Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc
NASDAQ:FTNT
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Price: 97.19 USD 2.47% Market Closed
Market Cap: 74.5B USD
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Fortinet Inc
Net Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Fortinet Inc
Net Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income CAGR 3Y CAGR 5Y CAGR 10Y
Fortinet Inc
NASDAQ:FTNT
Net Income
$1.5B
CAGR 3-Years
40%
CAGR 5-Years
31%
CAGR 10-Years
48%
Oracle Corp
NYSE:ORCL
Net Income
$11.6B
CAGR 3-Years
4%
CAGR 5-Years
1%
CAGR 10-Years
1%
ServiceNow Inc
NYSE:NOW
Net Income
$1.3B
CAGR 3-Years
82%
CAGR 5-Years
107%
CAGR 10-Years
N/A
Palo Alto Networks Inc
NASDAQ:PANW
Net Income
$2.7B
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Microsoft Corp
NASDAQ:MSFT
Net Income
$90.5B
CAGR 3-Years
10%
CAGR 5-Years
17%
CAGR 10-Years
16%
CrowdStrike Holdings Inc
NASDAQ:CRWD
Net Income
$131.1m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Fortinet Inc
Glance View

Market Cap
74.2B USD
Industry
Technology
Economic Moat
Wide

Founded in 2000 by siblings Ken and Michael Xie, Fortinet Inc. emerged from the rapid expansion of the internet and the growing necessity for cybersecurity. As the digital landscape began to flourish, so did the vulnerabilities associated with it. Fortinet distinguished itself by addressing these security needs through its flagship FortiGate firewall and unified threat management system. The company leveraged a distinctive hardware-software fusion, utilizing custom ASIC chips that allowed faster processing speeds and greater efficiency compared to many software-only solutions. This pioneering approach not only differentiated Fortinet from competitors but also laid the groundwork for its expansive suite of security products. Operating at the intersection of technology and security, Fortinet generates its revenue through the sale of these high-performance security appliances and an increasing portfolio of subscription-based cybersecurity services. Its suite of offerings encompasses enterprise-level network security, secure access, and critical data protection both on-premise and via cloud. By continuously updating its threat protection capabilities with real-time intelligence through its FortiGuard Labs, Fortinet ensures that its clients remain shielded from evolving cyber threats. This multifaceted approach allows Fortinet to keep organizations robustly defended in an era where cybersecurity challenges grow more complex by the day. This combination of product sales and recurring revenue from services has fueled Fortinet's consistent growth and its position as a leader in the cybersecurity industry.

FTNT Intrinsic Value
63.68 USD
Overvaluation 34%
Intrinsic Value
Price

See Also

What is Fortinet Inc's Net Income?
Net Income
1.5B USD

Based on the financial report for Sep 30, 2024, Fortinet Inc's Net Income amounts to 1.5B USD.

What is Fortinet Inc's Net Income growth rate?
Net Income CAGR 10Y
48%

Over the last year, the Net Income growth was 33%. The average annual Net Income growth rates for Fortinet Inc have been 40% over the past three years , 31% over the past five years , and 48% over the past ten years .

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