FORTINET, INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 63.48 USD | -0.86% |
|
-4.53% | +8.39% |
| Apr. 18 | Jefferies Adjusts Fortinet's Price Target to $70 From $75, Keeps Hold Rating | MT |
| Apr. 18 | Fortinet Insider Sold Shares Worth $3,110,740, According to a Recent SEC Filing | MT |
Business Summary
Net sales break down by revenue source into sales of services (59.7%) and products (40.3%).
Net sales are distributed geographically as follows: the United States (30%), Americas (10.4%), Europe/Middle East/Africa (38.3%) and Asia/Pacific (21.3%).
Number of employees: 13,568
Sales per Business
| USD in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Network Security Appliance
36.3
%
| 1,781 | 40.3 % | 1,927 | 36.3 % | +8.24% |
Security Subscription
35.8
%
| 1,427 | 32.3 % | 1,898 | 35.8 % | +33.01% |
Technical Support and Other
27.9
%
| 1,210 | 27.4 % | 1,479 | 27.9 % | +22.27% |
Sales per region
| USD in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Europe, Middle East and Africa
39.1
%
| 1,692 | 38.3 % | 2,073 | 39.1 % | +22.53% |
United States
30.3
%
| 1,325 | 30.0 % | 1,606 | 30.3 % | +21.20% |
Asia Pacific
19.9
%
| 941 | 21.3 % | 1,057 | 19.9 % | +12.34% |
Other Americas
10.7
%
| 460 | 10.4 % | 569 | 10.7 % | +23.76% |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
Michael Xie
FOU | Founder | 55 | 00-09-30 |
Ken Xie
CEO | Chief Executive Officer | 61 | 00-09-30 |
Keith Jensen
DFI | Director of Finance/CFO | 65 | 14-04-30 |
John Whittle
COO | Chief Operating Officer | 55 | 06-09-30 |
Ken Goldman
BRD | Director/Board Member | 73 | 07-08-31 |
Sandra Wheatley
IRO | Public Communications Contact | - | - |
Peter Salkowski
IRC | Investor Relations Contact | - | - |
Chris Perna
PRN | Corporate Officer/Principal | - | - |
Marc Asturias
PRN | Corporate Officer/Principal | - | - |
John Maddison
SAM | Sales & Marketing | - | 11-12-31 |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
| Director/Board Member | 69 | Feb. 21 | |
Ken Goldman
BRD | Director/Board Member | 73 | 07-08-31 |
Ming Hsieh
BRD | Director/Board Member | 68 | 13-03-31 |
Ken Xie
CEO | Chief Executive Officer | 61 | 00-09-30 |
Michael Xie
FOU | Founder | 55 | 00-09-30 |
William Neukom
BRD | Director/Board Member | 82 | 13-01-23 |
Jean X. Hu
BRD | Director/Board Member | 60 | 19-10-17 |
Judith Sim
BRD | Director/Board Member | 56 | 15-06-21 |
James Stavridis
BRD | Director/Board Member | 69 | 21-10-21 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 1 | 763,030,948 | 638,902,086 ( 83.73 %) | 0 | 83.73 % |
Company contact information
Group companies
| Name | Category and Sector |
|---|---|
Fortinet Technologies India Pvt Ltd.
 Fortinet Technologies India Pvt Ltd. Information Technology ServicesTechnology Services Part of Fortinet, Inc., Fortinet Technologies India Pvt Ltd. provides network security services. The private company is based in Gurugram, India and was founded in 2008. |
Information Technology Services
|
Sales per Business
Sales per region
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
42
Last Close Price
64.03
USD
Average target price
76.44
USD
Spread / Average Target
+19.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.40% | 48.86B | |
| +3.66% | 17.88B | |
| -10.69% | 12.98B | |
| +8.24% | 10.03B | |
| +29.67% | 3.68B | |
| -24.33% | 3.15B | |
| -17.87% | 1.66B | |
| -25.17% | 973M | |
| -30.48% | 705M | |
| -2.52% | 679M |
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