03 05:55 PM Xie Michael VP, Engineering & CTO Aug 01 Option Exercise 0.00 11,675 0 29,738,693 Aug 03 05:55 PM Xie Ken President & CEO Aug 01 Option Exercise 0.00 30,185 0 48,348,525 Aug 03 05:54 PM Whittle John VP Corp Dev&Strat Alliance,GC Aug 01 Option Exercise 0.00 6,200 0 31,091 Aug 03 05:53 PM Perche Patrice Chief Revenue Off./EVP Supp. Aug 01 Option Exercise 0.00 9,425 0 35,155 Aug 03 05:52 PM Jensen Keith CFO & Chief Accounting Officer Aug 01 Option Exercise 0.00 10,130 0 14,702 Aug 03 05:51 PM Perche Patrice Chief Revenue Off./EVP Supp. Jul 21 Option Exercise 28.58 7,530 215,237 33,260 Jul 24 04:30 PM Perche Patrice Chief Revenue Off./EVP Supp. Jul 21 Sale 78.49 7,530 590,994 25,730 Jul 24 04:30 PM Perche Patrice Chief Revenue Off./EVP Supp. Jun 21 Option Exercise 28.58 7,530 215,237 33,260 Jun 22 04:55 PM Perche Patrice Chief Revenue Off./EVP Supp. Jun 21 Sale 71.15 7,530 535,738 25,730 Jun 22 04:55 PM Hu Jean X. Director Jun 15 Option Exercise 0.00 1,033 0 28,626 Jun 20 05:06 PM GOLDMAN KENNETH A Director Jun 15 Option Exercise 0.00 1,033 0 16,046 Jun 20 05:03 PM STAVRIDIS JAMES G. Director Jun 15 Option Exercise 0.00 1,033 0 6,766 Jun 20 05:11 PM Sim Judith Director Jun 15 Option Exercise 0.00 1,033 0 139,756 Jun 20 05:09 PM NEUKOM WILLIAM H. Director Jun 15 Option Exercise 0.00 1,033 0 290,999 Jun 20 05:08 PM Jensen Keith CFO & Chief Accounting Officer May 23 Option Exercise 28.47 24,710 703,509 29,282 May 24 05:40 PM Jensen Keith CFO & Chief Accounting Officer May 23 Sale 68.18 24,710 1,684,842 4,572 May 24 05:40 PM Perche Patrice Chief Revenue Off./EVP Supp. May 22 Option Exercise 28.58 7,535 215,352 33,265 May 23 05:49 PM Perche Patrice Chief Revenue Off./EVP Supp. May 22 Sale 70.24 7,535 529,290 25,730 May 23 05:49 PM Jensen Keith CFO & Chief Accounting Officer May 18 Sale 68.23 5,050 344,568 4,572 May 19 05:41 PM Perche Patrice Chief Revenue Off./EVP Supp. May 03 Sale 61.23 8,947 547,806 25,730 May 03 08:51 PM Xie Michael VP, Engineering & CTO May 02 Sale 61.59 5,826 358,803 29,727,018 May 03 08:54 PM Xie Michael VP, Engineering & CTO May 01 Option Exercise 0.00 11,675 0 29,738,693 May 03 08:54 PM Whittle John VP Corp Dev&Strat Alliance,GC May 01 Option Exercise 0.00 6,200 0 27,603 May 03 08:52 PM Xie Ken President & CEO May 01 Option Exercise 0.00 30,195 0 48,333,464 May 03 08:53 PM Perche Patrice Chief Revenue Off./EVP Supp. May 01 Option Exercise 0.00 9,420 0 35,150 May 03 08:51 PM Jensen Keith CFO & Chief Accounting Officer May 01 Option Exercise 0.00 10,125 0 14,694 May 03 08:50 PM Perche Patrice Chief Revenue Off./EVP Supp. Apr 21 Option Exercise 28.58 7,530 215,237 33,260 Apr 24 04:12 PM Perche Patrice Chief Revenue Off./EVP Supp. Apr 21 Sale 66.91 