Fortinet Inc. chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 4.72
Dividend & YieldN/A£ (N/A)
Beta 1.14
Market capitalization 95.54M
Operating cash flow 1.49B
ESG Scores 19.1

Company description

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Sector: - Industry:

Financial Ratios
Quick Ratio1.48
Working Capital0.47
Return On Equity0.78
Debt To Equity1.26
Fixed Asset Ratio0.02
Fixed Interest Cover43.34

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 236.2M 467M 522.5M 732.3M
Total Cashflows From Investing Activities -134.9M -502.3M -72.8M -1.33B
Net Borrowings -10.1M -3.7M -4.1M 969.9M
Total Cash From Financing Activities -202.6M -195.6M -1.17B 82.8M
Change To Operating Activities -124.8M -188.8M -113.9M -238M
Issuance Of Stock 86.5M 49.5M 22.1M 26M
Net Income 334.9M 331.7M 488.5M 606.8M
Change In Cash 301.4M 110.1M -160.7M 257.3M
Effect Of Exchange Rate -100k -100k -100k -100k
Total Cash From Operating Activities 638.9M 808M 1.08B 1.5B
Depreciation 55.7M 61.6M 68.8M 84.4M
Change To Account Receivables -82M -96.7M -176.4M -72.5M
Other Cashflows From Financing Activities -300k -300k -1.3M -3.4M
Change To Netincome 161.4M 173.8M 199M 230.2M
Capital Expenditures -53M -92.2M -125.9M -295.9M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 244.5M 277.1M 341.4M 424.2M
Income Before Tax 254.3M 386M 541.7M 620.8M
Net Income 334.9M 331.7M 488.5M 606.8M
Selling General Administrative 875.3M 1.03B 1.19B 1.49B
Gross Profit 1.35B 1.66B 2.02B 2.56B
Ebit 234.4M 351M 491.6M 645.8M
Operating Income 234.4M 351M 491.6M 645.8M
Interest Expense -14.9M -14.9M -14.9M -14.9M
Income Tax Expense -80.6M 54.3M 53.2M 14.1M
Total Revenue 1.8B 2.16B 2.59B 3.34B
Cost Of Revenue 450.4M 505.9M 570M 783M
Total Other Income ExpenseNet 19.9M 35M 50.1M -25M
Net Income From Continuing Ops 334.9M 331.7M 488.5M 606.7M
Net Income Applicable To Common Shares 334.9M 331.7M 488.5M 606.8M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 2.07B 2.54B 3.19B 5.12B
Total Stockholder Equity 1.01B 1.34B 856M 781.7M
Other Current Liabilities 994.1M 1.16B 1.39B 1.78B
Total Assets 3.08B 3.88B 4.04B 5.92B
Common Stock 200k 200k 200k 200k
Other Current Assets
Retained Earnings -57.5M 160.8M -352.1M -467.9M
Treasury Stock -800k 1.1M 700k -4.8M
Cash 1.11B 1.22B 1.06B 1.32B
Total Current Liabilities 1.26B 1.46B 1.83B 2.32B
Other Stockholder Equity -800k 1.1M 700k -4.8M
Property, Plant, and Equipment 271.4M 388.6M 497.3M 752.7M
Total Current Assets 2.22B 2.77B 2.74B 3.6B
Net Tangible Assets 949.9M 1.24B 731.4M 593M
Net Receivables 444.5M 544.3M 720M 807.7M
Accounts Payable 86.4M 96.4M 141.6M 148.4M


