Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc
NASDAQ:FTNT
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Price: 93.27 USD -0.8%
Market Cap: 71.3B USD
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Fortinet Inc
Accounts Payable

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Fortinet Inc
Accounts Payable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Accounts Payable CAGR 3Y CAGR 5Y CAGR 10Y
Fortinet Inc
NASDAQ:FTNT
Accounts Payable
$177.9m
CAGR 3-Years
8%
CAGR 5-Years
16%
CAGR 10-Years
17%
Oracle Corp
NYSE:ORCL
Accounts Payable
$2.2B
CAGR 3-Years
43%
CAGR 5-Years
35%
CAGR 10-Years
18%
ServiceNow Inc
NYSE:NOW
Accounts Payable
$165m
CAGR 3-Years
37%
CAGR 5-Years
22%
CAGR 10-Years
31%
Palo Alto Networks Inc
NASDAQ:PANW
Accounts Payable
$116.3m
CAGR 3-Years
27%
CAGR 5-Years
10%
CAGR 10-Years
23%
Microsoft Corp
NASDAQ:MSFT
Accounts Payable
$22.8B
CAGR 3-Years
15%
CAGR 5-Years
22%
CAGR 10-Years
13%
CrowdStrike Holdings Inc
NASDAQ:CRWD
Accounts Payable
$21.1m
CAGR 3-Years
2%
CAGR 5-Years
80%
CAGR 10-Years
N/A
No Stocks Found

Fortinet Inc
Glance View

Market Cap
71.2B USD
Industry
Technology

Fortinet Inc. is a leading cybersecurity company that has carved out a significant niche in protecting digital assets from evolving threats. Founded in 2000 by brothers Ken and Michael Xie, Fortinet's innovative approach combines high-performance hardware and software solutions to deliver comprehensive security services for enterprises of all sizes. The company’s flagship product, FortiGate, is a next-generation firewall that seamlessly integrates intrusion prevention, VPN, and antivirus capabilities. With the rise of remote work and an increasingly interconnected world, Fortinet's solutions have become essential for businesses looking to safeguard sensitive data against cybercriminals who exploit vulnerabilities in network infrastructures. As cyber threats continue to escalate, Fortinet's market opportunity grows, placing it at the forefront of the cybersecurity landscape. From an investment perspective, Fortinet is a company that demonstrates a strong commitment to growth and customer satisfaction, evidenced by its rapidly expanding client base and impressive financial performance. In recent years, Fortinet has consistently reported double-digit revenue growth, driven by increased demand for its comprehensive security solutions amid the global shift to digitization. Moreover, the company's dedication to innovation is reflected in its robust research and development investments, which enable it to stay ahead in a competitive industry. With a solid balance sheet and a strategic focus on enhancing its product offerings through machine learning and artificial intelligence, Fortinet presents an attractive opportunity for investors looking to venture into the dynamic cybersecurity sector.

FTNT Intrinsic Value
58.66 USD
Overvaluation 37%
Intrinsic Value
Price

See Also

What is Fortinet Inc's Accounts Payable?
Accounts Payable
177.9m USD

Based on the financial report for Sep 30, 2024, Fortinet Inc's Accounts Payable amounts to 177.9m USD.

What is Fortinet Inc's Accounts Payable growth rate?
Accounts Payable CAGR 10Y
17%

Over the last year, the Accounts Payable growth was -30%. The average annual Accounts Payable growth rates for Fortinet Inc have been 8% over the past three years , 16% over the past five years , and 17% over the past ten years .

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