Stock Fundamentals

Company Information

Company Name
Fortinet Inc
Sector
Technology
Industry
Software - Infrastructure
Exchange
NASDAQ
ISIN: US34959E1091
CIK: 0001262039
CUSIP: 34959E109
Currency: USD
Full Time Employees: 15,109
Phone: 408 235 7700
Fiscal Year End: December
IPO Date: Nov 18, 2009
Description:

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Address:

909 Kifer Road, Sunnyvale, CA, United States, 94086

Directors & Officers

Name Title Year Born
Mr. Ken Xie Co-Founder, Chairman & CEO 1963
Mr. Michael Xie Co-Founder, President, CTO & Director 1969
Mr. John Whittle J.D. Chief Operating Officer 1969
Ms. Christiane Ohlgart Chief Accounting Officer, CFO and Principal Financial & Accounting Officer 1968
Mr. Anthony Luscri Vice President of Investor Relations NA
Mr. Russ Schafer Executive Vice President of Marketing NA
Mr. Robert May Executive Vice President of Technology & Product Management NA
Mr. Joe Sarno Executive Vice President of International Sales NA
Mr. Carl Windsor Chief Information Security Officer NA
Mr. Trevor Pagliara Executive Vice President of US Sales NA

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Vanguard Group Inc 73.75M Dec 31, 2025 9.97% $0.08 -2.43%
BlackRock Inc 62.13M Sep 30, 2025 8.40% $0.09 -2.72%
State Street Corp 29.66M Sep 30, 2025 4.01% $0.09 1.64%
Geode Capital Management, LLC 17.18M Sep 30, 2025 2.32% $0.09 1.57%
NORGES BANK 14.52M Dec 31, 2025 1.96% $0.12 -6.46%
Bank of New York Mellon Corp 13.61M Sep 30, 2025 1.84% $0.21 -6.49%
Amvescap Plc. 10.82M Sep 30, 2025 1.46% $0.14 16.96%
Morgan Stanley - Brokerage Accounts 10.76M Sep 30, 2025 1.45% $0.05 14.81%
JPMorgan Chase & Co 7.91M Sep 30, 2025 1.07% $0.02 127.73%
First Trust Advisors L.P. 7.58M Sep 30, 2025 1.02% $0.47 30.94%
Nordea Investment Mgmt Bank Demark A/s 6.91M Dec 31, 2025 0.93% $0.47 -0.24%
Legal & General Group PLC 6.91M Dec 31, 2025 0.93% $0.12 12.92%
Northern Trust Corp 6.81M Sep 30, 2025 0.92% $0.07 -1.48%
Fundsmith LLP 6.52M Dec 31, 2025 0.88% $3.02 -22.61%
UBS Asset Mgmt Americas Inc 6.36M Sep 30, 2025 0.86% $0.12 -10.97%
T. Rowe Price Associates, Inc. 6.21M Sep 30, 2025 0.84% $0.06 -23.30%
Deutsche Bank AG 5.71M Sep 30, 2025 0.77% $0.16 35.94%
Van Eck Associates Corporation 5.56M Sep 30, 2025 0.75% $0.43 62.12%
Ameriprise Financial Inc 5.16M Sep 30, 2025 0.70% $0.10 23.15%
Arrowstreet Capital Limited Partnership 5.15M Dec 31, 2025 0.70% $0.24 10.91%

Shares Statistics

Shares Outstanding: 743.65M
Shares Float: 622.96M
% Insiders: 1,753.20%
% Institutions: 7,159.00%
Short % Float: 2.76%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard Group Inc 73.75M 9.97% ▼ 2.43% Dec 31, 2025
2 BlackRock Inc 62.13M 8.40% ▼ 2.72% Sep 30, 2025
3 State Street Corp 29.66M 4.01% ▲ 1.64% Sep 30, 2025
4 Geode Capital Management, LLC 17.18M 2.32% ▲ 1.57% Sep 30, 2025
5 NORGES BANK 14.52M 1.96% ▼ 6.46% Dec 31, 2025
6 Bank of New York Mellon Corp 13.61M 1.84% ▼ 6.49% Sep 30, 2025
7 Amvescap Plc. 10.82M 1.46% ▲ 16.96% Sep 30, 2025
8 Morgan Stanley - Brokerage Accounts 10.76M 1.45% ▲ 14.81% Sep 30, 2025
9 JPMorgan Chase & Co 7.91M 1.07% ▲ 127.73% Sep 30, 2025
10 First Trust Advisors L.P. 7.58M 1.02% ▲ 30.94% Sep 30, 2025