Insider Transactions

Here are the insider transactions of stock shares related to Fortinet Inc.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NEUKOM WILLIAM HD2022-09-30Director1.03k
GOLDMAN KENNETH ALLEND2022-09-30Director1.03k
HU JEAN XD2022-09-30Director1.03k
SIM JUDITH KOON LIEND2022-09-30Director1.03k
STAVRIDIS JAMES GD2022-09-30Director1.03k
HSIEH MINGD2022-09-30Director1.03k
JENSEN KEITH FRANKLINSale at price 50.57 per share.D2022-08-25Chief Financial Officer39.44k
JENSEN KEITH FRANKLINConversion of Exercise of derivative security at price 16.90 - 34.39 per share.D2022-08-25Chief Financial Officer39.44k
XIE KENConversion of Exercise of derivative security at price 4.77 per share.D2022-08-18Chief Executive Officer300k
JENSEN KEITH FRANKLINSale at price 52.87 - 53.50 per share.D2022-08-16Chief Financial Officer6.5k
XIE MICHAELSale at price 60.64 per share.D2022-08-02Chief Technology Officer8.27k
WHITTLE JOHND2022-08-01General Counsel8.53k
JENSEN KEITH FRANKLIND2022-08-01Chief Financial Officer13.14k
XIE KEND2022-08-01Chief Executive Officer39.49k
XIE MICHAELD2022-08-01Chief Technology Officer16.4k
PERCHE PATRICED2022-08-01Officer11.04k
NEUKOM WILLIAM HD2022-06-16Director244
GOLDMAN KENNETH ALLEND2022-06-16Director244
HU JEAN XD2022-06-16Director244
SIM JUDITH KOON LIEND2022-06-16Director244
STAVRIDIS JAMES GD2022-06-16Director527
HSIEH MINGD2022-06-16Director244
DUCOURTY KELLYD2022-06-16Director244
JENSEN KEITH FRANKLINSale at price 281.00 - 290.32 per share.D2022-05-25Chief Financial Officer7.89k
JENSEN KEITH FRANKLINConversion of Exercise of derivative security at price 84.49 - 171.93 per share.D2022-05-25Chief Financial Officer7.89k
JENSEN KEITH FRANKLINSale at price 283.43 per share.D2022-05-17Chief Financial Officer1.32k
XIE MICHAELSale at price 244.81 - 261.41 per share.D2022-05-09Chief Technology Officer1.65k
WHITTLE JOHND2022-04-29General Counsel1.7k
JENSEN KEITH FRANKLIND2022-04-29Chief Financial Officer2.63k
XIE KEND2022-04-29Chief Executive Officer7.9k
XIE MICHAELD2022-04-29Chief Technology Officer3.28k
PERCHE PATRICED2022-04-29Officer2.21k
NEUKOM WILLIAM HD2022-03-31Director244
GOLDMAN KENNETH ALLEND2022-03-31Director244
HU JEAN XD2022-03-31Director244
SIM JUDITH KOON LIEND2022-03-31Director244
HSIEH MINGD2022-03-31Director244
DUCOURTY KELLYD2022-03-31Director244
WHITTLE JOHNSale at price 315.50 per share.D2022-03-21General Counsel1.7k
WHITTLE JOHNConversion of Exercise of derivative security at price 84.49 - 171.93 per share.D2022-03-21General Counsel1.7k
JENSEN KEITH FRANKLINSale at price 277.65 - 313.68 per share.D2022-02-24Chief Financial Officer14.45k
JENSEN KEITH FRANKLINConversion of Exercise of derivative security at price 49.06 - 171.93 per share.D2022-02-24Chief Financial Officer17.58k
JENSEN KEITH FRANKLINSale at price 314.56 - 318.28 per share.D2022-02-24Chief Financial Officer3.13k
WHITTLE JOHNSale at price 293.73 - 304.32 per share.D2022-02-22General Counsel8.51k
WHITTLE JOHNConversion of Exercise of derivative security at price 49.06 - 171.93 per share.D2022-02-22General Counsel8.51k
JENSEN KEITH FRANKLINSale at price 310.30 - 315.99 per share.D2022-02-17Chief Financial Officer3.6k
WHITTLE JOHNSale at price 296.67 - 310.40 per share.D2022-02-03General Counsel2.41k
WHITTLE JOHND2022-02-01General Counsel4.33k
JENSEN KEITH FRANKLIND2022-02-01Chief Financial Officer6.28k
XIE KEND2022-02-01Chief Executive Officer17.82k
XIE MICHAELD2022-02-01Officer and Director7.79k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Fortinet Inc.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Fortinet Inc.