7,530 503,832 25,730 Apr 24 04:12 PM NEUKOM WILLIAM H. Director Apr 11 Buy 67.40 423 28,509 290,716 Apr 13 07:36 PM NEUKOM WILLIAM H. Director Mar 31 Option Exercise 0.00 1,033 0 285,078 Apr 03 04:25 PM STAVRIDIS JAMES G. Director Mar 31 Option Exercise 0.00 1,033 0 5,733 Apr 03 04:22 PM Sim Judith Director Mar 31 Option Exercise 0.00 1,033 0 138,723 Apr 03 04:16 PM Hu Jean X. Director Mar 31 Option Exercise 0.00 1,033 0 27,593 Apr 03 04:15 PM Hsieh Ming Director Mar 31 Option Exercise 0.00 1,033 0 51,228 Apr 03 04:14 PM GOLDMAN KENNETH A Director Mar 31 Option Exercise 0.00 1,033 0 15,013 Apr 03 04:13 PM Perche Patrice Chief Revenue Off./EVP Supp. Mar 21 Option Exercise 28.58 7,535 215,352 33,265 Mar 22 04:04 PM Perche Patrice Chief Revenue Off./EVP Supp. Mar 21 Sale 61.81 7,535 465,721 25,730 Mar 22 04:04 PM Jensen Keith CFO & Chief Accounting Officer Feb 23 Option Exercise 24.15 78,895 1,905,263 102,943 Feb 24 06:16 PM Jensen Keith CFO & Chief Accounting Officer Feb 23 Sale 60.18 98,374 5,920,323 4,569 Feb 24 06:16 PM Perche Patrice Chief Revenue Off./EVP Supp. Feb 21 Option Exercise 24.88 11,035 274,559 36,765 Feb 22 04:07 PM Perche Patrice Chief Revenue Off./EVP Supp. Feb 21 Sale 59.75 11,035 659,321 25,730 Feb 22 04:07 PM Perche Patrice Chief Revenue Off./EVP Supp. Feb 09 Option Exercise 21.33 435,490 9,288,629 601,224 Feb 10 06:28 PM Perche Patrice Chief Revenue Off./EVP Supp. Feb 09 Sale 58.97 575,494 33,935,130 25,730 Feb 10 06:28 PM Xie Michael VP, Engineering & CTO Feb 02 Option Exercise 4.76 225,000 1,071,000 29,967,064 Feb 02 06:45 PM Xie Michael VP, Engineering & CTO Feb 02 Sale 53.72 240,046 12,896,280 29,727,018 Feb 02 06:45 PM Xie Michael VP, Engineering & CTO Feb 01 Option Exercise 0.00 24,525 0 29,751,543 Feb 02 06:45 PM Xie Ken President & CEO Feb 01 Option Exercise 0.00 63,555 0 48,332,069 Feb 02 06:44 PM Whittle John VP Corp Dev&Strat Alliance,GC Feb 01 Option Exercise 0.00 13,250 0 26,126 Feb 02 06:43 PM Perche Patrice Chief Revenue Off./EVP Supp. Feb 01 Option Exercise 0.00 18,600 0 166,851 Feb 02 06:42 PM Jensen Keith CFO & Chief Accounting Officer Feb 01 Option Exercise 0.00 20,710 0 31,630 Feb 02 06:40 PM STAVRIDIS JAMES G. Director Dec 31 Option Exercise 0.00 1,033 0 4,700 Jan 05 05:56 PM Sim Judith Director Dec 31 Option Exercise 0.00 1,033 0 137,690 Jan 05 05:55 PM Hu Jean X. Director Dec 31 Option Exercise 0.00 1,033 0 26,560 Jan 05 05:53 PM NEUKOM WILLIAM H. Director Dec 31 Option Exercise 0.00 1,033 0 284,045 Jan 05 05:53 PM GOLDMAN KENNETH A Director Dec 31 Option Exercise 0.00 1,033 0 13,980 Jan 05 05:51 PM Hsieh Ming Director Dec 31 Option Exercise 0.00 1,033 0 50,195 Jan 05 05:52 PM
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