Valuation Metrics

Enterprise Value: $56.18B
Trailing P/E: 32.66
Forward P/E: 26.60

Financial Highlights

Market Cap: $60.56B
EBITDA: $2.23B
P/E Ratio: $32.66
PEG Ratio: $1.99
Book Value: $1.67
Earnings/Share: $2.42
Profit Margin: 27.26%
Operating Margin: 32.77%
ROA (TTM): 12.87%
ROE (TTM): 135.72%
Revenue (TTM): $6.80B
Revenue/Share (TTM): $8.97
Earnings Growth (YOY): -1.10%
Revenue Growth (YOY): 14.80%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios (Yearly)

Financial Ratios (Quarterly)

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 1.17x 0.40x 0.88x 103.58x 0.20x
2024-12-31 1.47x 0.69x 0.85x 90.17x 0.47x
2023-12-31 1.19x -2.21x 1.06x 59.10x 0.83x
2022-12-31 1.24x -3.63x 1.05x 53.87x 0.95x
2021-12-31 1.55x 1.30x 0.87x 43.65x 1.39x
2020-12-31 1.50x 0.02x 0.79x 10.61x 0.03x
2019-12-31 1.90x 0.01x 0.65x 10.03x 0.03x
2018-12-31 1.77x 0.03x 0.67x 8.85x 0.10x
2017-12-31 1.67x 0.04x 0.74x 8.14x 0.13x
2016-12-31 1.86x 0.02x 0.61x 5.87x 0.14x
2015-12-31 1.87x 0.01x 0.58x 2.81x 0.15x
2014-12-31 2.03x 0.00x 0.53x 11.00x 0.03x
2013-12-31 1.78x 0.04x 0.50x 13.59x 0.24x
2012-12-31 1.78x 0.00x 0.48x 20.07x 0.00x
2011-12-31 1.96x 0.00x 0.51x 25.24x 0.00x
2010-12-31 1.92x 0.00x 0.57x 30.49x 0.00x
2009-12-31 1.90x 0.00x 0.63x 12.79x 0.00x
2008-12-31 1.25x 0.00x 1.03x 1.88x 0.00x
2007-12-31 1.11x -0.05x 1.13x -6.15x -0.05x
2006-12-31 N/A N/A N/A -2.52x 0.00x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 02, 2026 Michael Xie N/A Sale 343.11K $81.42 $27.94M
Feb 02, 2026 Ken Xie N/A Sale 175.74K $81.42 $14.31M
Jan 29, 2026 Ro Khanna N/A Purchase N/A $81.51 N/A
Jan 23, 2026 Ro Khanna N/A Purchase N/A $81.64 N/A
Jan 13, 2026 Ro Khanna N/A Purchase N/A $78.33 N/A
Nov 10, 2025 Ro Khanna N/A Purchase N/A $82.28 N/A
Nov 03, 2025 Ken Xie N/A Sale 158.49K $86.51 $13.71M
Nov 03, 2025 Michael Xie N/A Sale 3.55K $86.53 $306.84K
Oct 31, 2025 Lisa C. McClain N/A Sale N/A $86.43 N/A
Oct 30, 2025 Lisa C. McClain N/A Sale N/A $84.20 N/A
Oct 30, 2025 Lisa C. McClain N/A Purchase N/A $84.20 N/A
Oct 09, 2025 Byron Donalds N/A Purchase N/A $86.19 N/A
Oct 07, 2025 Ro Khanna N/A Sale N/A $84.92 N/A
Sep 05, 2025 Ro Khanna N/A Sale N/A $78.83 N/A
Sep 04, 2025 Byron Donalds N/A Sale N/A $76.44 N/A
Aug 26, 2025 Ro Khanna N/A Purchase N/A $77.65 N/A
Aug 13, 2025 Lisa C. McClain N/A Purchase N/A $79.33 N/A
Aug 08, 2025 Michael T. McCaul N/A Sale N/A $74.39 N/A
Aug 04, 2025 Michael Xie N/A Sale 476.60K $98.48 $46.94M
Aug 04, 2025 Ken Xie N/A Sale 158.49K $98.48 $15.61M

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