Here is the result of two systematic investment strategies applied to Fortinet Inc.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Fortinet Inc.

The following chart shows the equity curve of the two systematic investment strategies applied to Fortinet Inc.:

Fortinet Inc. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0% on the backtest period.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

0.0 %
Build your Trading System
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Momentum strategy results on Fortinet Inc.

This is the result of two momentum investment strategies applied to Fortinet Inc.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Fortinet Inc.

The following chart shows all the entries opened by the momentum investment system on Fortinet Inc.:

Fortinet Inc. momentum entries
  • The first momentum investment strategy would give 2.36% of return on Fortinet Inc.. That represents 7.89£ of latent gain with 335.02£ of employed capital.
  • The second momentum investment strategy would give 0% of return on Fortinet Inc.. That represents 0.0£ of latent gain with 0.0£ of employed capital.
Performance at glance (1Q Momentum)

Performance

2.36 %

Latent gain

7.89 £

Invested capital

335.02 £

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Momentum equity curve on Fortinet Inc.

The following chart shows the equity curve of the two momentum strategies applied to Fortinet Inc.:

Fortinet Inc. momentum equity

Note: the dividends potentially given by Fortinet Inc. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Fortinet Inc.

The following chart shows the employed capital evolution of the two momentum strategies on Fortinet Inc. since the beginning:

Fortinet Inc.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250£, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000£.


Buy the dip strategy result on Fortinet Inc.

Buy the dip entry openings on Fortinet Inc.

Fortinet Inc.

The performance achieved by the robo-advisor on Fortinet Inc. is 0%. That represents 0.0$ of latent gain with 0.0£ of employed capital. The following chart shows Fortinet Inc. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Fortinet Inc., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Equity curve of the strategy applied to Fortinet Inc.

The following chart shows the result of the investment strategy applied to Fortinet Inc.:

Fortinet Inc.

Note: the dividends potentially given by Fortinet Inc. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Fortinet Inc.

The following chart shows the employed capital evolution since the beginning of the investment strategy on Fortinet Inc.:

Fortinet Inc.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Fortinet Inc.

In this section, I will compare the three previous investment strategies applied to Fortinet Inc..

Equity curve comparison on Fortinet Inc.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Fortinet Inc. investment strategy comparison

Employed capital comparison on Fortinet Inc.

Fortinet Inc. investment comparison

Performance comparison on Fortinet Inc.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0% 0.0£ 0.0£ 0.0%
Momentum 1 quarter 2.36% 7.89£ 335.02£ 59.0%
Momentum 2 quarters 0% 0.0£ 0.0£ -0.0%
Non-directional 0% 0.0£ 0.0£ -0.0%
Annualized return comparison

Automatic investment

0.0 %

Momentum 1Q

-0.0 %

Momentum 2Q

-0.0 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Fortinet Inc.:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Fortinet Inc. and the other stocks. There may be false positives or some missing correlated stocks. If the price of Fortinet Inc. does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Fortinet Inc.
Country United States
City Sunnyvale
Address 899 Kifer Road
Phone 408 235 7700
Website www.fortinet.com
FullTime employees 11508
Industry
Sector
Exchange XLON
Ticker 0IR9.XLON
Market www.londonstockexchange.com

Fortinet Inc. ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 1.2
Peer Environment Performance 1.6194174757282
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 12.2
Peer Social Performance 9.5473786407767
Social Percentile unknown
Highest Controversy 1
Peer Highest Controversy Performance 1.4857142857143
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Customer Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 5.7
Peer Governance Performance 6.5864077669903
Governance Percentile unknown

ESG at glance
Total ESG Scores: 19.1
Environment Score: 1.2
Social Score: 12.2
Governance Score: 5.7

ESG Performance: UNDER_PERF

Peer Group: Software & Services

Peer Esg Score Performance: 17.753523809524

Rating Year: 2022

Rating Month: 8

Max Age: 86400

Percentile: 22