Quote Overview

Stock Activity

Open	64.42
Day Low	63.90
Day High	65.15
52 Wk Low	44.12
52 Wk High	81.24
Avg. Volume	4,377,006
Market Cap	48.97 B
Dividend	NA
Beta	1.08

Key Earnings Data

Earnings ESP	0.00%
Most Accurate Est	0.38
Current Qtr Est	0.38
Current Yr Est	1.69
Exp Earnings Date	^*AMC5/2/24
Prior Year EPS	1.63
Exp EPS Growth (3-5yr) 16.22%
Forward PE	38.01
PEG Ratio	2.34

Computer and Technology » Internet - Software

*BMO = Before Market Open *AMC = After Market Close

Research Reports for FTNT

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Style Scores D Value C Growth B Momentum C VGM
Zacks Rank	Hold 3
Zacks Industry Rank	Top 26%(65 out of 252)
Zacks Sector Rank	Top 38% (6 out of 16)
Earnings ESP	0.00%
Research Reports for FTNT Analyst \| Snapshot

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Premium Research: Industry Analysis

Top Peers	Symbol	Zacks Rank
Fortinet	FTNT
Audioeye	AEYE
Diebold Nixdorf, Incorporated	DBD
Pinterest	PINS
SEMrush	SEMR
Veeva Systems	VEEV
Zuora	ZUO

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Company Summary

Headquartered in Sunnyvale, CA, Fortinet, Inc. is a provider of network security appliances and Unified Threat Management (UTM) network security solutions to enterprises, service providers and government entities worldwide.

Its solutions are designed to integrate multiple levels of security protection, including firewall, virtual private networking (VPN), antivirus, intrusion prevention (IP), web filtering, anti-spam and wide area network (WAN) acceleration.

Through its products and subscription services, the company provides integrated protection against dynamic security threats while simplifying the IT security infrastructure. Its solutions incorporate application-specific integrated circuits, hardware architecture, operating system, and associated security and networking functions to defend against multiple categories of IT security attacks without impacting network performance.

The company’s network security gateways protect customer data, reduce security complexities and lower the total cost of ownership. Customers are able to implement their security policies on traffic between internal networks and the Internet, as well as between internal and private networks shared with partners.

Its flagship UTM solution consists of the FortiGate appliance product line and FortiGuard security subscription services.

Its products and services are sold through a network of more than 20,000 channel partners worldwide, including distributors, resellers, value-added resellers and managed service providers. The company caters to more than 450,000 customers worldwide that includes most of the Fortune 100 companies.

Fortinet reported revenues of $5.3 billion in 2023, which increased 20.1% from 2022. Product revenue was $1.93 billion, up 8.2% while Service revenue of $3.38 billion improved 28.1% year over year in 2023.

The company faces significant competition with Palo Alto Networks, CyberArk, Qualys and Cisco in the network security as well as cloud security space.